Atlanta-Based Axis Expands in Brazilian Automotive Market
9 February 1998
Atlanta-Based Axis Expands in Brazilian Automotive MarketATLANTA, Feb. 9 -- Axis Group, Inc. (Axis), the wholly owned subsidiary of Atlanta-based Allied Holdings, Inc. has announced that its Brazilian subsidiary Axis do Brasil, a joint venture with Coimex Trading Company of Vitoria, Brazil, concluded negotiations by which Axis do Brasil will be an equity partner in a newly formed Brazilian firm Axis Sinimbu Logistica Automotiva (ASL). ASL will be a provider of supply chain logistics services for the automotive industry in the Mercosur market area. ASL was formed by combining the resources of three existing companies with annual revenues of $145 million. Axis Group, Inc. provides logistics solutions to the automotive market. The Axis Group identifies new and innovative methods of distribution as well as better uses of traditional and emerging technologies to help customers solve the most complex transportation, inventory management and logistics problems. Axis is the global logistics services arm of the Allied Holdings, Inc., family of companies which specialize in distribution and logistics services for the automotive industry. The company is headquartered at 160 Clairemont Ave., Decatur, GA 30030; 404-370-0110. SOURCE Axis Group, Inc.