+Nagel and Elanco partner to expand animal healthcare logistics capabilities in China
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5-day change | 1st Jan Change | |
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269.20 CHF |
+0.22% |
-1.80% |
+24.49% |
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Schindellegi, CH,
10
May
2023
Kuehne+Nagel Contract Logistics
Kuehne+Nagel and Elanco partner to expand animal healthcare logistics capabilities in China
- Enhancement of existing facilities into two dedicated fulfilment centres with a total space of 15,000 sqm
- Addressing the growing need for animal healthcare in Greater China
- Expanding healthcare logistics presence in the region
Elanco
Kuehne+Nagel has opened two dedicated fulfilment centres for Elanco, a leading animal healthcare company, in Chengdu, West China. The new facilities now comprise a 3,000 sqm manufacturing warehouse and a 12,000 sqm distribution centre for finished products, increasing the total space in surface and storage capacity through optimised racking systems.
Both facilities fully comply with the regulatory healthcare requirements and are equipped with state-of-the-art infrastructure to support efficient operations while contributing to reducing carbon emissions through electric warehouse equipment, LED lighting and minimised paper processes. To streamline the process whilst satisfying the most stringent standards on healthcare products administration, a state-of-the-art Warehouse Management System and Computerised Systems Validation have been implemented for this project.
Marcello Ferrari, Vice President Global Head Customer Development Healthcare, Contract Logistics for Kuehne+Nagel said: “Our partnership with Elanco in China builds upon our existing collaborations in India and Mexico and highlights our commitment to the animal healthcare industry globally. As an animal healthcare customer, Elanco relies on the highest quality standards. With our HealthChain label, we ensure that our customers’ products are in the best hands across our entire network. Gaining our customers’ trust is a core element of our strategic Roadmap 2026.”
“China is already the second largest market for Elanco, next to the United States, our home market. Thanks to Kuehne+Nagel, we managed to consolidate our existing facilities and upgrade our supply chain operation to the next level. We are looking forward to seizing the growth opportunities in China’s fast-growing animal healthcare market with Kuehne+Nagel as our indispensable logistics partner,” said Dylan Lu, Vice President of Elanco (Greater China).
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About Kuehne+Nagel
About Kuehne+Nagel
With over 79,000 employees at almost 1,300 locations in over 100 countries, the Kuehne+Nagel Group is one of the world’s leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.
About Elanco
Elanco Animal Health (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we’re driven by our vision of Food and Companionship Enriching Life and our approach to sustainability, Elanco Healthy Purpose™- all to advance the health of animals, people, the planet and our enterprise.
Disclaimer
Kuehne + Nagel International AG published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 04:55:01 UTC.
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More charts
Kuehne und Nagel International AG is a Switzerland-based holding company engaged in the provision of logistics services. The Company is structured into six operating segments: Seafreight, Airfreight, Road & Rail Logistics, Contract Logistics, Real Estate and Insurance Brokers. Furthermore, the Company diversifies its activities into four geographical regions: Europe; Americas; Asia-Pacific, and Middle East, Central Asia and Africa. Within the Seafreight, Airfreight and Road & Rail Logistics operating segments, the Company is engaged in transportation services, including carrier services and contracts of carriage related to shipment. The Contract Logistics operating segment is engaged in the provision of services related to warehouse and distribution activities. The Insurance Brokers operating segment is principally engaged in the brokerage services of insurance coverage, mainly marine liability. The Real Estate segment covers activities mainly related to internal rent of facilities.
More about the company
Sell
Buy
Mean consensus
UNDERPERFORM
Last Close Price
268.60CHF
Average target price
243.43CHF
Spread / Average Target
-9.37%
Consensus
link
