Indo-Trans Keppel Logistics Vietnam Co., Ltd has formed a joint venture company (JV Co) with TANIMEX Group to provide exclusive logistics services at Logistics Park inside Tan Binh Industrial Park, Ho Chi Minh City, Vietnam.The JV Co, ITL Keppel Tanimex Logistics Company Limited, will be 80% owned by ITL Keppel and 20% owned by the TANIMEX Group. The joint venture is conditional upon the approval from relevant authorities. The JV Co’s registered capital of US$3 million will be contributed by the parties in cash, proportionate to their shareholdings.

Mr Pang Hee Hon, CEO of Keppel T&T, said, “Our Vietnamese partnerships have allowed Keppel T&T to expand its network to tap into the opportunities offered by the rapid growth of Vietnam. As the exclusive operator for the Logistics Park, we will leverage its proximity to the city centre to meet the growing needs of the nearby commercial and industrial companies.

The JV Co will operate 15,000sqm of warehousing space from the first phase development of Tan Binh Logistics Park and 10ha of land for the second and third phase. The JV Co will focus on providing the logistics services to high-end products in this area, including: dairy, nutritional, pharmaceutical products, electronics and FMCG.

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Mr. Tran Quang Truong – Tanimex Deputy General Director delivered speech at ceremony
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New Joint-venture agreement signing with Tanimex