agree. last time got a few company like Century buy the office land next to Top Glove but don't know when they will build....
DESPITE the current unpredictable economic situation, supply chain solutions provider Century Logistics Holdings Bhd is quietly confident it will weather the storm as it has been diversifying its earnings base over the years.
In fact, its managing director Steven Teow says it is planning another expansion this year in the form of one of Malaysia’s first multi-storey warehouses that will see a further 300,000 to 450,000 sq ft of space being added on.
He describes this as a “new method of logistics” that has arisen due to the growing scarcity of prime industrial land in the Klang Valley. Such warehouses are already a common sight in Singapore and Hong Kong where land is very limited.
“The answer is to look upwards. In fact, all logistics companies should be looking at this method since land is getting more and more expensive,” he tells StarBizWeek.
Teow says his new warehouse will follow the same construction model as one of the multi-storey warehouses in Singapore, which includes wide ramps for huge trucks to navigate their cargo between the floors.
Century Logistic’s new facility, to be located in the Eastern Gateway Industrial Hub in Klang, is also set to be the new company headquarters. Construction of the building is targeted to commence in the middle of this year, with an expected completion date by mid-2017.
Currently, it
is headquartered in Port Klang. Shifting it to the vicinity of Setia Alam near Shah Alam [FONT=Impact][SIZE=7]should make it easier for the company to recruit more professionals going forward, says Teow.
http://www.thestar.com.my/business/busines...-space-upwards/