PETALING JAYA: PTT Synergy Group Bhd
has allocated RM2.3bil in capital expenditure (capex) over the next two years for its automated warehouse business, which will cover the development of four new automated warehouses.
PTT Synergy, whose business activities include construction as well as warehouse solutions and distribution centres, is strengthening its offerings by providing high-tech total intralogistics and industrial solutions.
Group managing director Teo Swee Phin said the company had 15 automated warehouse projects in the pipeline in Malaysia and aims to increase the contribution from the new robotics segment going forward.
“We have a building storage capacity of 600,000 pallets, which translates into six million sq ft of warehouse facilities.
“Our goal is to increase this to two million pallets within the next three to five years,” he told reporters after the grand opening of the company’s first smart logistics facility, PTT Logistics Hub 1 in Sungai Buloh.
PTT Logistics Hub 1, built on a 2.63-ha site with a gross development value of RM180mil, features 168,000 sq ft of warehouse space and an additional 90,000 sq ft dedicated to operations.
It can accommodate about 31,000 pallet positions. Currently the facility has an occupancy rate of around 70% and is expected to reach full occupancy within the next two months. He explained that PTT Synergy had three core segments, namely, construction, real estate and the upcoming robotics segment.
The robotics segment, which comprises the automated warehouses, is expected to take about three years to develop, with the goal of matching the income currently generated by the construction business.
“At present, our real estate segment is catching up rapidly and has already surpassed the construction segment in terms of profitability.
“While our construction division typically generates about RM24mil annually, the real estate segment is projected to generate RM50mil per year and targeted to reach RM100mil in the near future,” he said. —Bernama
