Freja expands business in China
Freja is opening a new office in Shenzhen (China). The company already has three locations in the country, namely Shanghai, Qingdao, and Guangzhou.
With the fourth branch, Freja aims to expand its air freight, sea freight, project forwarding and e-commerce portfolio. It also expects to improve its services with the new office, especially in terms of transportation speed and range of cargo sizes.
As Freja added, the opening of the new office is a natural step in the company’s development after a slow economic recovery due to Covid-19 and years of political uncertainty.
Freja in China delivered its best financial results to date in the business year 2021/22. Revenue increased by almost 100% while EBT increased by 200% compared to 2020/21.
Despite various disruptions, all three offices in China have maintained their steady growth in both existing business segments – industrial project and air & sea freight. During the past financial year, the market has shown a strong demand in global transportation, especially from China to other parts of the world, according to Freja’s Annual Report 2021/22. (ben)