TBT DESK: NIPPON EXPRESS HOLDINGS, Inc. is pleased to announce that through its subsidiary, Nippon Express (South Asia & Oceania) Pte Ltd, it has acquired a 20% shareholding in Cold Chain Bangladesh Limited (hereafter "CCBL"), a logistics company engaged in domestic logistics operations in Bangladesh. The acquisition took place on May 15, 2025.
The NX Group entered the Bangladesh logistics market in 2012 and has expanded the business primarily through providing international forwarding services, focusing on the apparel industry. Now, in response to growing demand for domestic logistics services and to expand its customer base in Bangladesh, the NX Group has decided to further strengthen its domestic logistics operations in the country.
CCBL, headquartered in Dhaka, Bangladesh, is a third-party logistics company specialising in domestic distribution logistics. CCBL has a nationwide logistics infrastructure with the capabilities for handling all types of goods, including those requiring temperature-controlled storage and transportation.
The NX Group's strategy is to strengthen its domestic Bangladesh logistics business by leveraging CCBL's domestic logistics network and assets, thereby capturing logistics opportunities arising from growing domestic demand. Further, by leveraging its global logistics network, including forwarding, the NX Group will provide end-to-end solutions for its customers' supply chains.
The NX Group aims to realize growth opportunities in Bangladesh at an early stage through this investment in the Bangladesh logistics market, thereby contributing to value creation for its customers and stakeholders.
Overview of CCBL
(1) Company Name: Cold Chain Bangladesh Limited
(2) Headquarters Address: Shanta Western Tower, Level-5, 501 & 502, 186, Gulshan-Tejgaon Link Road, Tejgaon I/A, Dhaka-1208
(3) Sites and Facilities:
