Dachser sets up second WFOE in South China

DACHSER Far East Ltd has announced the establishment of its second wholly foreign owned enterprise (WFOE) in China, under the name of Dachser Shenzhen Co. Ltd.

"It's without doubt that we are in China to stay, and setting up WFOEs for our China operations is evidence of our commitment," Edoardo Podesta, regional managing director of Dachser Far East, said in a company statement.

"Importantly, having a Class A License for our operations gives us even more flexibility than ever before to support and cater to our customers' business requirements. We are now able to freely widen our business scope to bring even more services from our head office into China than when we only had a representative office. And not to mention the big advantage we can now offer to our south China customers to be able to transact locally and in Chinese currency."

The establishment of Dachser Shenzhen in Futian District comes after the company set up its first WFOE, Dachser Shanghai Co. Ltd, in North China last year. Dachser Far East's Greater China head office is located in Hong Kong.