Contract Logistics

JWD and Siam Motors Industries Establish New JV Firm

JWD and Siam Motors Industries Establish New JV Firm
Danny Gill

JWD and Siam Motors Industries have announced the joint venture (JV) firm Siam JWD Logistics. The goal of the new venture is to offer auto parts logistics services to upstream businesses and the company is forecasted to have a first year revenue of THB 50m.

Mr. Pratanwong Phornprapha, President of Siam Motors Industries said,“The formation of the firm jointly with the specialized partner is a major step in our campaign to expand our business. It will create healthy growth and enable us to expand our business in Thailand and other ASEAN markets in a sustainable way.”

Mr. Charvanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD, noted that JWD has pressed ahead with expansions to achieve growth results and secure leadership in the ASEAN logistics market in the future.

“This joint undertaking is another crucial step in expanding our business of providing integrated logistics services for upstream and downstream automotive and connected industries. It will allow us to offer automotive storage and management solutions to automakers not only at our own plant but also at customers’ plants (as on-site services). It will also move us towards the upstream sector (i.e. manufacture of automotive parts), a huge segment as Thailand is a regional hub of automotive parts industry. We see that our extensive knowledge about, and expertise in, the automotive industry will enable us to enhance logistical efficiency and reduce operating costs of the local automotive parts manufacturers,” he said.

In 2017, the automotive logistics business is expected to benefit from a recovery in the automotive industry as – for some of the more than one million cars covered by the Thai government’s first-time car buyers subsidy programme – the five-year transfer restriction period under the programme has expired, and some cars have been allowed to change hands since mid-Sep. This has created demands for new cars to replace old ones.

Contract Logistics
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

More in Contract Logistics

DHL to Collaborate with ASEAN Humanitarian Assistance Centre

Danny GillJuly 5, 2019
CEVA Logistics Open Phnom Penh Office

CEVA Logistics Open Phnom Penh Office

Logistics ManagerJune 12, 2019
DSV Partner with Marimekko to Realise New Potential in China

DSV Partner with Marimekko to Realise New Potential in China

Logistics ManagerJune 11, 2019
DSV Open New Logistics Facility in Istanbul

DSV Open New Logistics Facility in Istanbul

Logistics ManagerMay 13, 2019
Kerry Logistics Launch Kerry Cold Chain in China

Kerry Logistics Launch Kerry Cold Chain in China

Logistics ManagerMay 8, 2019

Aramex Inaugurates New e-Commerce Fulfillment Center in Dubai

Danny GillApril 24, 2019

DSV Announces Plans to Build a Gateway to Scandinavia

Danny GillApril 22, 2019
Rhenus Acquires Miami-based Freight Logistics Group

Rhenus Acquires Miami-based Freight Logistics Group

Logistics ManagerApril 18, 2019
KN Pledge Unveiled by Kuehne + Nagel

KN Pledge Unveiled by Kuehne + Nagel

Logistics ManagerApril 18, 2019
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version