Magazines Archives - 2009 February

YCH, Frasers ink pact to develop hub in Chengdu
Story 9 - Logistics

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
operate and manage the 200,000sqm Frasers Hub development in Sichuan’s capital city, Chengdu.

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
and network in China.” YCH will introduce “expertise and best practices” to the country, deepening its “inland network ... for quicker and more efficient distribution”, he added.

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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2009 February Stories:

Retailing in recession Part 2: Some key do’s and don’ts for Asian retailers

US imposes tighter limits on lead content in products for children

What’s hot @ NRA Show: Asian cuisine - Show offers new profit-building solutions

Bigger HOFEX more attractions

HR Training & Service Excellence in Retail - Key areas for retail training identified

HR Training & Service Excellence in Retail - Going beyond training into service excellence

HR Training & Service Excellence in Retail - Retailers won’t scrimp on training

Global downturn dictating consumer choices

Tampines 1 launch will coincide with Uniqlo’s debut in Singapore

YCH, Frasers ink pact to develop hub in Chengdu

Process payments on the go

Alliance lets OFWs shop for their families back home

US$25.95m initiative aims to boost grain supply in South Asia

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