A S$200 million logistics hub broke ground at Jurong West on Friday. Named Supply Chain City, the facility is the brainchild of logistics firm YCH. Apart from serving as its headquarters, the facility will also cater to other companies needing logistics space. YCH is transforming a 6.5-hectare area in western Singapore to build its new home come 2014. It will house a five-storey warehouse, a...
Logistics Hub
Mainboard-listed logistics company, CWT, has opened two new logistics hubs in Singapore, expanding its warehouse space by one million sq ft. The new facilities cost CWT more than S$80 million, but they are expected to help drive revenue up by some 10 percent. Most of the new space will be used to store chemicals, which will help boost CWT's position in the sector. Loi Pok Yen, Group CEO of CWT, said: "We...