LogiPark International to create $14 m integrated logistics hub
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Directors and officials of JKH at the ground-breaking ceremony
LogiPark International (Pvt.) Ltd. (LPI), a fully-owned subsidiary of John Keells Holdings PLC (JKH) and sister company of John Keells Logistics (Pvt.) Ltd. (JKLL), a key third Party Logistics Services Provider (LSP) in the Sri Lankan market, last week embarked on commissioning its flagship integrated logistics centre with the groundbreaking ceremony at the Muthurajawela Logistics Zone.
The ceremonial event was held in the presence of Krishan Balendra – Chairman of JKH, Gihan Cooray – Group Finance Director and Deputy Chairman JKH, the Sector committee of the JKH Transportation Group, Chairman and the board of the Sri Lanka Land Reclamation and Development Corporation, the Board of Directors of the BOI, the management teams of LPI and JKLL and several other distinguished guests.
In a media release, the company said that with an estimated initial investment of US$14 million and a footprint span in excess of 230,000 square feet; the LPI integrated logistics centre is set to be up and running by end-March 2020. It is expected to create over 40,000 CBM of inventory holding capacity with a handling capability exceeding 300,000 CBM a month. In addition to multi-industry storage chambers, the centre will also have multi-tiered value-added service (VAS) areas catering to a broad range of industry verticals including FMCG, apparel, electronics, chemical, lubricants, telecommunication, perishable and general trading.
The Transportation Sector of JKH, through its 3PL arm JKLL currently caters to supply chains across multiple industry verticals with a client portfolio consisting of industry leaders in both local and international markets. The company operates seven advanced dry and cold logistics centres using best-in-class facility infrastructure, warehouse management systems, storage solutions and handling equipment. The new facility is part of the group’s long-term service capacity growth plan which would also include expansions in the company’s cold storage footprint, transport fleet and regional service portfolio.