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Pin to quick picksGx Cleantech Share News (CTEK)

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China Chaintek Leases Distribution Centre In Changsha, Hunan Province

Tue, 09th Jun 2015 08:52

LONDON (Alliance News) - China Chaintek United Co Ltd said Tuesday it has agreed to lease a regional distribution centre in Changsha, the capital of the Hunan province in south-central China.

The Chinese consumer goods manufacturer said the new distribution centre will further progress its aim of become a "national logistics company". A number of shoe and apparel companies are considering relocating their manufacturing operations to cheaper regions inland, Chaintek said, and as a result it is making sure it can provide for its customers in these more centrally located regions.

The 13,500 square metre distribution centre will initially be used to service Guangzhou ShengYu Footwear Ltd, which has signed a two-year warehouse service contract with Chaintek.

Shares in China Chaintek are trading up 4.6% at 34.00 pence Tuesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

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29 Apr 2014 13:01

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7 Apr 2014 12:43

UPDATE: China Chaintek Profit Rises In 2013 As It Builds New Logistics Park

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7 Apr 2014 09:45

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7 Apr 2014 08:57

China Chaintek Profit Rises In 2013 As It Builds New Logistics Park

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10 Feb 2014 10:45

China Chaintek Expects Full-Year Pretax Profit Over 10% Ahead Of 2012

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10 Feb 2014 07:59

Chaintek traded ahead of expectations in 2013

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27 Dec 2013 07:45

China Chaintek Makes Final Payment For Land For New Logistics Park

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7 Nov 2013 13:35

China Chaintek launches maiden dividend

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7 Nov 2013 12:42

Thursday broker round-up

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Tuesday broker round-up UPDATE

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