Omniva to establish joint company with Chinese (1)

(Martin Dremljuga/ERR)
9/24/2015 1:32 PM
Category: Economy

Estonian logistics company Omniva will establish a joint enterprise with China's largest private-capital-based courier company SF Express.

Omniva said that the aim is to mediate goods between China and Europe in a faster and more efficient manner.

The joint enterprise is called Post11 and it will be registered in Estonia. “The goal is to expand the business model all over the world, to forward shipments between different countries and to expand in the value-chain of e-commerce with new solutions,” said Aavo Kärmas, Chairman of the Management Board of Omniva.

According to Kärmas, the global e-commerce business offers wide opportunities. “In 2014, the volume of e-commerce oriented to the global end consumer was over 1.3 billion euros. Growth is mainly generated by the increasing number of purchases made, using the Internet and mobile phones. Based on forecasts, China should pass the US this year and become the largest e-commerce market in the world,” Kärmas said.

The new company is expected to create approximately 50 new jobs in Estonia.

Omniva belongs to the state-owned Estonian Post.

SF Express is China's largest privately owned company that provides courier services in China, USA, South Korea, Singapore, Malaysia, Japan, Vietnam, Thailand and Australia.

S. Tambur

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