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Good first half for Shanghai Pudong

PRESS RELEASE

July 07, 2014: Shanghai Pudong Int'l Airport Cargo Terminal Co., Ltd. (PACTL) achieved tonnage growth of 12.36 percent year-on-year and handled 121,178 tonnes of freight in June. Overall, the cargo terminal saw tonnage rise up by 13.78 percent to a figure of 687,276 tonnes in the first half of 2014. These are the best results achieved for the month of June and the first six months of any year in the company's history.

PACTL's domestic cargo volumes grew by 2.25 percent year-on-year to 44,527 tonnes in the first half of 2014, while international cargo volumes rose by 14.68 percent to 642,749 tonnes. Imports increased by 13.61 percent to 274,758 tonnes, while exports grew by 13.90 percent to 412,518 tonnes in comparison with the previous year.

"In addition to the ongoing growth in domestic imports, we saw strong double-digit growth in our international business throughout the first half of 2014. The volume of international exports in particular continues to grow significantly. We are confident of setting a new record by the end of this year and reaching a figure of 1.4 million tonnes of air cargo for the very first time", says Lutz Grzegorz, Vice President of PACTL.

PACTL is a Sino-German joint venture based at Shanghai Pudong International Airport (PVG). It brings together three shareholders – Shanghai Airport (Group) Co., Ltd. (51%), Lufthansa Cargo AG (29%) and JHJ Logistics Management Co. Ltd. (20%). PACTL offers handling services to airlines and forwarders transporting domestic and international air-freight via Pudong. Founded in 1999, the company has become one of the leading cargo terminal handlers in the world and has played a key role in establishing Pudong as one of the major cargo hubs in China. Based on recent figures, PACTL employs 2,200 people and serves 47 permanent and several charter customers. PACTL handled about 1.3 million tonnes of air- freight in 2013.

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