SHANDONG Hi-Speed Group Co. Ltd. has signed an agreement to establish Shandong Hi-Speed Logistics Group in the economic and technological development zone.

The first-stage investment will be 2 billion yuan and the second is expected to reach 5 billion yuan.

The logistics group has inked cooperative agreements on four strategic projects covering auto part purchasing and logistics, yacht trade, logistics trading and supply chain financing.

The logistics group is expected to see its total assets surpass 20 billion yuan by 2015 and sales income reach more than 30 billion yuan, of which over 23 billion yuan will be from the logistics business.

Seeing a cluster of logistics enterprises, the development zone has made it one of its five new development strategies to pursue the integrated development of logistics, trade and finance.

(Li Hao, Li Xiaohan)