Strategic Cooperation Agreement between Reitar and COFCO Group’s Hua Shan International Engineering
- February 6, 2024
On Last Monday (1/29), Reitar Logtech Group and Hua Shan International Engineering Co., Ltd (COFCO Hua Shan), a subsidiary of COFCO Group, signed a strategic cooperation agreement.
Reitar brings extensive knowledge in logistics operations and supply chain management, while COFCO Hua Shan specializes in refrigeration equipment sales and inspection. In this collaboration, both companies will fully leverage their strengths to develop and construct intelligent cold chain logistics projects jointly.
Benefiting from COFCO Hua Shan’s expertise in refrigeration equipment, Reitar’s smart logistics ecosystem will be further enhanced in terms of technology and operational efficiency.
The group is committed to driving end-to-end asset management through intelligent technology and innovative applications. This collaboration with COFCO Hua Shan will bring the group additional resources and cooperation opportunities, further enhancing its core competitiveness and market position.
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- Greater Bay Alliance
Asset partners comprise capital investors and real estate providers with financial resources and physical logistics properties such as warehouses, logistics centers, and distribution centers. Both parties are driven by achieving long-term stable returns and asset appreciation, but they may need more experience in operating logistics assets.
With the increasing demand for online shopping, the logistics industry faces significant challenges and opportunities. To meet the growing needs, logistics operators must invest substantial funds in acquiring new logistics equipment, such as automation, intelligence, and digitization, to enhance operational efficiency and service levels. However, such investments can be a significant burden for many logistics operators.
Logistics technology solution providers such as Lonlink Smart Storage Solution, CoEvolution Technology and logistics facilities partners contribute significantly to the smart logistics ecosystem.
The PLT platform brings together assets and logistics technology (PLT), using assets as the core facilitated by technology. Reitar partners with SmartMore Logtech to utilize innovative logistics technology, "LogiBrains" operating an extensive logistics network.