[photopress:Gary_So.jpg,full,alignright]Hong Kong-based logistics company Kerry EAS Logistics Ltd plans to invest up to RMB120 million($15 million) to expand its Shanghai logistics center by 50 percent to catch up with the demand in the mainland market.
Gary So, vice president of Kerry EAS, which is the mainland concern of Kerry Logistics Network, said, ‘The company is expected to buy land near Caohejing Pujiang High-tech park at the end of this year for a new logistics center. The investment could range from 60 million yuan to 120 million yuan.’
Kerry EAS is planning to buy a plot of land totaling 66,667 square meters for the new logistics center. Gary So said the first phase of the project will cover half of that space. The expanded new logistics center will replace Kerry EAS’s existing one which is close to the new facilities.
Gary So said, ‘Its old facilities were rented and we will build our own warehouses to meet the rising demand.’
Source: Shanghai Daily
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