SCGJWD Logistics Public Company Limited (SCGJWD) aims to grow on a solid base by synergizing with business groups and partners to expand four emerging businesses with potential: cold chain, automotive, freight, and overseas. The expansion ensures SCGJWD’s strong financial status with a low debt-to-equity ratio, supported by clients from the SCG group, whose involvement helps increase revenue stability and create opportunities to scale up services in the future.
Solid Financial Standing
SCGJWD, the leading logistics service and supply chain provider, has demonstrated its strong financial status by revealing financial details and investments from the past year. This aligns with the company’s current investment plan and long-term goal to increase market capitalization and achieve net-zero carbon emissions.
Mr. Bunn Kasemsup, Co-Chief Executive Officer of SCGJWD, revealed, “We aim to continue growing and achieve a market capitalization of one hundred billion baht, as well as increasing the profit margin from overseas operations to 40 percent by 2030. Furthermore, we aim to reach Net Zero emissions by 2050 by providing Green Logistics and reducing emissions in Scope 1, Scope 2, and Scope 3.”
In terms of business, Mr. Bunn revealed, “Currently, our company has operations in nine ASEAN countries, including South China. Our business encompasses general warehouses, dangerous goods warehouses, and cold storage facilities, totaling an area of 2.3 million square meters. We have a network of over 14,000 transportation vehicles and more than 220 cargo vessels. Furthermore, we serve over 2,400 customers, with leading partners from the logistics and supply chain sector.”
Last year, the company invested in and expanded several businesses both domestically and internationally. This included acquiring a 20.12% stake in Asia Network International (ANI) and a 20.48% stake in Swift Haulage Berhad (SWIFT), a leading full-service logistics provider in Malaysia. Additionally, it established SCGJWD Freight Company (SCGJWD Freight) and constructed a new cold storage warehouse in Chiang Mai. More than that, the company opened two new general warehouses in the Laem Chabang industrial estate, Chonburi province, under a joint venture between Alpha Industrial Solutions and Origin Property (ORI). The company also presented Green Logistics Solutions to provide food and bakery transport services for PTT Public Company Limited‘s Amazon Café.
In addition to continuous investment and business expansion, the company received the Highly Recommended Supply Chain Management Award at the SET Awards 2024 and an AAA assessment in the SET ESG Rating, demonstrating its economic growth as well as its excellent and sustainable management.
By the end of 2024, the company’s financial status was strong, with an interest-bearing debt-to-equity ratio of 0.67 and a cash flow of 2,400 million baht. Many investors also showed interest in purchasing the company’s debentures totaling more than 4,200 million baht. Moreover, customers within the SCG group contribute to increased income stability and resource efficiency. In the future, SCGJWD will still be able to expand its service base, as its logistics services and supply chain proportion within the SCG group are only 50%.
Scaling Cold Chain National Wide and Beyond
Mr. Charvanin Bunditkitsada, Co-Chief Executive Officer of SJWD, said, “SCGJWD will drive growth through plans to further synergize with the company group and partners inside and outside of the country, to expand its emerging business with potential. One of the plans is to expand cold chain logistics services by opening four new cold storage warehouses in 2025. These four cold storage warehouses include Saraburi Phase Two, sized 3,400 square meters, ALPHA Rangsit sized 14,595 square meters, Nichirei Phase Three at Nava Nakhon, sized 17,091 square meters, and the cold storage warehouse in the Regional Distribution Center (RDC) project located in Chiang Mai, with a size of 2,700 square meters, which was renovated from the SCG Logistics (SCGL) warehouse. The total size of the four warehouses is more than 37,000 square meters. Moreover, the company will expand services to the pharmaceutical and health industry and expand its cold chain transportation network as well.”
Driving the Future of Automatic Logistics
Last year, SCGJWD provided automotive storage and management services for more than five hundred thousand vehicles, representing one-third of the total market share based on Thailand’s total annual production of 1.46 million automobiles. Furthermore, the company provides services for approximately 50% of the total registered electric vehicles in Thailand. Therefore, the company plans to expand its services for electric vehicles and its import-export services for vehicle parts.
Accelerating Freight, Amplifying Growth
As part of the freight forwarder business, the company established SCGJWD Freight last year to adjust the structure and enhance service potential. The purpose of this establishment is to increase business income from 1,500 million baht last year to 2,500 million baht by 2029.
Furthermore, SCGJWD aims to aggressively build on its New S-Curve by being the first integrated logistics provider with an NSW Service Provider (NSP) digital platform. This platform will connect and transfer information between the Customs Departments and the business sector. For import-export and logistics services, the company will partner with ANI and Sino Logistics to further expand its international transportation network.
Impactful Growth in Oversea Logistics
SCGJWD plans to expand its business into China and other Southeast Asian countries. In China, the company will cooperate with JUSDA to provide cross-border transportation, warehousing, and import-export services, focusing on the electric vehicle industry, vehicle and electronic parts, and machinery. This collaboration will connect transportation routes from China to Thailand and other ASEAN countries, including Vietnam, Laos, Malaysia, and Singapore, within a regional logistics market that was valued at up to USD 26 billion last year. Furthermore, the company has explored the opportunity to collaborate with Ruiyun Logistics to develop cold chain cross-border transportation between Thailand, Vietnam, and China.
For the ASEAN region, the company plans business expansion in Vietnam, Malaysia, Indonesia, and the Philippines. Last year, SCGJWD Logistics (Vietnam), a wholly-owned subsidiary, provided end-to-end supply chain solutions for Vietnam Construction Materials Joint Stock Company (VCM), a cement manufacturer in Vietnam. While in Malaysia, SCGJWD collaborated with SWIFT and established a joint venture company to expand three cold storage warehouses totaling 31,000 square meters, slated to open in 2026. SCGJWD plans to expand the cold chain business in Indonesia and the Philippines, which have high growth potential. SCGJWD will use its expertise in automotive logistics for the expansion of its business to Indonesia as well.
Additionally, SCGJWD has plans to sell some of its general storage assets that were constructed by ALPHA Industrial Solutions, approximately valued at 4,000 million baht, to its partner in Real Estate Investment Trust (REIT) for continued investing. Moreover, SCGJWD’s revenue from the new warehouse in the Bang Kradee industrial estate, which it operates and manages for B.GRIMM Carrier (Thailand) and Carrier (Thailand), as well as logistics services and fulfillment, will begin generating recorded revenue in September. This will support the company’s growth and emphasize its business’s potential strength.
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