KUALA LUMPUR, Oct 22 (Bernama) — PKT Logistics Group Sdn Bhd, a logistics service provider, will implement the second phase of its RM70 million logistics hub project in Shah Alam next month.
Its managing director and group chief executive officer Datuk Michael Tio said the contract for phase two of the built-to-suit warehouse, dubbed “The Waves”, was awarded by a fast-moving consumer good (FMCG) multinational company.
“We expect to hand over the warehouse to the tenant customer in the third quarter of 2010,” he said after a signing ceremony between PKT Group and ECnet (M) Sdn Bhd on the ECnet Integrated Total e-Logistic Solutions here Thursday.
The second phase consists a warehouse and a double-storey office facility on a built-up area of more than 365 square feet, Tio said.
“The multinational company from which we secured the contract has plan to make Malaysia its Asean manufacturing hub,” he said. The first phase, dubbed “The Ship”, involved a 150,000-square foot state-of-the-art warehouse and has been completed.
It was part of the group’s RM120 million investment over three years in its 1.15 million square feet of industrial land in Shah Alam.
“We have already received the certificate of fitness. And we are looking at a range of 10 tenant customers, depending on the take-up for the first phase,” Tio said.
He also said that Malaysia has the potential to earn about RM2 billion logistics revenue in the FMCG sector, of which PKT Group was looking to secure a quarter by 2013.
After having invested in hardware, the group has extended its investment to information technology (IT) software to boost its competitiveness and improve efficiency and effectiveness in offerings to customers. Under the agreement signed with ECnet today, it invested RM2.5 million to implement the Integrated Total eLogistics Solutions over the next three years.
The solutions includes the Supply Chain Suite and Infor Warehouse Management System (WMS). The Supply Chain Suite will serve as an operating platform for shipments, involving order-taking, international trasportation, customs clearance, delivery management and invoicing. The warehouse management system allows users to see what inventory is or will be available, organise work, and align resources and labour.
“Our current total logistics solutions such as freight forwarding, customs brokerage, haulage and trucking will further enhance our offering to the FMCG sector,” Tio said.
“With our new logistics hub, both the sofware and hardware aspects have been addressed. The group is now well equipped to achieve its 60 per cent automotive and 40 per cent FMCG vision by 2011,” he said.