The exterior view of Nippon Express' Penang branch office in Solok Bayan Lepas. File pic taken in May 2012. - K.T. Goh/The Star
TOKYO: Nippon Express plans to raise 100 billion Yen in debt capital over 2 years to consolidate Japanese warehouses, install labor-saving equipment, Nikkei reported.
Nippon Express had been planning 200 billion Yen in facilities spending in 3 years through fiscal 2018 but will raise that figure to 300 billion Yen.
Nippon Express will also build transit warehouses in overseas locations, such as Thailand, Malaysia and Indonesia, Nikkei said quoting sources. - Reuters
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