Harrisons Holdings (M) Bhd will partner with Nippon Express (M) Sdn Bhd (NEM) to jointly provide supply chain and logistics services with the aim of expanding its presence abroad. Under the Memorandum of Understanding (MoU), both companies will explore new businesses with strategic partners to develop the services.
Harrisons, as a marketing and logistics company, intends to develop and expand its businesses locally and abroad and will leverage on NEM’s position as an international logistics service provider, its exchange filing yesterday noted. NEM is part of Japan-based Nippon Express Group which operates in markets in America, Europe, Africa, Asia and Oceania and will serve as a one-stop logistics solutions partner under the arrangement.
The MoU will remain in force for 12 months with either party able to terminate the agreement by providing 60-days advance notice and extend or renew the MoU by way of consensus.