CWT expands its logistics capabilities with the official opening of logistics hub 1 and 2

CWT has taken one more step towards its goal of becoming a top global player with the official opening of two logistics facilities in Singapore by Mr Lim Hng Kiang, Minister for Trade and Industry. With a total investment of more than S$80 million (US$58 million) and a combined warehouse space of nearly 1 million sqft, CWT Logistics Hub 1 and 2 are equipped with enhanced storage facilities and features for specialized materials handling. Located close to port terminals, these hubs are energy-efficient using natural lighting and ramps instead of electric lights and cargo lifts.

CWT Director and Group CEO, Mr Loi Pok Yen is confident that such strategies will give the company a distinctive competitive edge. "This translates into a savings of S$0.16 per sqft per month," he explains. The two hubs have been fully taken up by three key clients with chemical giant BASF as the anchor client. In the chemicals logistics space, CWT is the largest in Asia and has about 50 per cent of the market

CWT is looking to capture an even bigger share of the US$250 billion global 3PL market.In his speech, Mr Lim Hng Kiang, Minister of Trade and Industry put Asian logistics growth at a blistering 10 to 15 percent - twice the global growth rate. In 2007, logistics and supply chain management accounted for 9.4 percent of the Singapore 's GDP. Singapore was ranked as the No. 1 logistics hub in a World Bank shipping survey last year and plays host to 17 of the world's top 25 third party logistics players. “With the stiff competition from major global industry players, CWT is aggressively pushing forth with plans well underway to enhance existing capabilities and infrastructures to keep ahead of the global markets needs,” said Mr Loi.