FGV to venture into container haulage business


FGV group chief executive officer Datuk Nazrul Mansor said the logistics sector has been a strong contributor to the group’s financial performance due to improved handling and transport rates, as well as higher throughput volume for the transport and storage businesses over the past year.

PETALING JAYA: FGV Holdings Bhd, through its logistics arm and subsidiary FGV Transport Services Sdn Bhd (FTSSB), will be venturing into the container haulage business after buying 41 units of prime movers with low emissions specification engines.

In a statement yesterday, the group said out of the 41 units of prime movers, 15 units would be used for container haulage while the remaining 26 units for heavy-duty cargo transportation.

“The trucks are assembled locally in Serendah, Selangor by MAN Truck and Bus (M) Sdn Bhd (MAN Malaysia), a wholly owned subsidiary of MAN Truck and Bus SE of Germany,” it said.

“The latest 41-unit deal is the second open tender win by MAN Malaysia from FTSSB, following the earlier acquisition of 44 units of the previous generation of MAN trucks in 2021,” it added.

The new MAN trucks for the FTSSB fleet come with the latest technologies such as MAN telematics and advanced driver assistance systems that include driver’s airbag, lane departure warning system and advanced braking system.

FGV said that it had received the first 15 units of the new trucks at FTSSB’s logistics hub in Shah Alam.

FGV group chief executive officer Datuk Nazrul Mansor said the logistics sector has been a strong contributor to the group’s financial performance due to improved handling and transport rates, as well as higher throughput volume for the transport and storage businesses over the past year.

“This investment in a new generation of technologically advanced, fuel-efficient and low emission trucks will enable FGV to pursue opportunities in the sector and uphold our pledge to reduce greenhouse gas emissions as part of our commitment to sustainable business practices.

“We are satisfied with the performance and reliability of the current batch of MAN trucks in our fleet.

“We are confident that the new trucks would play a key role in efforts to reduce carbon footprint, as one of the focus areas under the ‘protecting the environment pillar’ of our group’s sustainability framework,” Nazrul added.

Meanwhile, MAN Malaysia managing director Andrew O’Brooks pointed out that the new MAN trucks, which come with Euro V engines, would help the group achieve both business profitability and environmental responsibility.

“The new MAN trucks lead the way in driver orientation, fuel efficiency, assistance systems, digital networking and, above all, sustainability,” he said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Hong Kong's Q4 GDP down 4.2% y/y, 4th quarter of contraction
Wellous appoints Lee Koon Tan as group president
Oil rises as slowing U.S. inflation eases recession concerns
Gold flat as traders focus on Fed decision
SK Hynix warns chip downturn to worsen in Q1, posts record quarterly loss
Asian currencies muted, stocks rise ahead of Fed meeting
Asia's factory activity contracts despite China's COVID reopening
Adani Group stocks rout deepens to US$72bil despite share sale completion
Stocks firm, dollar on edge ahead of Fed decision
Malaysia's manufacturing PMI slows again in January 2023

Others Also Read