PKT Logistics plans warehouse hubs in three statesOOI TEE CHING
PKT Logistics Group Sdn Bhd has set aside more than RM240 million to open three more warehouse hubs in Pahang, Perlis and Johor.
The group's core business is in automotive logistics, which accounts for 80 per cent of total revenue. Its other clients are from the fast-moving consumer goods sector.
PKT Logistics group managing director and group chief executive officer Datuk Michael Tio said the company plans to set up new hubs in Gebeng, Padang Besar and Iskandar.
"We will invest a further US$20 million (RM6.3 million) to develop a warehousing hub within the East Coast Economic Region (ECER). We hope to start construction on an 8ha plot in Gebeng Industrial Park next year," he told reporters after Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir officiated 'The Lighthouse', the final structure within PKT Logistics hub here last Friday.
Tio said The Lighthouse completes the company's One Logistics Hub. It measures 760,000 sq ft.
Other structures within the hub are a cross-dock distribution centre named The Ship and a regional distribution centre called The Waves.
PKT Logistics is one of the few local logistics services providers in the country that offers fourth-party logistics (4PL) services via its one logistics hub warehouses concept.
"We are rendering 4PL services that not only handle the transportation and distribution of goods, but also offer sub-assembly, procurement and consultancy," he said.
The company also offers forwarding air and ocean freight as well as cargo insurance.
All in, PKT Logistics has sunk in around US$50 million, or RM157.5 million, in that hub of warehouses that collectively offer 1.15 million sq ft rentable storage. Currently, it is Asean's biggest logistics site.
PKT Logistics chairman Datuk Wira Jalilah Baba, who was present at the ceremony, said besides Gebeng, the group is also considering another hub near the Thai border.
"There is good growth potential because it is easier for southern Thailand's goods to be shipped out from Penang Port instead of Bangkok."
Asked on funds for the warehouse hub expansion plans, she said one of the ways is to go public. "We hope to list on Bursa Malaysia by mid-2012. But then again, it also depends on the market sentiment," she said.
PKT Logistics was established by Tio's fath-er Datuk Tio Sook Keo, in 1974. It was ori-ginally named Port Klang Trading and only offered Customs brokerage services.