The Rhenus Group, a German logistics provider, has announced a $20 million investment to enhance its operations in the Philippines, emphasizing the country’s significance in Asia-Pacific supply chains. This expansion includes a new head office in Pasay, which unifies various Rhenus divisions, and a 20,000 sqm warehouse set to be completed by 2026, designed to accommodate diverse products. The company aims to strengthen its market position and support customer growth, anticipating the freight and logistics market in the Philippines will increase significantly by 2030.

Source: https://www.stattimes.com/latest-news/rhenus-invests-20m-to-expand-freight-and-warehousing-in-philippines-1356446