Approximately 1,200,000 cases, mostly machines, will be received annually from Emak’s production facilities in Italy and the Far East and then stored, picked and loaded. Warehouse operations are supported by a radio frequency system with portable handhelds, thereby ensuring highest levels of picking accuracy and productivity.

“Outsourcing our warehousing activities to Kuehne + Nagel represents a decisive step to be more competitive and take on the challenge of the global markets. We need a global logistics provider since we are becoming a major player at international level. By providing us with sea- and roadfreight services in addition to the warehouse operations, Kuehne + Nagel will help us to optimise and speed up our flows management from our production sites to our distributors’ network around the world,”  commented Andrea Cosmi, Logistics Manager of Emak.

“We are delighted to have been chosen by Emak as their preferred supply chain partner," commented Paolo Guidi, Sales and Marketing Director of Kuehne + Nagel Italia srl. “Our global experience in international transport and contract logistics has allowed us to design the optimum solution for the customer’s outsourcing plans. Our ambition is to be a close partner for Emak, helping them to meet future key challenges in reinforcing their position in Europe and becoming a major player worldwide”.

Klaus-Dieter Pietsch, who has been heading Kuehne + Nagel’s global human resources for more than 20 years, will retire as of 30 June 2009 after having trans­ferred his former responsibilities to Lothar Alexander Harings.

The shareholders elected German citizen Karl Gernandt to the Board of Directors for a three-year term. Gernandt, who is entrusted with important functions in the scope of Klaus-Michael Kuehne’s responsibilities, will assume his position as Delegate of the Board of Directors effective January 1, 2009.

The Board’s proposal to pay an extraordinary dividend of CHF 2.50 per share from Kuehne + Nagel’s retained earnings was also approved. In order for the shareholders to benefit from proceeds of the sale of 20 warehouse locations concluded earlier this year, the extraordinary dividend will be paid as of December 12, 2008.

The next ordinary Annual General Meeting will take place on May 13, 2009.

Kuehne + Nagel was one of the first logistics providers to offer customers award-winning global shipment and network visibility and monitoring solutions. Simple to implement and easy to maintain, the new KN Login sets the industry standard in performance and response times, increases visibility, provides comprehensive analytical reporting, and expedites implementation of complex logistics solutions.

Thorsten Meincke, Head of Customer Solutions and Global Sales, said “Improving on KN Login gave us a unique opportunity to build a compelling set of logistics information network solutions on an already tried-and-tested system. We are excited with this development as it enables our customers to efficiently manage their supply chains through optimised transparency of daily operations.”

From the new facility in Helmond some 100 staff will provide dedicated logistics solutions and value-added warehousing services. Tim Beckmann, Director Contract Logistics for Kuehne + Nagel in the Netherlands, comments: “The new high-quality distribution centre will provide the necessary infrastructure to expand our logistics service offering and to further increase the efficiency of our operations in the Netherlands.”

For Goodman, the integrated global property group which owns, develops and manages industrial and office space globally, the agreement further expands its pan-European partnership with Kuehne + Nagel. Ruud Weij­mans, General Manager Development for Goodman in the Netherlands, explains: “Thanks to our long-term relationship with Kuehne + Nagel and the strength of our integrated business model, we have a very good under­standing of their needs and were able to respond with a high-quality ware­house solution that will enhance the efficiencies of both Kuehne + Nagel and its customers.”

About Goodman
Goodman Group (ASX: GMG) is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman International Limited and Goodman Industrial Trust, is the largest industrial property groups listed on Australian Stock Exchange and one of the largest listed specialist fund managers of industrial and business park assets globally. Further information: Eva Winnen, Public Relations Officer, phone +32 2 263 40 68, eva.winnen@goodman.com

About Kuehne + Nagel
With more than 54,000 employees at 850 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based supply chain management services. In the Netherlands, Kuehne + Nagel employs 1,500 staff at 15 locations.

“We are honoured to receive this prestigious title. To effectively support our customers in meeting their day-to-day logistics challenges, we will continue to invest in our warehousing, distribution and lead logistics capabilities. We will also further enhance our portfolio of services through innovative product development and process optimisation,” commented Andy Weber, Managing Director of Kuehne + Nagel (Asia Pacific) Management Ltd.

Organised by Supply Chain Asia magazine, one of the leading logistics and supply chain publications, the annual awards ceremony aims to acknowledge leaders in Asia’s logistics and supply chain arena. Finalists in the 18 categories are chosen by an audited ballot of the readership of Supply Chain Asia Magazine and its internet portal. An independent panel of judges then selects the winners.

Kuehne + Nagel’s North West European organisation is headquartered in Uxbridge, United Kingdom, and spans around 150 locations in six countries including Denmark, Finland, Ireland, Norway, Sweden and the United Kingdom. The total workforce is around 12,000 employees.

“Following the early development of our activities in Eastern Europe in
the 1990s, we have been able to continually expand our services and enlarge our customer base in Poland,” commented Bob Mihok, Regional Manager Eastern Europe. “We are convinced that under Tobias Jerschke’s leadership our future growth in Poland will accelerate and that our network and service portfolio will be further complemented.“

Tobias Jerschke started his career with Kuehne + Nagel at the head office in Schindellegi, Switzerland, in 1998. After several years in the central Corporate Development department, which he headed as Vice President since 2001, Tobias Jerschke was appointed National Manager in France in 2005 and subsequently Director for Sales & Marketing in the South West Europe region in 2006.

About Kuehne + Nagel
With more than 54 000 employees in 850 locations is over 100 countries, the Kuehne + Nagel Groups is one of the world’s leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with clear focus on providing IT-based supply chain management and lead logistics services.

The solution involved providing Argos’ thirteen UK distribution centres with full visibility of inventory in the Far East, enabling them to select the required stock, consolidate it in to containers across multiple suppliers and dispatch these directly to the appropriate distribution centres. As a result of the partnership, Argos’ storage costs to support its three main Argos Direct sites were reduced by over 50% per cubic metre.  Furthermore, UK delivery costs were reduced through moving goods directly from port to distribution centres, eliminating import handling and facilitating a single standard for quality checks, while the BLP provides suppliers with the same VAT reclaim terms.

Nabil Awan, Air Export Rates Supervisor, received the Student of the Year award for the CILT Level 3 Certificate in Logistics and Transport 2007.

Dorothea Carvalho, Director of Professional Development at the Chartered Institute of Logistics and Transport, explained why Nabil won: “A panel of experts judged the work of the students and looked at the trainers’ feedback on the candidate, and Nabil demonstrated a standard of competence in his work that was consistently outstanding.”

Peter Ulber, Chief Executive of Kuehne + Nagel North West Europe commented, “We are honoured that the CILT has recognised Kuehne + Nagel’s achievements this year for the innovative and value adding solution provided to Argos as well as our investment in people. We are strongly committed to developing the careers of our employees and will continue to work very closely with the CILT in this regard.”

Note to Editors
At the same event, Homebase – like Argos, owned by Home Retail Group – celebrated taking home the Supply Chain Integration Award for the third consecutive year.  Please visit
http://www.homeretailgroup.com/home/media/hrg/corpnews/2008/2008-11-11/ for further details.

About Kuehne + Nagel
With over 54,000 employees at 850 locations in over 100 countries, the Kuehne + Nagel Group is one of the world’s leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based supply chain management services. The Kuehne + Nagel UK and Ireland organisation operates around 100 locations with over 10,000 employees.

About Home Retail Group
Home Retail Group is the UK’s leading home and general merchandise retailer with sales of £6 billion in the last financial year. It sells products under two distinctive and complementary retail brands, Argos and Homebase. The Group employs some 53,000 people across the business.
Argos is a unique retailer recognised for choice, value and convenience. It sells around 18,500 general merchandise products for the home through its network of over 700 stores, online and over the phone. Argos’ Internet site, www.argos.co.uk, was the most visited high street retailer online in the UK in 2007.
Homebase is the UK’s second largest home improvement retailer and is recognised for choice, style and customer service across the wider home enhancement market. It has more than 300 large, out-of-town stores, which sell over 30,000 products, as well as a growing Internet offering at www.homebase.co.uk.
Argos and Homebase are supported by an in-house financial services business, Financial Services, which provides a range of credit and insurance products to their customers through all customer-facing channels of stores, online and over the phone. Financial Services is one of the largest store card providers in the UK, having over one million active store card customers.
For more information contact Media Relations, phone: 0845 120 4365, mobile: 0771 3064079, e-mail: media.relations@homeretailgroup.com

“Thanks to the new partnership with Kuehne + Nagel we are now able to take full control of the import and sale of our products across Russia, leveraging the high quality logistics expertise and local know-how of Kuehne + Nagel,” says Dimitri Khromov , CFO at Kärcher Moscow. “In particular, Kuehne + Nagel has shown great flexibility with regard to accommodating the dramatic increase in sales volumes we are seeing in Russia.”

Perry Neumann, Kuehne + Nagel’s Managing Director for Russia added, “We are proud to have been selected by Kärcher as their logistics provider of choice for the dynamic Russian market. We are driving the expansion of our logistics network across the country and anticipate accompanying Kärcher and other major global companies further into Russia.”

EDI interfaces have been implemented between the two companies’ IT systems ensuring the seamless day-to-day running of the business.

About Kärcher
Kärcher employs 6,591 men and women in 41 countries. The family-owned company is the world's largest manufacturer of cleaning equipment. More than 500 engineers and technicians work on developing and designing innovative products. Seamless parts and service support all over the world is guaranteed by 40,000 service points in more than 190 countries.

About Kuehne + Nagel
With over 54,000 employees at 850 locations in more than 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses with a clear focus on providing IT-based lead logistics solutions.

Further information can be found on www.kuehne-nagel.com.