SHAH ALAM: PKT Logistics Group Sdn Bhd will invest more than RM80mil to expand its services in the East Cost Economic Region (ECER).
Group chairman Datuk Jalilah Baba said the company was in the process of identifying a suitable location for its concept warehouse in the eastern corridor.
“We are working together with the ECER authority,” she said at the ground-breaking ceremony for “The Lighthouse”, a concept warehouse in Shah Alam, officiated by International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir.
Going forward, Jalilah said PKT was also looking to set up logistics centres at the border of Thailand and Iskandar Malaysia in Johor.
Mukhriz said the services sector was already in the driver’s seat of Malaysia’s economy.
“The realisation only took place in 2006 when the Government launched the Third Industrial Master Plan (IMP3).
“The IMP3 had identified eight services sub-sectors, including logistics, as growth engines of the future to enhance Malaysia’s trade and global competitiveness,” he said.
As for PKT, Mukhriz said it was a success story of how a company could grow and expand from a custom brokerage and a forwarder to a modern logistics service provider.
“Start small but move from strength to strength.
“I am also encouraged by the company’s vision to be one of Malaysia’s champions of the logistics industry in this region and globally,” he said.
On PKT’s listing plan, group CEO and managing director Datuk Michael Tio said the company planned to float the company in mid-2012 but it would all depend on the market environment.
The Lighthouse, involving an investment of RM50mil and scheduled for completion next year, is the final phase of development in PKT’s One Logistics Hub. The hub consist of The Ship and The Waves.
The Lighthouse, a multi-storey modern concept warehouse, will be one of the tallest warehouses in Malaysia with a built-up area of about 220,000 sq ft. It will be built based on the green concept with features such as rain water harvesting, energy-saving lighting and air-conditioning, solar panels to generate electricity to be sold back to Tenaga Nasional Bhd, water-saving features, lighting zoning, natural ventilation system, maximising day lighting and use of electric forklifts and reach trucks.
In total, the One Logistics Hub’s investment totalled about RM160mil.
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