QUOTE(leo_gaga @ Jul 8 2013, 08:21 AM)
Sister, any commercial news is good news, Cyberjaya City is in the making...
Harvey Norman plans RM100m warehousing hub in Cyberjaya:
http://www.iproperty.com.my/news/7212/harv...ub-in-cyberjayaKUALA LUMPUR: Harvey Norman Malaysia plans to spend RM100 million in the next two years to construct a warehousing and distribution hub in Cyberjaya.
The electrical, information technology and furniture products retailer said the completion of the Cyberjaya warehouse will boost its warehouse capacity from 100,000 sq ft currently to 350,000 sq ft.
"We see a great potential here and we keep progressing as the market grows.
"In the next two years, we will triple our capacity by building our own warehouse. This will serve as our national distribution centre," said Harvey Norman Malaysia managing director Angelo Augustus at the launch of the 9th Malaysian International Bedding Fair.
It will take two years to complete the facilities and it is now at a land deal signing stage.
Moving in tandem with the fast-growing home furnishing industry, which is worth a whopping RM50 billion per annum, Harvey Norman will kick off a new megastore in Paragon Mall, Penang, this month. This will make the number of stores it has to 12 in total, since its entrance into Malaysia in 2003.
"We have recorded a 28 per cent revenue growth in the last three years. We expect to sustain this momentum for another three years."
Harvey Norman has invested RM300 million in its business expansion plan in Malaysia in the last decade. Moving on, it will continue to aggressively expand with a capital outlay of RM150 million under a five-year expansion plan it embarked on in 2011.
Jul 7 2013, 08:08 PM
Quote
0.0352sec
0.50
6 queries
GZIP Disabled