SINGAPORE: January 04, 2016. Kuehne + Nagel (K+N) has opened a new logistics facility in the west of Singapore to support its supply chain customers operating in the city-state and throughout ASEAN countries.
Klaus-Michael Kuehne, owner and honorary chairman of K+N commented: “Singapore is located at the heart of major shipping lanes in Asia. We identified its pivotal role to regional trade 46 years ago and it remains today an important part of our growth strategy in Asia Pacific.”
Kuehne, (right of picture with Singapore deputy prime minister Tharman Shanmugaratnam at the opening ceremony), said the new hub is his company’s largest investment outside Europe and represents a long-term commitment to the market by providing end-to-end, value-added supply chain capabilities “through Asia’s complex trade and logistics landscape”.
Located near pharma and healthcare centers, the company said its new 46,000 sq. mt. facility - with 40 percent given over to advanced chilled storage, redressing and postponement facilities - will serve as a regional center of excellence for high-tech, industrial, pharmaceutical and healthcare customers.
Detlef Trefzger, CEO of the K+N group noted: “The centre of excellence for logistics innovation is an integral element of Kuehne + Nagel’s strategy to foster continual and operations-related logistics innovation through stronger collaboration with customers, partners and employees. Global companies are realising that efficient supply chain management can be the differentiator in today’s dynamic business landscape.”
Beh Swan Gin, chairman of the Singapore Economic Development Board added: “Asia presents many opportunities for companies to create new businesses and further differentiate existing ones. Innovation is therefore critical for the continued transformation of Singapore’s logistics industry and the strengthening of Singapore’s position as a world-leading logistics hub. We are pleased and honored to have a long-standing partner, Kuehne + Nagel, travel with us on this exciting journey.”