JWD to Launch Warehouse and Distribution Services, in Addition to Cross-Border Cargo Transport, in CLMV Markets in Early 2016, Eyes Average 60-70% Occupancy Ratio in 2016

BackJan 11, 2016

JWD, Thailand's leading provider of fully integrated land-based logistics services, is branching out its cross-border transport business to include cargo warehouse and distribution services with a total 6,990sq.m. warehouse space in CLMV markets. It has declared that its general warehouse and frozen and cold storage warehouses in Laos will be inaugurated on 4 January, those in Myanmar in February and those in Cambodia in mid-July 2016. Confident of a warm welcome, it has set a goal to reach by the end of 2016 an average occupancy ratio of 60-70% for all spaces in its overseas warehouses.

Mr Charvanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD Infologistics Public Company Limited, or JWD, Thailand's leading provider of fully integrated land-based logistics services, revealed that the company, in partnership with RMA Group, holder of fast food restaurant franchises, eg The Pizza Company, Swensens, Dairy Queens, Barbecue Chicken, Costa Coffee, etc, has moved to expand its business of providing general warehouses and frozen and cold storage warehouses in the CLMV markets, ie Laos, Myanmar and Cambodia (with an aggregate warehouse space of 6,990sq.m.) and introduce the services of distributing products to franchisees of RMA Group in those markets, as a way to branch out its cross-border transport business and support business growths in the Asean region.

The company will open its warehouses with total spaces of 750sq.m. (500sq.m. for general storage and 250sq.m. for frozen and cold storage) in Laos in January, 2,870sq.m. (1,500sq.m. for general storage and 1,370sq.m. for frozen and cold storage) in Myanmar in February and 3,370sq.m. (2,000sq.m. for general storage and 1,370sq.m. for frozen and cold storage) in Cambodia in July. The launches of the warehousing and distribution businesses follow the introduction of the business of transporting cargoes from Thailand to the these three countries more than two years ago.

The company is confident that its warehousing services in the neighbouring markets will be enthusiastically welcomed, as in the initial phase of operation the franchisees of its great partner, which controls fast food restaurants, are expected to rent a total of about 30-40% of the spaces available at its overseas warehouses, which will, in turn, ensure stability in revenue generation, and as it is undergoing negotiations for rental deals with several prospective tenants.

"Given our extensive knowledge and experience in warehouse management and logistics, we trust that customers will be satisfied with our warehousing business in the neighbouring countries and our cross-border transport business. We seek to increase the average occupancy ratio of the warehouses in these three markets to about 60-70% of the spaces available for rental by this yearend, which will strengthen our revenues and lay the basis for overseas expansions in the future," he added.