Dongwon acquired new port logistics company BIDC in Busan

The Dongwon Group plans to expand its logistics activities following the Dongbu Express acquisition in 2017. Dongwon Industries has signed a contract to acquire 51.04% of BIDC's capital held by Dysek for $ 37 billion. won.

EBID is a logistics company located in the new port of Busan, with a turnover of 70.6 billion KRW and an operating profit of 6 billion KRW from 2017. The main activity of Shipping and logistics center is the largest batch (about 42,200 pyeong) and the logistics center (about 20,500 pyeong) are operated in the logistics complex downstream of the new port of Busan. The main customers are Daewoo Shipbuilding & Marine Engineering, Amway and DSC.

Dongwon Industries expects a synergy between its logistics divisions through the acquisition of BIDC. Dongbu Express, which is a subsidiary, operates the unloading activity in Busan New Port, as well as a logistics center in Busan New Port. If the infrastructure of the BIDC Shipping and Logistics Center is added, management effectiveness will be enhanced through the synergy of logistics service capabilities.

Kim Si-oh, Editor-in-Chief, [email protected]

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