Joint venture in Thailand
A new alliance in Thailand. Ratanakorn Asset, a Thai real estate company, and FLS have set up FLS Supply Chain Centers, a joint venture to design, build and operate warehouse complexes in the country. The logistics service provider FLS, headquartered in Laem Chabang, was founded in 1993.
The first such project will be developed in Maptaphut, Rayong, and involves in its first phase a 10,000 sqm warehouse for the storage and handling of hazardous chemicals. The facility will also include a chemical processing and repackaging facility. The JV plans to complete the first phase by May 2022.
In a second phase, additional warehouses will be constructed as well as a well-equipped container yard for dry cargo containers and ISO-tanks to support the growing demand for specialist chemical logistics services.
The companies have also reached an agreement in principal to further expand into the Bangkok Metropolitan and Eastern Seaboard area to build and operate warehouses supporting the food, consumer and automotive industries. (sh)