NYK Group Acquires 30 Percent Ownership of Car Logistics Company in Mexico

Left: Leon Antonio Flores Elizondo,
CEO of the CSI Group
Right: Yasumi Kudo, NYK president

NYK has acquired 30 percent ownership of the CSI (Consorcio de Servicios Internacionales S.A. de C.V.) Group, a finished-car logistics company, and begun to participate in the CSI Group's business. A signing ceremony was held at the NYK head office in Tokyo and attended by Leon Antonio Flores Elizondo, CEO of the CSI Group, and NYK president Yasumi Kudo, among others.

In Mexico, the export of finished cars is rapidly increasing, and a number of automobile companies are making plans to construct and expand plants. In addition, domestic sales are contributing to the country's strong economic performance and expected to grow in the future.

NYK will attempt to accommodate that strong demand by providing total logistics that includes inland logistics and sea transport in cooperation with the CSI Group, which is recognized for its strength in the inland logistics of finished cars.

Front row, from left:
Lorenzo R. Acierno Milchorena,
CEO of the Maritime Division of NAD Global;
Tadaaki Naito,
NYK executive vice-president corporate officer;
Leon Antonio Flores Elizondo, CEO of the CSI Group;
Yasumi Kudo, NYK president;
Luis Gerardo Flores Elozondo, director of the CSI Group;
Koichi Chikaraishi, NYK senior managing corporate officer

About the CSI Group

Established:	2005
Capital:	MXN 426,000,000 (approximately 3.4 billion yen)
Head office:	Monterrey, Mexico

Description of business:

1. Inland transport of finished cars

2. Inland terminal operation for finished cars

3. Harbor loading and unloading

4. Harbor operation

5. Added value services, such as PDI* and customs clearance

*PDI (pre-delivery inspection): Services for finished vehicles – such as final inspections, repairs, and parts application – before delivery to dealers