Maersk signs partnership with Kumho Tire on multi-year logistics solutions

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A.P. Moller – Maersk (Maersk) has signed a memorandum of understanding (MOU) with Kumho Tire, one of the world’s largest tire manufacturers. The signing took place last week at Kumho Tire’s Headquarter in Jongno-gu, Seoul.

The partnership seeks to combine Maersk’s expertise in global transport and logistics with Kumho Tire’s strong foothold in the automotive sector. This collaboration is poised to revolutionize Kumho Tire’s supply chain management, leveraging Maersk’s fourth-party logistics´ (4PL) visibility solution for a five-year period, along with domestic intermodal services for three years. Maersk is expected to manage more than 40,000 FFE (40-foot equivalent) volumes per year starting from 2024.

“Kumho Tire is pleased to cooperate with Maersk as a logistics partner. Through this agreement, we will continue to strive to provide services that can increase customers’ convenience and satisfaction based on a stable and efficient logistics system.”

Wan-Ju Lim, Executive Director of Kumho Tire’s Management Planning Division

Kumho Tire uses Maersk Ocean service for years, while Maersk is committed to providing integrated solutions for customers, the collaboration has now extended to the logistics domain, showcasing the mutual trust and confidence between the two companies.

The signing of this MOU is a clear testament to the dedication of both Kumho Tire and Maersk towards fostering innovation and providing customer-centric services.

Looking ahead, this partnership is set to redefine the standards of excellence in supply chain management, serving as an inspiration for similar initiatives across industries.