SINGAPORE: Transportation and logistics company Kuehne + Nagel opened its Singapore Logistics Hub facility on Monday (Jan 4).
Located at Pioneer Crescent, the company said it invested almost US$100 million in the facility - the firm's largest investment outside of Europe - as part of regional expansion plans to support its fast growing supply chain clientele operating within Singapore and the ASEAN countries.
A total of 46,000 sqm of the 50,000 sqm facility will be dedicated to warehousing space, and 40 per cent of the facility has been furnished with advanced chilled storage, redressing and postponement facilities to support the growing base of pharmaceutical and healthcare companies in Singapore.
Apart from the standard freight and warehousing service offerings, Kuehne + Nagel said the new facility will serve as a "centre of excellence" for high-tech, industrial, pharmaceutical and healthcare customers, the first for the firm in the region.
This centre will allow the company to work with partners and stakeholders to develop technologies, innovative solutions and business strategies, it added.
The logistics firm already employs 380 people in Singapore, and this logistics hub will add 150 more people to its headcount, the Swiss firm said.
NEW LOGISTICS HUB TO BOOST INNOVATION, EFFICIENCY: THARMAN
Speaking at the launch, Deputy Prime Minister Tharman Shanmugaratnam announced a new initiative to boost innovation and efficiency in the logistics industry.
He said the Jurong Town Corporation (JTC) will be developing the JTC Logistics Hub @ Gul, a next-generation, multi-tenanted logistics facility that will see the integration of a multi-storey inland container depot, warehouses and a heavy vehicle park.
DPM Tharman added that the logistics sector will remain the "lifeblood of Singapore", and will continue to be more complex and advanced.