Keppel Logistics Expands in Australia
Keppel Logistics Pte Ltd, a wholly owned subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T), has expanded its logistics capabilities down under with Keppel Logistics (Australia) Pty Ltd. The wholly-owned subsidiary of Keppel Logistics will manage a 10,000 square metre warehouse in Brisbane, Australia.
Located 10 kilometres from Brisbane City, the Stafford facility recently commenced operations in August and establishes Keppel Logistics' foothold as one of the leading logistics players in the book publication segment. It currently serves as a Regional Distribution Centre serving Wiley's Australia and New Zealand markets, with Keppel Logistics (Australia) providing warehouse management and local transportation services for the global publishing company. The facility is expected to handle more than 2 million books per annum.
Mr Thomas Pang, CEO of Keppel T&T said, "Keppel Logistics' strong track record in providing quality warehousing and third-party logistics services has enabled us to build lasting partnerships with our clients. We are delighted that our productivity and efficiency have paved the way for our maiden foray into Australia and more opportunities in the Asia Pacific region."
Keppel Logistics' move into Australia follows an agreement with Wiley Singapore in 2013 to provide similar services in Singapore, serving the ASEAN market. Keppel Logistics' facilities in Singapore also house the Regional Distribution Centres of other leading publishers, handling some 1.5 million books per month.
The above mentioned transaction is not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for the current financial year.