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NOVEMBER 2022
"In partnering with Loscam Greater China, we will expand our footprint,invest together to grow our network of operations and reduce duplication, building a truly national pallet pool. With approximately 1% of the 1.6 billion pallets in China pooled, there is an exceptional opportunity for growth which our jointly owned business can deliver to new and existing customers in this large and fastgrowing market.
“Importantly, the proposed transaction also facilitates near-term capital efficiency for Brambles. We look forward to combining our operations with Loscam Greater China and expediting the conversion of the Chinese pallet market to pooling, as supply chains in the region automate and seek to become more efficient and sustainable.”
“This is an exciting and critical development for Loscam and CHEP, said Tai Ching Nam, Loscam Greater China's Chief Executive. "While there is no impact on the independence of Loscam’s other operations, combining the scale and expertise of our respective organisations across Greater China strengthens our position for future growth in this attractive market.”