Damco invests $4m in Vietnam site

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Damco is investing more than $4 million in an integrated logistics centre just outside Ho Chi Minh City in Vietnam.

The 26,000 sq m custom-built warehouse is being built by Thai Binh Shoes Logistics at Binh Duong, 25 km from the city.

The logistics centre will serve both Cat Lai port and Cai Mep port and is well-connected by road transport. A plan to link the facility to barge infrastructure as an alternative to truck transport is also in place, allowing customers to reduce overall transport costs and carbon emissions. The facility will be C-TPAT certified and offers consolidation, bonded, domestic and general warehouse services. It is scheduled to be ready by April 2011.

Tony Hotine, chief executive of Damco Asia Pacific, said: “Vietnam is a key market for Damco and we will continue to invest in infrastructure, technology and people to support the increasing demands from our customers here. We have taken active roles to support the advancement of the domestic logistics industry by working with private and government sectors to improve supply chain efficiency in Vietnam.

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