ProLogis to expand distribution facility in China for Adidas
20 Dec '05
3 min read
ProLogis is a leading provider of distribution facilities and services, with more than 2,300 facilities owned announced that it would develop a major new distribution facility in China for Adidas, one of the world's premier producer of athletic footwear, apparel and other sporting goods.
ProLogis, through a previously announced joint venture, will lease more than 646,000-square-feet (60,000 square meters) to Adidas at ProLogis Park Suzhou, located within Suzhou Industrial Park, one of the China's key manufacturing and distribution hubs. The park is 50 percent owned by ProLogis' equity joint-venture partner, Suzhou Logistics Centre Co Ltd.
The building will function as a new national distribution center for Adidas, primarily serving markets in mainland China. An existing ProLogis customer at the park, Adidas will relocate from a smaller 172,000-square-foot (16,000 square meters) facility when the new building is completed, expected in the second half of 2006. Adidas also leases approximately 500,000 square feet (46,450 square meters) of distribution space from ProLogis in the U.S. in metro Cincinnati.
"ProLogis continues to serve as an important logistics and distribution partner for Adidas in Asia and North America," said Sandrine Zerbib, President of the Greater China Area at Adidas.
"Company look forward to working with ProLogis again on the development of this new, state-of-the-art facility, which will deliver substantial efficiencies for Adidas as enhance Chinese supply-chain operations."
marketing@alchempro.com
