SCGJWD Logistics Public Company Limited (SJWD) and Swift Haulage Berhad (SWIFT) are joining forces to expand into the cold storage warehouse business in Malaysia. This strategic initiative aims to capitalize on the growing demand for cold chain logistics in the region and enhance SJWD’s ASEAN-wide service network.
The two companies will establish a joint venture company, Swift Cold Chain Sendirian Berhad, with SJWD holding a 49% stake and SWIFT holding 51%. This partnership will leverage SJWD’s expertise in cold storage warehousing and SWIFT’s strong presence in the Malaysian logistics market.
“We are determined to pursue our strategic plan to expand the cold storage warehouse business in the ASEAN region,” said Mr. Bunn Kasemsup, Co-Chief Executive Officer of SJWD. “Malaysia, with its high growth potential, is a key market for our expansion.”
Investment Plans and Strategic Focus
The joint venture plans to invest in three cold storage warehouse projects in Malaysia, with a combined floor area of over 30,000 square meters. The first project, GVL Cold Chain, will be located in the Shah Alam International Logistics Hub and is expected to be operational by January 2026.
“With this plan to expand investment in cold storage warehouses in Malaysia, the Company will become a leading service provider for this type of operation in Malaysia,” said Mr. Charvanin Bunditkitsada, Co-Chief Executive Officer of SJWD.
This expansion will not only strengthen SJWD’s presence in Malaysia but also enhance its ability to connect the transportation of goods from China through Thailand, Malaysia, and Singapore.
Partnering for Growth and Innovation
“This joint venture marks an important step for SWIFT to enter into the cold storage industry, a high-potential and fast-growing business,” said Mr. Loo Yong Hui, Group CEO of Swift Haulage Berhad. “By combining SJWD’s expertise with SWIFT’s asset expansion strategy, the joint venture will be able to efficiently meet the increasing demand for cold storage services in Malaysia and Singapore.”
The partnership will focus on innovation, including adopting advanced automatic cold storage technology, to strengthen SWIFT’s position in the market. This collaboration will also enhance SJWD’s service capabilities and reinforce its position as a leading integrated logistics and supply chain service provider in ASEAN.
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