HONG KONG, December 19, 2016 /PRNewswire/ --
- FSG aligning its corporate strategy to capitalize on China's One Belt, One Road development initiative
- New outpost announced in Yunnan and further post planned for Xinjiang
- FSG is expanding its global security services to meet increasing requests from customers for total solutions
Frontier Services Group Limited (FSG or the Company) (SEHK: 00500), is adjusting its corporate strategy to better capitalize on the opportunities available from China's One Belt, One Road (OBOR) development initiative. The updated strategic focus will enable FSG to offer its customers improved access to the challenging markets surrounding China's borders.
FSG, founded by Erik Prince and Hong Kong entrepreneur Mr. Johnson Ko, helps businesses operating in frontier markets overcome complex security, logistics and operational challenges.
Erik Prince, the Executive Chairman of FSG said, "We help businesses in frontier markets overcome the unique logistics challenges they face. Our specialty is addressing these challenges in regions, some high-risk, where developed infrastructure simply doesn't exist. By aligning ourselves closely to China's One Belt One Road development strategy we will be well placed to offer our customers world class service where they are increasingly in demand."
From its inception, FSG has been focused on helping its customers operate more securely and efficiently in frontier markets. OBOR focuses on connectivity, development and cooperation among countries situated primarily between the People's Republic of China and Eurasia. FSG is positioning itself to better serve its customers in these rapidly developing markets by building new operational bases in the region, establishing a China based logistics team and developing strategic partnerships with local operators.
To ensure it remains close to its customers, FSG will be opening a forward operating base in China's Yunnan province. This will allow FSG to be able to better serve companies in Myanmar, Thailand, Laos and Cambodia. Subsequently, FSG will be opening a forward operating base in Xinjiang Uyghur Autonomous Region to serve businesses in the surrounding countries. These bases will provide training, communications, risk mitigation, risk assessments, information gathering, medevac and joint operations centers that coordinate security, logistics and aviation services.
In addition, FSG is building a project logistics team in China to understand the challenges and needs of our clients working on projects along OBOR. The multidisciplinary team will be able to create solutions for clients across sea, air and land, enabling FSG to better deliver services across new frontier markets.
Finally, FSG is partnering with leading firms in China to bring customers customized insurance and aviation solutions. The unique opportunities presented by OBOR will allow FSG to utilize the strengths of its partners to create custom made products and solutions for these new markets.
Dr. Dongyi Hua, FSG CEO, commented: "FSG is that truly unique corporation - a hybrid between China and the West, bringing the best of both worlds to the benefit our international clients. One Belt, One Road provides FSG with an exciting opportunity to support firms with their secure logistics and transportation needs from Asia to Africa".
David Whittingham, FSG's head of Corporate Development and Strategy, added: "FSG is a unique company operating in an extremely dynamic and growing market. No other China-focused secure logistics company in the world has FSG's experience working in such challenging markets, moving people, goods and equipment safely and efficiently".
About Frontier Services Group Limited
Frontier Services Group Limited ("FSG") (SEHK: 00500) is a publicly listed company on the Hong Kong Stock Exchange with its headquarters in Hong Kong, China and offices in Beijing, Dubai, Nairobi, Johannesburg, and Kinshasa. FSG supports businesses operating in frontier markets overcome complex security, logistics and operational challenges. From Asia to Africa, FSG helps transport and protect your people, goods and equipment across air, sea and ground.
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SOURCE Frontier Services Group