FM Logistic CEO Jean-Christophe Machet talks with Hamza Harti, country general manager, Vietnam. Photo by FM Logistic
logistics and transport company FM Logistic will break ground tomorrow on its
US$ 30 million warehouse and distribution centre in Bac Ninh, 20 km of Hanoi,
to tap on the fast-growing outsourced logistics market in Vietnam.
completed, the new multi-client facility will employ around 300 people and
provide 52,000 sqm (560,000-square-foot) of storage space for up to 70,000
pallets. Completion of the first phase (21,000 sqm) is expected in spring 2020.
“The Bac Ninh warehouse and distribution centre will support the development of food, retail, FMCG, industrial and cosmetics companies on the booming Vietnamese market. Hamza Harti, FM Logistic’s country managing director for Vietnam
“The Bac Ninh warehouse and distribution centre will support the development of food, retail, FMCG, industrial and cosmetics companies on the booming Vietnamese market.
The French ambassador to Vietnam, Bertrand
Lortholary, is expected to attend the breaking ground ceremony. Among the
customers interested in the Bac Ninh distribution centre is Brenntag, a global
market leader in chemical distribution. “After one year of satisfying
cooperation with FM Logistic in Bac Ninh, we have decided to expand this cooperation
to temperature-controlled products. The new distribution centre will provide us
with more space to absorb our important growth,” says Vuong Le Minh,
Supply Chain Senior Manager, Brenntag Vietnam.
The demand for logistics is
rising in Vietnam, one of the world’s fastest growing economies with a GDP
growth of 7% in 2018. The increasing domestic manufacturing, the rise in wages
and consumption, the young population and booming e-commerce are also driving
the Vietnamese logistics market. This presents opportunity for international
3PL companies providing value-added logistics services and last-mile delivery.
“The Bac Ninh warehouse and
distribution centre will support the development of food, retail, FMCG,
industrial and cosmetics companies on the booming Vietnamese market. It will
also increase FM Logistic’s warehousing space in Vietnam almost tenfold, at a moment
when class A-warehousing is in high demand. This testifies to our commitment to
investing in Vietnam,” says Hamza Harti, FM Logistic’s country managing
director for Vietnam.
The facility has been
designed by FM Logistic’s sister company NG Concept to handle a wide range of
items, including temperature-sensitive products, fast-moving consumer
goods, electronic appliances, spare
parts and hazardous products. Services offered at the warehouse will include
storage (whatever the temperature requirement), handling, co-packing (or value
added services, as they are called in Vietnam) and distribution. The flow
optimization inside and outside the facility make it suitable for
high-demanding modern retail operations.
From May 2019, FM Logistic will also start operating a rented 6,500 sqm warehouse in An Phu, Binh Duong, less than 30km north of Ho Chi Minh City.
Source: FM Logistic
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