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Magazines Archives - 2009 February YCH, Frasers ink pact to develop hub in Chengdu SINGAPORE conglomerate YCH
Group has signed a memorandum of
understanding with Frasers Centrepoint
Ltd’s subsidiary, Chengdu Sino-Singapore
South West Logistics Co Ltd, to This will be the first logistic hub in western China for Frasers, which is based in the city-state. The partners plan to develop a “world-class ambient warehouse”, including chilled and frozen cold rooms, focusing on the fast-moving consumergoods market in the city. YCH will also provide end-to-end supply-chain solutions, such as storage and distribution, among other valueadded services. Said the company’s chairman and
CEO, Robert Yap: “The launch of our
Logistics Park in Chengdu represents a
strategic leap forward for YCH in our
plans to further enhance our capabilities David Hwang, deputy chairman of Frasers’ Property (China), maintained that the partnership with YCH Group — which has an established network countrywide — would boost the group’s development in the logistic sector, a fairly new business unit for Frasers. “As Chengdu moves up the economic ladder, there is a stronger and more urgent demand for supply of goods ... [while] quality and efficiency become important criteria. “We hope to bring in proven technology and management systems to improve the supply-chain network in Chengdu — YCH is the best professional supply-chain operator,” he said. Hwang added: “Also, we are heartened
by the plans that the government
has in terms of building more railway
lines and improving on the rural infrastructure,
all of which, we feel, contribute to the impetus in going forward
with this project. We believe the project
will benefit from the great support and
growth potential arising from the government’s
accelerated rural and agricultural
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