Xin Hwa sees surging storage demand

“We continue to be in discussions with potential tenants and we expect the utilisation rate to pick up strongly in the next 12 months, based on the enquiries we have right now.” - Kok Poh Fui

PETALING JAYA: With the impending commencement of its new e-fulfillment centre in Shah Alam, Xin Hwa Holdings Bhd aims to ride on the boom of warehousing space and recovery in the logistics sector.

Towards this end, the integrated logistics services provider expects contribution from its warehousing business to increase from 10% of the group’s revenue currently to 30% in the next two to three years.