São Paulo, June 22, 2006 - Today, Penske Logistics announced that Samsung has contracted with the firm to manage its nationwide distribution chain of electro-electronics and cell phones in Brazil. In this role, Penske Logistics is responsible for coordinating everything from inbound receipt verification of imported products and shipments from factories located in Manaus and Campinas, Brazil, to managing highway and air transportation for retail distribution.
To serve Samsung, Penske Logistics will leverage its infrastructure, including a new 130,000 square-foot distribution center, located in Barueri, São Paulo.
"We are very pleased to add Samsung to the growing list of customers that Penske serves in Brazil," commented Gary Franz, Managing Director - Penske Logistics South America. "We look forward to lending our operational capabilities and logistics expertise to help Samsung strengthen and grow its business here in Brazil and in other markets."
About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corporation and General Electric. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international forwarding and carrier management. Visit www.penskelogistics.com to learn more about the company and its services.
About Samsung Electronics
In Brazil since 1986, Samsung is a leader in the national market for monitors and hard disks (HDD) for PCs and is one of the principal companies in the cellular telephony sector. With two industrial units located in Manaus and Campinas, Samsung also works with products in the audio and video segments, printers, all-in-ones, optic discs (ODD) and, since last October, in the white line market. In 2005, Samsung earned U.S. $1.2 billion and increased its growth by 46 percent registered in 2004 to 70 percent compared with the previous year's income. Last year the company inaugurated the Samsung Experience, the brand's first concept store in Brazil and started a soccer sponsorship for the Sport Club Corinthians Paulista.