Apollo Fiege, a joint venturebetween
Apollo LogiSolutions, India and FIEGE Logistics, Germany has formed a joint venture
with the Ferrari Group to offer end-to-end state-of-the-art secure logistics solutions
in India to the Diamonds, Gems &Jewellery plus Luxury verticals. Thejoint venture
partners have committed to invest USD 10 million over the next two years in this
joint venture named “AF Ferrari”.
AF Ferrari will offer integrated
and one-stop-shop’ logistics solutions in the field of secure transportation, domestic
and international multi modal transportation, customs brokerage, exhibitions support, bespoke and tailor made
solutions & consultations, warehousing & contract logistics and
signature services like precious metals, diamonds & gems, high-technology
components and luxury products including art.
Commenting on this association, Raaja Kanwar, Vice Chairman and Managing Director,
Apollo LogiSolutions, said,“Buoyed
by globalization coupled with India`s passion for jewelry, the market for
luxury and jewelry have been growing at
20% and 10% respectively in the last 5 years. This, in turn, has led to
a huge demand for organized secured logistics solutions. The Ferrari Group
understands this industry and also matches our drive, passion and aspiration.
This is a perfect match of logistics experience, service quality, timelines,
flexibility, responsiveness and accurate solutions for customers. This new JV
will allow our customers a complete range of freight and logistics services
across the country and all over the world.”
Marco Deiana, Managing Director, Ferrari Group, said, “We are
excited to partner with Apollo Fiege Integrated Logistics Pvt. Ltd. Their focus
on delivering service and value to the client closely aligns with our own.
Through this partnership with Apollo Fiege, we hope to do what we have done in
the other countries and help build India’s stellarjewelryand luxury products industry
and facilitate them to reach out to the international market. Together, we will
be able to provide world-class secure logistics solutions on an integrated
technology platform at a competitive price.”
The joint venture company will
operate across India through its offices across Delhi, Mumbai, Gurgaon, Jaipur,
Surat, Hyderabad, Chennai, Bangalore and Kolkata. It will enable the delivery of a comprehensive suite of supply chain
solutions to both multinational and local corporations.The company is looking
at achieving a topline of US$ 20millionand an EBITA of 30%-35%,
by the end of the second year.
About AF Ferrari Secure Logistics Private Limited:
AF Ferrari is a 60:40 joint venture
between Apollo Fiege and Ferrari Group. The combination of three (Apollo
LogiSolutions, Fiege and Ferrari) big giants in the logistics industry brings
together the expertise and capabilities of the secured logistics management of diamonds,
gems &jewellery and luxury goods as well as end-to-end logistics solutions
in India, hence providing a bridge for customers between India and the world.
About Apollo Fiege Integrated Logistics Pvt. Ltd.
Apollo Fiege is a joint venture
between Apollo LogiSolutions Ltd., India and FIEGE Logistics, Germany brings
the well-known expertise, efficiency and dependability of FIEGE in the field of
contract logistics on one hand, and the keen insights, network and reach of the
Apollo LogiSolutions team in the Indian logistics landscape on the other.
The
services offered by APOLLO FIEGE include the generic business of freight
forwarding through air and ocean along with secured short-term storage for
valuables in transit, customs brokerage, where the company will assist
customers to interface with the customs department during shipment imports or
exports as per various classifications, contract logistics and transportation
services.
Apollo FIEGE Integrated service
platform is outfitted with operational expertise and solution capabilities
across the entire logistics spectrum catering to Freight Forwarding, Customs
Clearance, Projects and other 3PL logistics requirements through its vast
global network. We have a team of over 200 associates with expertise in freight
handling, customs brokerage, contract logistics and project Logistics led by an
experienced management team, to provide integrated end-to-end solutions for
customers in India and abroad.
About Ferrari Group
A leader in the industry with over
50 years of experience, Ferrari Group provides one-stop solutions for the
logistics management of precious and luxury goods to a vast profile of
clientele, including global fashion and luxury brands, jewellery manufacturers
and distributors, businesses with high-technology components, precious stones
producers as well as end consumers.
Ferrari Group’s global headquarters is
located in Italy with 80 logistics offices in 50 countries, employing hundreds
of professionals chosen for their abilities and experience to deliver high
quality services for our customers. With increasing demands from our varied
clients, Ferrari Group has developed tailor-made services as a unique selling
point, setting us apart from the competition.
Through years of experience, the
company has gone through constant innovation in security procedures, import and
export, customs support, event organization, international show support, supply
chain, warehousing and logistics activities. The company offers quality
service, timeliness, flexibility and responsiveness with accurate and
customised solutions for high-value merchandise and commodities.
For
further information, please contact:
Indranil Roy Choudhuri| Indranil.roy@apolloindia.com|
+91 9810566971
Dinesh Kumar |dinesh@avian-media.com | +91 9840003993
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