Global Logistic Properties (GLP) has signed a strategic partnership framework agreement with Unicharm, a Japan-based leading manufacturer.
The agreement outlines a strategic partnership in the development of logistics facilities for manufacturing bases of Unicharm in China.
It starts with a Build-to-Suit (BTS) development agreement with Unicharm and Tianjin Xiqing Economic Development Area (XEDA), to develop Unicharm’s largest manufacturing and distribution facility in north China.
Unicharm is a leading manufacturer of baby care, feminine care and health care products, with operations in Asia, Europe and the Middle East.
GLP will partner Unicharm in the site selection, project planning and development of its manufacturing and distribution centres in China.
The strategic cooperation places GLP as Unicharm’s preferred partner for subsequent projects, which will include potential development opportunities throughout China.
As the fourth Unicharm factory in China, the project is located in the newly-established GLP Park Pujia in Tianjin XEDA, an established manufacturing base which houses more than 19 Fortune 500 companies including P&G, Freescale, Toyota, Samsung, Honda and Henkel.
GLP will develop the project consisting of three single-floor logistics facilities with a total gross floor area of approximately 53,000 square metres to support Unicharm’s distribution activities.
It is the third project that GLP has developed in Tianjin XEDA.
Prior to GLP Park Pujia, the company established GLP Park Xiqing with a total net leasable area of about 73,100 square metres.
Currently, the Phase I of GLP Park Xiqing with over 40,700 square metres is 100 per cent leased to customers, including Samsung Logistics and Sankyu; while the construction of Phase II is expected to be completed in July 2011.
Source : Channel NewsAsia – 28 Jun 2011