S$127 Million Logistics Hub Represents Latest Collaboration Between Menlo and Leading Singapore Logistics Real Estate Provider Mapletree Logistics Trust
San Francisco, CA and Singapore /PRNewswire/ - Menlo Logistics (Menlo), the US$1.5 billion global logistics and supply chain management subsidiary of Con-way Inc. (NYSE: CNW), today will formerly dedicate its new state-of-the-art warehousing and distribution management centre at 21 Benoi Sector Singapore, 629853.
The new 50,000-square-meter Benoi centre brings the company's footprint in Singapore to eight facilities totaling 219,700 square meters. The expansion spotlights Menlo's commitment to investing in the growing market for distribution services in Singapore, and the country's rising prominence as a strategic logistics hub for Asia.
"Singapore and the regional Asia markets are some of our fastest growing sectors, due in large part to our strong market share and industry-specific expertise in wine and spirits distribution," said Robert L. Bianco Jr., president of San Francisco, California-based Menlo Logistics, who will headline Menlo's dedication ceremony here today. "Our long-term lease for this facility with our real estate partner, Mapletree Logistics Trust, is another demonstration of Menlo's commitment to the Singapore market, not only in wine and spirits, but also in distribution capacity for automotive, consumer electronics and apparel, aerospace and industrial. We are investing to grow with our customers."
Menlo is a leading global provider of logistics, transportation management and supply chain services with operations on five continents. Established in Singapore over a decade ago, the company's services range from dedicated contract logistics to warehousing, distribution and transportation management; supply chain engineering and other value-added services across multiple industries.
Representing a capital investment of S$127 million by Mapletree Logistics Trust (MLT), the new distribution centre with a gross floor area of 92,500 square meters features specialized warehousing capabilities for servicing the global wine and spirits industry. It also supports the warehousing and logistics requirements of various clients engaged in a variety of other industries for which Singapore is a growing market. The facility has been awarded the prestigious Building and Construction Authority's Green Mark Platinum Award, the highest certification for sustainable buildings in Singapore.
The Benoi facility elevates Menlo to be the largest tenant of MLT, with leased warehouse space across seven properties in Singapore, Malaysia, Hong Kong and China, noted Ms. Ng Kiat, Chief Executive Officer of Mapletree Logistics Trust Management Ltd, the manager of MLT.
"We have been working with Menlo, our valued customer, over the last nine years to support its continued growth across Asia. Menlo's commitment to this project and our growing relationship underscore MLT's position as a preferred partner of choice for customers seeking quality logistics real estate solutions in the region. We look forward to strengthening this partnership further as Menlo continues on its growth path," said Ms. Ng. "This redevelopment project has transformed Benoi Logistics Hub from an old, single-story warehouse into a modern, five-story ramp-up facility with significantly improved efficiency and capabilities. We will continue to look out for asset enhancement or redevelopment opportunities that are aligned with the expansion needs of our customers like Menlo, while concurrently unlocking additional value from our portfolio," she added.
"Our customers expect consistent, efficient, high-quality service, and this new facility, coupled with our commitment to sustainable business practices and Lean continuous improvement, delivers on that promise," noted Menlo's Bianco.
"When Pernod Ricard, Asia Pacific Breweries, Bacardi and Tradall, all global leading wine and spirits distributors, require either secured, temperature-controlled or ambient warehousing, we can provide that service along with time-sensitive fulfillment and delivery to Singapore and throughout the region," Bianco added. "And with the resources and capabilities we now have at Benoi, we can service our clients faster and more efficiently than before."
Mr. Bianco also cited the support of Singapore Customs and its promotion of prudent regulatory policies that protect the country while encouraging free and open trade. "Initiatives like Singapore Customs' Secure Trade Partnership program, which provide sensible regulation and a secure environment for trade, are a major incentive for expansion. It's a key reason why we have continued to invest and build capacity here," he commented.
"We are delighted to have fostered a close Customs-Business partnership with Menlo Logistics since 2002," said Mr. Lim Teck Leong, Deputy Director-General, Compliance and Facilitation, Singapore Customs. "Over the years, Menlo has participated actively in the various schemes and licences offered by Singapore Customs to safeguard the integrity and security of the supply chain in Singapore."
The opening of the new Benoi facility comes on the heels of Menlo's new Sunview Way distribution centre, which opened in November 2012. Menlo's existing network of seven facilities is located throughout Singapore with 400 employees and provides dedicated and multi-client inventory and distribution management. The company services over 200 Singapore businesses and multi-national companies in sectors such as automotive, high-tech, consumer goods, industrial, aerospace and wine and spirits distribution. The Benoi facility will serve as one of Menlo's most advanced warehouses for storage and distribution, high-value-added services like picking and packing operations, customized labeling and return management services. More than 100 employees will support its multi-disciplined operations.
Menlo also operates additional multi-client logistics facilities in Southeast Asia, as well as China, India, Australia, North America and Europe.
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About Menlo Logistics
Menlo Logistics, LLC, is a US$1.5 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Francisco, California-based Menlo Logistics' services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfillment and light assembly through a strategic network of multi-client and dedicated facilities. With nearly 20 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world.
Menlo Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a $5.5 billion diversified freight transportation and logistics company. For more information, please visit us on the Web at http://www.con-way.com/en/logistics.
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