Freight forwarder Kuehne + Nagel has opened a new logistics hub in Singapore, its largest investment outside of Europe, located close to high tech and pharmaceutical manufacturing centres.
The new facility in the west of Singapore measures 50,000sq m, with 46,000sq m of warehousing, and is part of K+N's regional expansion covering Singapore and other Association of Southeast Asian Nations (ASEAN).
K+N said that aside from the standard freight and warehousing service offerings, the new facility will serve as a regional centre of excellence for high-tech, industrial, pharmaceutical and healthcare customers, offering "supply chain optimisation and value-chain transformation solutions".
More than 40% of the new logistics hub has been furnished with chilled storage, redressing and postponement facilities to support the growing base of pharmaceutical and healthcare companies operating in Asia.
Klaus-Michael Kuehne, majority shareholder and honorary chairman of K+N International, said: “Singapore is located at the heart of major shipping lanes in Asia. We have identified its pivotal role to regional trade 46 years ago and it remains today an important part of our growth strategy in Asia Pacific.
“The Singapore Logistics Hub is K+N’s largest investment outside Europe and represents our long-term commitment to the market.
“The new facility provides the necessary end-to-end, value-added supply chain capabilities to support our customers through Asia’s complex trade and logistics landscape.”
