The international courier company, DHL Express, increased its Mexico investment from 125 million to 160 million. It is said that this move was influenced by the foreseeable economic growth of the said country in the coming years. This in turn, will double the company’s investment. They announced that the investment will be part of the company’s 2010 – 2015 expansion plan.
The news was announced by the CEO of the company, Antonio Arranz. According to Arranz, the additional investment will be used to fund building and renovating infrastructures that will help boost tourism in Mexico. The improvements in aesthetics as well as upgrading airport equipment make it to the top of the list of priorities.
“We went from $125 to $160 million US dollars, because we exceeded expectations and we expect to grow at double digits every year,” he explained at a press conference after the inauguration of the new Clearing Land Operations.
Additionally, he said that the investment will also fund their plan to add more units to their vehicle fleet in Mexico. Their goal is to reach 280 delivery vehicle units by the end of the year.
Stephe Fenwick, the CEO of DHL Express Americas, also explained that the increase the company’s investment of resources is also because Mexico is a strategic country in Latin America. That he said, makes it “far more important now than it was 10 years ago.”
DHL has also invested €3 million in civil protection for packets and $100 million US dollars annually in equipment, guards, and other security systems. This is to make sure that all of their shipment in Mexico is protected. These investments have decreased the company’s loss due to theft by up to 40%.