LG RENEWS CONTRACT WITH TNT LOGISTICS IN ITALY

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LG Electronics, the Korean electronics giant has signed a renewal contract with TNT Logistics in Italy. TNT Logistics will continue for another three years to act as the sole logistics provider in Italy for LG. The activities include the operations of goods receiving, handling and storage, order preparation, dispatch and returns management for the entire range of products marketed by LG Electronics, which are high value products such as white goods (refrigerators and washers), TV sets, PC's, laptops, LC screens and cell phones, throughout Italy.

Since 2000 TNT Logistics Italy has been the sole logistics partner of LG Electronics Italia. TNT Logistics will assign two warehouses to the LG products: Cortemaggiore and Maddaloni.

LG Electronics Italia faces major continuous growth, for example an increase in consolidated sales of 118% compared to 2003. To be able to achieve this growth, LG strengthened its partnership with TNT Logistics, with the aim of enhancing the added value of its own logistics services for its Italian customers.

Gianfranco Sgro, Managing Director of TNT Logistics Italy said he is very pleased with this agreement. "TNT Logistics is dedicated to customer care and this renewal once more proves that our customers are happy with our solutions which help them improve their service levels. Also it confirms TNT Logistics' leadership in handling logistics requirements of major companies in high demanding markets such as consumer electronics."

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