FLS and Rattanakorn Sign Joint Venture Agreement to Accelerate Growth in Warehousing and Contract Logistics Services
BANGKOK, 21 October 2021 / PRNewswire / – Rattanakorn Asset and FLS recently signed a joint venture agreement to form FLS Supply Chain Centers, to design, build and operate specialized warehouse complexes through Thailand.
The first of these projects will be developed in Maptaphut, Rayong and involves in its first phase a state-of-the-art warehouse of 10,000 mÂ² for the storage and handling of hazardous chemicals.
The facility will also include a chemical treatment and reconditioning facility. The joint venture plans to complete the construction of the first phase in May 2022.
TorbjÃ¶rn Larisch, Managing Director of the FLS Group: âToday marks a new stage in the growth of the FLS Group. As we further diversify our business into logistics and warehousing, this is the first time that FLS has invested in assets on such a scale. Rattanakorn Asset is the perfect partner for us with its long experience of investing in a wide range of projects on the east coast. We firmly believe in the growth potential of Thailand in central ASEAN and the planned rapid development of the Easter Economic Corridor (EEC).‘
In a second phase, additional warehouses will be built as well as a well-equipped container yard for dry cargo containers and ISO tanks to meet the growing demand for specialized chemical logistics services.
The two companies have also reached an agreement in principle to continue their expansion in the Bangkok Metro and East Coast area to build and operate warehouses supporting the food, consumer and automotive industries.
FLS, headquartered in Laem Chabang, Thailand, has grown since its founding in 1993 to become a recognized regional provider of end-to-end logistics services offering tailor-made solutions for project logistics and heavy load transport, contract logistics (warehousing, national and cross-border trucking, activities repackaging and processing), customs clearance, documentation and freight forwarding services.
FLS is currently present in Thailand, Vietnam, Burma, Australia, Singapore, Indonesia, United States, Taiwan and Malaysia and is close to major Asian markets. FLS serves its multinational clients active in the automotive, chemical, energy, food, industrial manufacturing, medical device and offshore industries.
Rattanakorn Asset Group, headquartered in Pattaya, Thailand, has become since its foundation 20 years ago a real estate powerhouse with more than 33 billion THB assets under management mainly in Pattaya, Chonburi, Rayong and others Thailand. Its activities include residential housing and condominium projects, management and development of shopping centers and community shopping centers, development of hotels and resorts in cooperation with some of the world’s leading hotel brands – IHGÂ® , ONYX Hospitality Group, Yoo Worldwide and Ascott Limited. The company also develops co-working spaces and offices, training centers, self-storage solutions and is active in the restaurant and fitness industry. The group occupies a leading position in the manufacture and sale of organic mineral fertilizers. Its exponential growth has been supported by its internal activities of design, engineering, construction and prefabrication, associated with its real estate portfolio of more than 5 million square meters.
SOURCE FLS Group, Thailand