GLP partners with YAPP Automotive to foray into Brazilian market
Jun 29, 2017: GLP, the global provider of modern logistics facilities, has signed a new lease agreement for 11,000 sqm with YAPP Automotive Systems (YAPP) in Southern Brazil. YAPP is a leading Chinese state-owned auto parts manufacturer which supplies automotive parts to car manufacturers globally. The customer leases with GLP in China and has chosen to partner with GLP for its business expansion into Brazil.
Jiang Lin, Vice President of YAPP, said, “GLP understands our business. They have a portfolio of premium locations in key markets globally and their strong global network helps us drive value and enhance efficiency. GLP’s global team was very supportive in helping us expand into Brazil seamlessly and we are very pleased to strengthen our partnership in a new market.”
Stephen Schutte, Chief Operating Officer of GLP said, “We are pleased to strengthen our collaboration with YAPP and support their business expansion in a new market. GLP’s size and scale generates a “Network Effect” enabling customers to expand and optimize their distribution network in the best warehouse locations. Approximately 70 per cent of our leasing is driven by existing customers and we look forward to leveraging our market-leading global network to grow with our customers.”