DHLGY Deutsche Post AG (PK)

By Pierre Bertrand

Deutsche Post's DHL Supply Chain will invest 350 million euros ($369.7 million) in Southeast Asia in a bid to boost its customers' supply chains.

Deutsche Post said that DHL Supply Chain will build 400,000 square meters of warehouse space across the region and plans to create, by 2024, more than 3,000 jobs to meet growing demand.

The funds will be invested over the next five years and are part of a number of strategic investments announced over the year, so far adding up to EUR1.35 billion, it said.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

October 17, 2023 03:37 ET (07:37 GMT)

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