DHL Supply Chain unveils â‚¬90m Singapore facility
DHL Supply Chain has its unveiled its latest investment in Southeast Asia at a ground breaking ceremony at Singapore’s Tampines LogisPark.
June 1, 2014
DHL Supply Chain has its unveiled its latest investment in Southeast Asia at a ground breaking ceremony at Singapore’s Tampines LogisPark. DHL unveiled the blueprint of its new integrated build-to-suit (BTS) logistics warehouse facility worth more than €90 million. The DHL Supply Chain Advanced Regional Centre is a combined investment of approximately € 23 million from DHL and over €70 million from Cache Logistics Trust, the appointed logistics real estate solutions provider.
The company said the investment will further enhance DHL Supply Chain’s market leadership across key aerospace, healthcare and technology industries, and grow its business in the region’s emerging markets.
The investment in the DHL Supply Chain Advanced Regional Centre will increase DHL’s warehouse capacity in Singapore by 40 per cent and will enable its regional customers in the aerospace, healthcare and technology sectors to benefit from the advanced technology and automation solutions.
The Centre forms part of DHL’s growth strategy for the South East Asia region, where the company plans to expand its capacity by 50 per cent from 2015 to 2018 in anticipation of the region’s increasing market opportunities. The company’s investments will focus on building new facilities, advancing IT solutions, expanding transportation and bolstering staff strength and training.