Kerry Logistics Network Limited (‘Kerry Logistics’ or the ‘Company’; Stock Code 636.HK), a leading logistics service provider in Asia, is pleased to announce that construction has commenced on Phase Four of the expansion at Kerry Siam Seaport (KSSP) in Laem Chabang, Thailand, as it continues to develop the facility into a key cargo gateway for the increasing trade in ASEAN and to cope with the growing business demand in countries within the Greater Mekong Region (GMR) including Thailand, Cambodia, Myanmar and Laos.
The new project will see berths double at the facility with the number of operational berths to increase from 10 to 20, and total length to extend from 1.5 km to 2.8 km. Together with an additional bridge connecting to the port, the construction is expected to be completed by 2019.
“The expansion is a strategic achievement for Kerry Logistics to enhance our connectivity and exposure within the region. As Asia’s largest, multi-purpose deep seaport terminal, KSSP is undoubtedly a gateway to ASEAN, and this development will enable us to capture the growth potential brought by boosting trade among ASEAN countries and to support the cargo growth in the GMR,” said William Ma, Group Managing Director of Kerry Logistics.
The project and Kerry Logistics’ recent win of concessions to operate two inland ports in Myanmar will further strengthen the Company’s growing network and interconnectivity as it develops a far-reaching integrated logistics service platform penetrating ASEAN.
“Cargo and container traffic within ASEAN and in particular the GMR has recorded strong growth in recent years. Connected to the GMR via sea, rail and road links, KSSP will be the only terminal with full, one-stop port logistics infrastructure and capability to support both cargo owners and shipping lines as they penetrate into other markets in ASEAN and beyond,” added Kledchai Benjaathonsirikul, Managing Director of Greater Mekong Region, Kerry Logistics.
Strategically located at the heart of ASEAN, the port handles millions of tonnes of cargo from across the region and beyond, for some of the world’s leading brands. KSSP has an unparalleled advantage as the region’s hub for international trade and logistics and is well-positioned to capture market opportunities.
About Kerry Logistics Network Limited (Stock Code 636.HK)
Kerry Logistics is Asia’s leading logistics service provider with extensive operations across Greater China and the ASEAN region. Its core competence is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 550 office locations in 40 countries and territories, and is managing 43 million sq ft of logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2015-2016.