Swift Group invests in PKFZ


From left: Port Klang Free Zone (PKFZ) CEO Loh Chee Can, PKFZ chairman Datuk IR. Lawrence Low, PKA assistant general manager Azura Muhamad and Swift Group executive director Loo Yong Hui.

PETALING JAYA: One-stop logistics solutions provider Swift Haulage Sdn Bhd (Swift Group) is investing RM30mil in a 175,000 sq ft green technology, state-of-the-art facility in the Port Klang Free Zone (PKFZ).

In a statement, Swift Group said it had leased seven acres of PKFZ’s last available industrial land.

“The lease will be for 30 years with investment cost of RM70mil, ” it said, adding that the warehouse would become a regional distribution hub and storage facility for medical devices and fast-moving consumer goods.

Swift Group said the facility would incorporate energy-efficient features including solar power and day-lighting to optimise energy saving, water-efficient features such as rain water harvesting, water-efficient landscaping, metering, leak detection and effective delivery of fresh air.

“The warehouse will serve as a one-stop centre for freight forwarding of imports and exports, haulage, storage, local distribution and value-added services, particularly for the distribution and storage of medical devices from multi-national companies.”

PKFZ chairman Datuk Lawrence Low said the addition of Swift Group is a reflection of the continuing success of PKFZ.

“We aspire to take PKFZ to the next level by leveraging on our inherent advantages of a strategic location and most importantly, its competitiveness, ” he said in the statement.

With the last seven acres leased to Swift Group, PKFZ chief executive officer Loh Chee Can said the 640 acres of open land for lease in PKFZ has been fully taken up.

“PKFZ has become a sought-after location for companies, especially for importers and exporters due to the advantages derived from its integrated free zone status that facilitates manufacturing, trading and logistics activities.”

Meanwhile, Swift Group group executive director Loo Yong Hui said he is excited to develop the land and to contribute to an increase in traffic flow into PKFZ with the distribution hub.

“We look forward to this development and strive to constantly add value to our customers, ” he said.

Established in February 2011, Swift Group is one of the top three biggest logistics services providers in Malaysia.

It has a full spectrum of logistics services that include freight forwarding and shipping, haulage, warehousing, cross border transportation, inland distribution, project logistics, sales, services, spare parts and container depot services.

Swift Group manages over 2.5 million sq ft of warehouse space nationwide, of which 845,000 sq ft are the group’s own assets.

Meanwhile, PKFZ is an integrated 1,000-acre free commercial and industrial zone providing facilities for international cargo distribution and consolidation centre. PKFZ is situated in Port Klang, adjacent to port.

According to its website, it is the world’s 12th ranked port in 2017 in terms of throughput volume.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

PKFZ , Swift Group , Lawrence Low , distribution hub ,

   

Did you find this article insightful?

Yes
No

Next In Business News

Morgan Stanley CEO's annual pay rises by over 20%
‘Unstoppable’ luxury stocks remind some investors of US tech
Ambani’s Reliance doubles down on 5G pledge after record profit
PUNB offers payment deferment, rental discount
CPO futures may undergo technical correction next week
Blackstone-backed Patria eyes expansion in Latam, Asia
METALS: Tin, aluminium, copper prices down
Oil price falls on China's COVID-19 cases, high crude build
IBM, Intel slump weighs on Wall St as coronavirus concerns rise
GLOBAL MARKETS-Weak data, earnings drag stocks lower

Stories You'll Enjoy