Hyundai Glovis Enters Kazakhstan Market... Signs 7-Year Contract with Local Beverage Company

Signed Transportation Contract with 'RG Brands,' the Second Largest Local Beverage Market Player

[Asia Economy Reporter Yu Je-hoon] Hyundai Glovis is establishing a new branch in Kazakhstan and is set to make a full-scale market entry.

Hyundai Glovis announced on the 6th that it has signed a seven-year transportation business contract with RG Brands, a beverage manufacturing and sales company in Kazakhstan. RG Brands is the second-largest local beverage company handling bottled water, tea, carbonated drinks, and produces approximately 750 million liters of beverages annually, including Asu, known as Kazakhstan's national bottled water.

Through this contract, Hyundai Glovis will operate transportation services in major cities such as Nur-Sultan and Almaty. The main task is to load products at RG Brands' logistics centers and deliver them quickly and accurately to wholesale and retail stores within the city.

This entry by Hyundai Glovis is the first result of its own 'Global Pioneer' project. Early last year, Hyundai Glovis dispatched the Global Pioneer, a vanguard team for pioneering emerging logistics markets, to key emerging countries including Kazakhstan.

Hyundai Glovis plans to expand its local business in the future. Starting next year, it will significantly increase the delivery cities related to RG Brands and further broaden collaboration with RG Brands through smart logistics technologies such as cold chain (refrigerated and frozen logistics), eco-friendly commercial trucks, and last-mile delivery. This will also lead to expanding transactions with local companies.

Hyundai Glovis is paying close attention to this cooperation as Kazakhstan's economy is rapidly growing, accounting for 53% of the GDP of the five Central Asian countries. Kazakhstan also has a large consumer market potential, with 58% of its total population aged between 16 and 62.

Hyundai Glovis stated, "We will leverage Kazakhstan's geographical advantage connecting Asia and Europe to accelerate pioneering neighboring emerging markets," and added, "We will continue to dispatch excellent personnel to unexplored logistics markets and seek new business opportunities."

This content was produced with the assistance of AI translation services.