|
We have started an integrated physical distribution business in the Philippines with our partners
in 1996 and in the summer of 1999, we completed a state-of-the-art physical distribution center that
is equipped with the most advanced information systems. In this business, we have obtained the
largest business group in the Philippines and a very well known Japanese corporation as our
partners. The service of MD Distripark Manila, Inc. (MDD), as the core company, combines with
services from MD Express Manila, Inc. (MDE) and MD Brokerage Corp. (MDB), which handle
customs clearance, transportation and forwarding. Our basic business concept is to develop our
company and position ourselves as a leader in the international transportation, logistics and
distribution sector throughout the market in the Philippines which is expected to grow in the
coming years. At the same time, we intend to solidify and utilize our facilities as a center for the
domestic distribution in the Philippines. Situated 45 kilometers south of the city center of Manila in
the Laguna Technopark where a large number of Japanese based firms are concentrated, our
distribution center, MDD, can easily be identified by its impressive appearance. For our company,
our first venture into warehouse facility management overseas demonstrates the future direction of
our business development abroad.
|