Ad Here  
July
August
September
October
November
December
 
 
TII’s single largest investment at Thiruthani Nigeria comes nearer Sun Edison launches solar pumps TVS Logistics – another acquisition to sharpen the business model Big-ticket investments march towards Punjab Investor friendly Japan Inclusive and forward moving... Scoot offers just Rs.13,500 to ANZ... Time to fast-pace the logistics sector Reality bytes Economic, business and social sustainability Indian Bank – global businesses crosses Rs 3 lakh crore... Connecting the unconnected Gem of social service... Airlines wage price war ECGC expands operations More gensets and diesel engines from TAFE World labour laws at a glance An American alliance in the chemical industry? Towards peace of mind Rating of states to be released soon Is Indian telecom industry heading for a monopoly? Durga - India’s largest blast furnace; now operational Celebration time at MS Chola Business Breif BRICS development bank Four daughters and a proud father Veritas Finance- financing the unfinanced European crisis is a global crisis! Auto test tracks launched at GARC Oragadam campus Economic issues take a back seat at G20 summit Make way for the new and dynamic railways TOP 10 CEO Compensation Murugappa- a year of consolidation Well-refined – RIL’s refinery margins zoom Backpack laboratory ALL – truck industry is recovering from degrowth Housing Innovation Challenge, 2015 ALL to launch electric busses An aerospace-defence cluster in Tamil Nadu… Ridley marathon to India Innovation that helped Chennai port Pharma market dozes Carrefour’s quick exit WABCO’s second Chennai plant Techies trip to India Secured NCDs from Shriram City On the ‘milky’ way Research needs more funding OBO Bettermann for better lightning protection AirAsia India infuses funds to fight out competition Steel loses its sheen Creating Tamil Nadu Banana brand Strategy war escalates between Hero and Honda Apple maps – finding its way Business Briefs Realty sector takes a break... Focus on self-certification and third party inspection Chola MS net crosses 100 crores IFCI to raise NCDs upto Rs 2000 crore Indigo stays leader with 40 per cent share Illicit markets a concern to growing economy Flexible labour laws… Realising double digit growth in Tamil Nadu TiE applauds innovative entrepreneurs Curbing steel imports will hurt small business... The new look- 4s Verna ALL-two launches in a row TCS’ revenues cross Rs 100,000 crore Blue Star plans a new plant in south Hero Motocorp - smooth ride Adding Zest to Scooty Dynamic e-commerce scenario SumInfra- corridor based development... CUB: towards card-less withdrawal Chennai will soon get its World Trade Centre People Flow Day- Safety Chola MS launches motor app Automotive Vision Plan II... Nothing to hide... Chennai to get a roundabout Metro Waste, a gold mine Celebrating 180 years of relevance Applauding enterprise... Changing dynamics in human resource management - Hyundai excites again Climate change may change the way businesses work... When Centre visits the state ISRO's 100th mission STFC raises money Chennai Port is at last decongested! Industry-well poised to invest on expansion Need to focus on ease of doing business... Tata Steel commence operations at Kalinganagar Striking cords for 25 years… Smart controls for cooling large multi-zone spaces ... TII-challenging year with flat growth Holiday Inn opens in OMR Chennai Three more leather clusters… Purdue and IIT-M sign the dotted line Bridging the skill deficit in pharma industry Digital retail transactions stabilise at higher level… Brand leaders come forward... Schwing Stetter India joins hands with US-based Gomaco LVB gears to become a financial supermarket TN budget pragmatic and moderate on fiscal deficit A global plastic event in India Downsizing spree... Placing the right shoe forward...
 
TVS Logistics – another acquisition to sharpen the business model

To increase its presence in the Asian markets, TVS logistics, head-quartered in Chennai, has taken a majority stake in Australia-based Transtar through its Joint Venture in Singapore-TVS Asianics Supply Chain Solutions. This is expected to increase TVS Logistics presence in countries like Singapore, Thailand, China and also marks it entry into Australia. Transtar with annual revenue of Rs 850 crore has a warehouse capacity of 13,000 plus pallets in Australia and New Zealand.

R Dinesh, Managing Director, TVS Logistics Services pointed to the acquisition to strengthen their capabilities in freight forwarding across the regions. In a turnover of around Rs 4000 crore last year, 60 per cent comes from International operations. Dinesh pointed to automobiles contributing to less than 35 per cent of their services. James McAdam, CEO and Partner, TVS Asianics Supply Chain Solutions, pointed to the increasing focus on the Asian market which is on growth mode and the acquisition will help serve the growth.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com