To Set Up New Logistics Park for Growing E-Commerce Demand in Digital Age
Bangkok - TICON Industrial Connection Plc.(TICON), the leading provider of smart industrial platform, which will be renamed Frasers Property (Thailand) Plc., has now actively expanded its business in line with its strategy. In the latest development, TICON and its strategic partner Sahathai Terminal Public Company Limited (Sahathai Terminal), which is Thailand’s leading provider of comprehensive port and logistics services, have signed an agreement to jointly establish Bangkok Logistics Park Company Limited for the investment, development and management of a logistics park and distribution center of over 50 rai of land with close proximity to Bangkok. The partnership seeks to respond to the needs of our alliances’ customers and entrepreneurs in e-commerce, logistics, and shipping industries. With these industries growing significantly in the digital age, TICON is confident that this business partnership will prosper solidly.
Mr. Sopon Racharaksa, President of TICON Industrial Connection Plc. (TICON), reveals that the e-commerce and shipping industries have been growing significantly which results in the increasing demand for warehouse storage and distribution center. Recognizing the trend as opportunity, TICON and Sahathai Terminal had agreed to partner in the joint venture company, Bangkok Logistics Park, with the investment ratio of 75-25. This collaboration will increase the competitiveness of both parties and enable to deliver comprehensive services that meet the needs of our customers.
"The partnership creates a new dimension of industrial property development through the powerful synergy, combining the strengths of two alliances from two different businesses. TICON will lead the development of the logistics park and warehouses that will demonstrate high building quality standards and excellent property management Sahathai Terminal, meanwhile, will provide total solutions in shipping and terminal management for the logistics park and distribution center that located near Bangkok. Upon completion of the development, the net lettable space is anticipated more than 40,000 square meters. The construction is expected to be commenced in the third quarter of 2019. This project promises to build up further successes for our existing businesses as all partners will then be able to offer the most comprehensive services and solutions to customers across industries. We are confidence that our collaboration with Sahathai Terminal will also increase Thai logistics industry’s competitiveness and efficiently drive its growth" Mr. Sopon continues.
Mrs. Sauwakun Karuchit, Chief Executive Officer of Sahathai Terminal Public Company Limited (Sahathai Terminal) says, "Our terminal has presently spanned over 315,200 square meters and consists of a container maintenance and repair facility, on site customs clearance as well as the full complement of marine terminal equipment. We are well ready to cater to customers’ different needs with modern solutions and services that are in line with international standards, and set policy to constantly develop business for rendering the most comprehensive services possible. Being partner with TICON, we trust that this collaboration will complement our business network and expansion while strengthening our competitiveness and capability to provide wider ranges of services to our customers."
