Lufthansa Cargo will expand its foothold in China with a joint venture with Hua Yu Air Cargo Terminal Co. at Tianjin Binhai. A new 90,000-sq.-m. air cargo center is expected to become operational this year and will offer the capacity to handle 360,000 tons of cargo annually. LHC will own a 46% stake in HYACT while Taiwanese investor Hwa-Hsia International Holding will hold 49% and Tianjin Airport International Logistics will have the remaining 5%. Tianjin's growing importance as a Chinese ...

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