[photopress:pallets.jpg,full,alignright]If you want to move cargo it normally has to be on pallets. Pallets are big business. Now Brambles Industries, probably the largest player in this area, is to launch a pallet leasing business in China. Currently, Brambles leases 200m pallets for moving goods around the world.
Brambles chief executive David Turner said: ‘The Chinese opportunity is really early. We are putting a management team on the ground, we’ve got the top four or five people in place and we are talking to customers.’
The dual London and Sydney listed group generated $3.6bn from selling its waste management, material handling and logistics businesses in the last year, and notched up a 59pc gain in operating profit from its U.S. CHEP pallet-leasing unit.
Source: Daily Telegraph.