Swiss logistics component producer Interroll chalks up record sales on fast growth in China
Workers assemble conveyor rollers at Interroll's plant in Suzhou. The company is ramping up production in China driven by the nation's fast growing logistics demand.
Swiss listed logistics component producer Interroll reaped a record 203.3 million Swiss franc (US$211.3 million) in sales worldwide over the first half of this year, mainly driven by China’s fast growing logistics industry.
Sales were 8.6 percent higher from a year ago, led by China’s demand for conveyor rollers and sorters – components that help convey goods and automatically sort goods respectively – thanks to the nation’s fast growing courier services, said Ben Xia, Interroll’s executive vice president.
China’s courier companies made profits totaling 98.5 billion yuan (US$14.7 billion) over the first quarter, 27.4 percent higher from a year ago, according to the State Post Bureau.
Driven by the courier sector, China's logistics industry posted gross profit of 4.2 trillion yuan, 12.9 percent higher from a year ago, the National Development and Reform Commission said.
While in last year global logistics market added 6.1 percent from 2015, China clinched a 20.4 percent growth year on year as one of the fastest growing markets, according to Deloitte, a US-based accounting firm.
Interroll will step up its production in China and accelerate product upgrading to cater to the climbing demands in this country, Xia said.
The company is providing conveyor components to domestic courier giants including SF Express, he added.
