A.P. Moller - Maersk signs partnership with Kumho Tire on multi-year logistics solutions
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Seoul, South Korea - A.P. Moller – Maersk (Maersk) has signed a memorandum of understanding (MOU) with Kumho Tire, one of the world's largest tire manufacturers. The signing took place last week at Kumho Tire’s Headquarter in Jongno-gu, Seoul.
The partnership seeks to combine Maersk's expertise in global transport and logistics with Kumho Tire's strong foothold in the automotive sector. This collaboration is poised to revolutionize Kumho Tire's supply chain management, leveraging Maersk's fourth-party logistics´ (4PL) visibility solution for a five-year period, along with domestic intermodal services for three years. Maersk is expected to manage more than 40,000 FFE (40-foot equivalent) volumes per year starting from 2024.
Kumho Tire is pleased to cooperate with Maersk as a logistics partner. Through this agreement, we will continue to strive to provide services that can increase customers’ convenience and satisfaction based on a stable and efficient logistics system.
The expansion of collaboration reflects Kumho Tire's recognition of our expertise in delivering end-to-end logistics solutions that cater to their evolving business needs. We constantly push boundaries and set new standards in supply chain management. This extended partnership is expected to deliver substantial benefits, not only in enhancing operational efficiency for our customers, but also in generating significant cost savings and enabling effective end-to-end stock level management through route optimization and the reduction of global supply chain bottleneck issues.
About Maersk
A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people. Maersk is aiming to reach net zero GHG emissions by 2040 across the entire business with new technologies, new vessels, and reduced GHG emissions fuels*.
*Maersk defines "reduced GHG emissions fuels" as fuels with at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil of 94 g CO2e/MJ.
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