Swift Haulage said it intends to expand and diversify its current portfolio by unlocking a new revenue stream in the cold-chain services.
PETALING JAYA: Swift Haulage Bhd
has formed a joint venture with JWD Asia Holding Pte Ltd with a proposed name of Swift Cold Chain Sdn Bhd to operate a cold chain (temperature control) warehouse and transport business in Peninsular Malaysia.
JWD Asia is a major shareholder in Swift Haulage, with 180 million shares or 20.49% direct interest in the company.
Swift Haulage said in a stock exchange filing it intends to expand and diversify its current portfolio by unlocking a new revenue stream in the cold-chain services.
The group aims to capitalise on its experience in the logistic sector to deliver reliable and cost-effective temperature-controlled solutions.
“The partnership with JWD Asia will provide the joint venture with ready knowledge and expertise in cold-chain logistics through JWD Asia’s parent company, SCGJWD Logistics Public Co Ltd,” the company said.
