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...The narrative has indeed changed, landing at Chep Lap Kok may not be as exciting as the old Kai Tak airport, but driving across the Hong Kong-Zhuhai-Macau Bridge, the world’s longest sea crossing connecting...
...It used a drone to discover that a recycling company was hiding a huge mound of Chep crates behind walls of cheaper white models....
...The credit-rating agency said Brambles’ rating remained ‘‘on a stable footing’’ at BBB+, reflecting the underlying strength of the company’s CHEP pallet business....
...Loscam has a market share in Australia of about 25 per cent – compared with the 75 per cent share held by Chep, a subsidiary of Brambles....
...The 53-year-old Mr Ihlein plans to retire and will be replaced by Tom Gorman, president of the group’s European CHEP pallet division....
...CHEP, a logistics-services provider, captures data on a significant portion of the transportation volume of the fastest-moving consumer goods and is now building a transportation-management business to take...
...“We told Chep this five years ago, and they said ‘no’.”...
...The architect’s most recent high-profile project was the Beijing airport terminal, but it has also been responsible for the new Wembley Stadium, London’s Millennium Bridge and Chep Lap Kok airport in Hong...
...Chep manages the picking up and sorting of pallets at many of the retailer’s locations in the US....
...Chep, the leading UK provider of pooled pallets, sends vehicles to Asda’s distribution sites to pick up left-over empty pallets and redistribute them for use among other customers....
...He said Brambles had won clients in the US for Recall, a document storage business, and its Chep Americas pallet business, which had increased profits at a much higher rate than Chep operations in Europe...
...We are their largest customer in Australia of Chep pallets and we are keen to work with them in Asia.”...
...CHEP’s profits rose 21 per cent to $385.2m as revenues grew 8 per cent. Revenues from Recall rose 17 per cent....
...Brambles Industries, the Chep pallet group, was marked 2.8 per cent higher at 474¼p after courts in Australia and the UK approved plans for the unification of its dual listed capital structure....
...With CHEP restored to health, Mr Turner is tackling the rest of Brambles’ bothersome legacy from the deal that formed it in 2001....
...Brambles is switches its focus to its premium growth businesses - the profitable CHEP pallet division and the Recall document management business....
...It will focus instead on its profitable CHEP pallet division and Recall document management business....
...CHEP, the group’s pallet pooling and logistics arm which accounts for nearly two-thirds of business, reported a 10 per cent rise in US sales, whereas European sales grew at half that rate....
...But he said underpinning the results was a strong recovery at Chep....
...Sales in Chep Europe rose 6 per cent over the same period. The industrial services business and regional businesses are forecast to have solid profits....
..."There was increasingly an overlap between the functions of Brambles, the corporation, and the functions of the Chep global offices....
...Furthermore, his forecast that margins on earnings before interest, tax and amortization at Bambles’s CHEP Europe unit would be 25 per cent, 10 per cent ahead of the consensus for full-year 2005....
...Numbers from its Chep industrial pallet business, particularly impressed analysts. Morgan Stanley reiterated its “overweight” recommendation....
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