Americold's Chinese joint venture announces strategic alliance with Yum! China
Americold has announced that its Chinese joint venture company, China Merchants Americold (Hong Kong) (CMAC), and Yum! China have signed a strategic alliance framework agreement to cooperate on the outsourcing and relocation of selected logistics centers for Yum! China. In addition, the agreement will see the establishment of new logistics centers in the future. The initial projects under the cooperation framework encompass the relocation and outsourcing of Yum! China's Beijing and Harbin logistics centers long term service contract.
"The cooperation between Yum! China and CMAC is a strategic milestone in the development of outsourcing and third party logistics in China," said Neal Rider, President of Americold International Operations and CEO of CMAC. "Yum! China has been fast growing and our cooperation will allow Yum! to support the growth in its restaurant units with a flexible distribution infrastructure, while ensuring service reliability, product and temperature integrity and competitive cost. Yum! operates the largest integrated temperature controlled distribution network in China today and we are honored that they have chosen us to be their long term strategic partner."Yum! Brands is one of the world's largest restaurant companies, with nearly 38,000 units in more than 110 countries and territories. Through the three concepts of KFC, Pizza Hut and Taco Bell, Yum! develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of competitively priced food items.