Damco to invest US$4 million in new logistics center
By Binh Nguyen - The Saigon Times Daily
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| Nguyen Duc Thuan (L) of TBS Group and Narin Phol of Damco sign the contract in Binh Duong Province on Tuesday - Photo: Courtesy of Damco |
HCMC - Major logistics firm Damco will spend more than US$4 million on an integrated logistics center in Di An District in the southern province of Binh Duong.
Damco announced the investment on Tuesday when it clinched a contract with Thai Binh Shoes (TBS) Group in the province.
Damco would fully operate the warehouse built by TBS Logistics - a transport and warehousing services provider under the group.
The facility would be a part of Damco’s strategy to strengthen its network in Vietnam, with nine existing warehouse sites totaling 37,000 square meters at key gateways across the country.