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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Expolanka to construct Rs.600 Mn Warehouse Facility

Expolanka to construct Rs.600 Mn Warehouse Facility

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Jul 02, 2012 (LBT) - The Expolanka Group announced plans to construct a state-of-the-art, iconic, green, warehouse to provide value added logistics services to the group’s rapidly expanding client base.

A BOI project, this warehouse facility will be called Logistics Parks Pvt Ltd is scheduled to be operational by March 2013.

Strategically located at Avissawella Road, Orugodawatte, the Rs. 600 Mn warehouse will consist of an area of approximately 100,000 square feet.

Parallel to this, Expolanka will also construct a 20,000 sq ft state-of-the-art office complex adjacent to the warehouse in order to provide administrative and management services to the operation of the warehouse.

CEO of Expolanka Freight, Jagath Pathirane said that the primary objective of this project was to construct and operate a Warehouse Facility which is able to provide end-to-end logistics solutions to the Company’s valuable customers and to maintain its profile as a market leader and innovator in the logistics industry.

“The proposed Warehouse Facility will complement our existing business and enable us to market our services better to our customers. In addition, the warehouse will drive forward our corporate objective of positioning Expolanka as providing End-to-End Logistics Services”, he added.

With the Liberation of the North and East, the country is expecting tremendous growth potential in various industry sectors. There is a significant boom in the pace of development in most sectors of business. The Government has clearly stated in its policy plans that it has strong plans for the development of the Ports of the country and has identified the key developments taking place at the Colombo Harbour and also the development of the Hambantota harbour.

Expolanka’s new state-of-the-art Warehouse Facility is expected play a pivotal role in Sri Lanka’s logistics industry. It will aid the Group’s Logistics Sector to grow its businesses exponentially and thereby firmly establish Expolanka as a market leader in the logistics business.

Enjoying a presence both in Sri Lanka and overseas with operations in over 45 cities in 15 countries and across several continents, the Expolanka Group’s Freight Forwarding Sector is one of the major contributors towards the Group’s overall operations. Established in 1982, Expolanka Freight has emerged as Sri Lanka’s leading provider of Freight Forwarding & Supply Chain Management solutions. In fact the company’s indulgence in servicing the logistics needs of the Apparel Industry has earned the company the recognition as a “Leading Fashion Logistics” company.

Expo Freight is a top player in the markets it operates in - Sri Lanka, Bangladesh and India. Market leader in the fashion vertical, it services many destinations and has won numerous awards from business partners and suppliers alike. Due to this fact, the company meets many compliance requirements imposed by its various business partners both statutory and otherwise.

One of the key pillars of success for the Freight Sector is the integration of its overall business operations, the relationship with its business partners which has spanned more than two decades, and, its experiences and committed staff. Added to this are the strong leadership afforded by its management team coupled with the infrastructure capacity of the company reflected by its continuous pursuit of technological expertise.
http://lbt.lk/news/business/2201-logistics-park

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