Damco renews Kingfisher Supply Chain Management contract

Damco’s partnership with Kingfisher, Europe’s leading DIY Group, has been extended with the signing of a new contract through to mid 2014. The contract covers International Supply Chain Management for several of Kingfisher’s businesses in Europe, which include the brands B&Q and Castorama.

Damco’s continued commitment to developing with Kingfisher’s business, supporting cost reduction and stock management goals, was key in their decision to extend the current contract.

Richard Morgan, Chief Commercial Officer of Damco UK and Ireland says: We are delighted that the Kingfisher Group have decided to extend our contract through to 2014. As a business, they work in an ever more competitive market and they need to ensure that they consistently improve their supply chain to maintain competitive advantage. Damco's systems, people and expertise will be focused globally to deliver this advantage to Kingfisher and ensure that they are best positioned to win on the high street.

About Damco

Damco is one of the world’s leading third party logistics providers specialising in customised freight forwarding and supply chain solutions, offering a broad range of services to customers all over the world. The company has 10,500 employees in over 280 offices across 90 countries and representation in 120 countries in Africa, Asia, Australia, Europe, North America, Middle East, and Latin America. In 2010, the company had a net turnover of over USD 2.7 billion, managed more than 2.4 million TEU of ocean freight and supply chain management volumes and air freighted more than 75,000 tons. Damco is an independent business unit within the A.P. Moller - Maersk Group.