LogiPark International invests US$ 14 m in integrated logistics hub | Sunday Observer

LogiPark International invests US$ 14 m in integrated logistics hub

John Keells Holdings Chairman Krishan Balendra addressing the gathering
John Keells Holdings Chairman Krishan Balendra addressing the gathering

LogiPark International (Pvt.) Ltd. (LPI), a fully-owned subsidiary of John Keells Holdings PLC (JKH) and sister company of John Keells Logistics (Pvt.) Ltd. (JKLL), a third party Logistics Services Provider (LSP) in the Sri Lankan market, embarked on its flagship integrated logistics centre with the groundbreaking ceremony at the Muthurajawela Logistics Zone recently.

Chairman of JKH, Krishan Balendra, Group Finance Director and Deputy Chairman JKH, Gihan Cooray, the Sector committee of the JKH Transportation Group, Chairman and the board of the Sri Lanka Land Reclamation and Development Corporation, the Board of Directors of the BOI, the management teams of LPI and JKLL were also present.

With an estimated initial investment of US$ 14 million and a footprint span of over 230,000 square feet; the LPI integrated logistics centre is set to be up and running by end-March 2020. It is expected to create over 40,000 CBM of inventory holding capacity with a handling capability exceeding 300,000 CBM a month.

CEO of LPI and JKLL Senath Jayathilake said, “With Sri Lankan industries and commerce intensifying its integration into global supply chains, LogiPark International’s world class integrated logistics centre will be strategically positioned to offer a one-stop-shop logistics service platform for local and international players to drive supply chain efficiency and capability.”

The centre will also have multi-tiered value-added service (VAS) areas catering to a broad range of Industry verticals including FMCG, apparel, electronics, chemical, lubricants, telecommunication, perishable and general trading. These VAS areas will leverage latest technologies in task automation and product packaging to enable a cost-efficient service delivery in compliance to global standards of excellence. The strategic location of the centre in proximity to the highway master plan of Sri Lanka as well as the international airport and seaports creates a service proposition to seamlessly link local industries and consumer markets to international supply chain gateways, a spokesman for the company said.

The Transportation Sector of JKH, through its 3PL arm JKLL currently caters to supply chains across multiple industry verticals with a client portfolio consisting of industry leaders in local and international markets.