A $200 million food logistics facility is being set up as rising demand for imported perishables and food security concerns drive the need for cold storage to extend the shelf life of food products.
It is set to be completed by end-2025.
The facility at 8 Jalan Besut, which can store up to 80 million kilograms of food, is expected to create 130 new jobs in the logistics sector.
It will be operated by Commonwealth Kokubu Logistics, a joint venture between investment firm Commonwealth Capital and food and beverage cold chain logistics specialist Kokubu Group Corporation.
Commonwealth Capital's logistics division currently operates out of two logistics facilities, located at 7 Buroh Lane and 1 Buroh Lane, with a total of 60,000 pallet positions, said Mr Andrew Kwan, its group managing director.
Esta historia es de la edición March 29, 2023 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 29, 2023 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
NORRIS RIDES A WAVE OF SUPPORT
Briton gets congratulations from peers and politicians after breakthrough win in Miami
I DIDN'T WANT TO GO HOME: MITCHELL
Cavs’ Game 7 hero says they are in play-offs to win and will be ready for the Celtics
SPEECH INSPIRES ACS(I) TO VICTORY
‘Psyched up’ by the sidelined Jeremiah, they beat St Andrew’s to regain B Div rugby title
KRANJI'S VERY BIG 220 SURPRISE
Stunner saves Class 5 dweller from M’sia trip, gives Espindola 100 per cent record
Expanding global outreach among priorities for SICCI as it turns lOO
Digitalisation and sustainability are two other focus areas for trade association
Indonesia's QI GDP growth beats forecasts but outlook uncertain
Keeping strong pace will be hard due to tight local monetary policy, global factors
Qantas to pay $89m penalty over 'ghost flights'
Aussie airline will also compensate those who bought tickets on flights already axed
Luxury watch investment firm found to be in breach of contract
A company founded by Singaporean watch expert Dominic Khoo that runs a luxury timepiece investment scheme has been found by the High Court to have breached its contractual obligations to five investors from Hong Kong.
Jail for scam mastermind who cheated company director of 1.5m
Man who devised loan ruse to dupe victim into handing over sum gets 5-year sentence
End of an era
Thambi Magazine Store in Holland Village closes down after more than 80 years
