The joint venture will see Menzies manage and operate a new cargo terminal at Guangzhou Baiyun International airport in China, one of the world’s busiest airports, on behalf of the shareholders of JFreight. This investment creates a strong platform for Menzies in this attractive growth market and represents a useful opportunity in line with the company’s strategic objectives of optimising its portfolio, with a greater focus on cargo and expanding its geographical footprint into new markets.
JFreight is experienced in artificial intelligence and robotics and has used its technical skills to create a smart terminal with an electronic interaction point with Chinese customs. The terminal has capacity to handle 120,000 tonnes annually. It is envisaged that Menzies’ initial focus will be on the handling of product related to the fast growing Chinese e-commerce market, with the potential to expand into more general air cargo handling for airlines in the future.
