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Damco opens first Myanmar C-TPAT facility

PRESS RELEASE

June 24, 2014: Third-party logistics provider Damco has started operating the first international standard warehouse and Container Freight Station (CFS) facility in Myanmar.

This brand-new world-class 4,000 square metre facility is C-TPAT compliant and strategically located within 15 kilometres from Yangon ports and major industrial locations. It is suitable for import/export activities for Fast Moving Consumer Goods (FMCG), consumer electronics, apparels, components, machinery and project cargo.

Damco Myanmar"Damco is the first global logistics company in Myanmar. After acquiring an operating license in 2013 and opening a new office in Yangon, we have strengthened our position in Myanmar by being the first international logistics company in the country to start offering own-operated CFS/warehousing services," says Kiattichai Pitpreecha, managing director of the Thailand, Malaysia & Myanmar cluster.

"This state-of-the-art, international standard CFS facility enables us to provide superior service to our customers through direct control and management of the entire operation and service delivery process."

Since international sanctions were lifted in 2012, Myanmar has established itself as a new frontier market, with potential to become a major sourcing country and consumer market for our customers in the near future.

The country's strategic location between three drivers of global economic growth – China, India and Southeast Asia – makes it one of the most unique emerging markets in Asia.

"Emerging markets have always been one of Damco's focus areas and core strengths, with many of our key customers sourcing their products from or operating in these markets. These customers can now rely on Damco as their logistics partner in Myanmar. They will benefit from the same service quality for cargo shipped out of Myanmar as any other country in which we operate.

"In addition, we have proved again that we are one step ahead of the competition by proactively establishing this CFS operation in Myanmar", adds Kiattichai Pitpreecha.

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