Bangkok – TICON Industrial Connection Plc.(TICON), the leading provider of smart industrial platform, which will be renamed Frasers Property (Thailand) Plc., has now actively expanded its business in line with its strategy. In the latest development, TICON and its strategic partner Sahathai Terminal Public Company Limited (Sahathai Terminal), which is Thailand’s leading provider of comprehensive port and logistics services, have signed an agreement to jointly establish Bangkok Logistics Park Company Limited for the investment, development and management of a logistics park and distribution center of over 50 rai of land with close proximity to Bangkok. The partnership seeks to respond to the needs of our alliances’ customers and entrepreneurs in e-commerce, logistics, and shipping industries. With these industries growing significantly in the digital age, TICON is confident that this business partnership will prosper solidly.
Mr. Sopon Racharaksa, President of TICON Industrial Connection Plc. (TICON), reveals that the e-commerce and shipping industries have been growing significantly which results in the increasing demand for warehouse storage and distribution center. Recognizing the trend as opportunity, TICON and Sahathai Terminal had agreed to partner in the joint venture company, Bangkok Logistics Park, with the investment ratio of 75-25. This collaboration will increase the competitiveness of both parties and enable to deliver comprehensive services that meet the needs of our customers.
“The partnership creates a new dimension of industrial property development through the powerful synergy, combining the strengths of two alliances from two different businesses. TICON will lead the development of the logistics park and warehouses that will demonstrate high building quality standards and excellent property management Sahathai Terminal, meanwhile, will provide total solutions in shipping and terminal management for the logistics park and distribution center that located near Bangkok. Upon completion of the development, the net lettable space is anticipated more than 40,000 square meters. The construction is expected to be commenced in the third quarter of 2019. This project promises to build up further successes for our existing businesses as all partners will then be able to offer the most comprehensive services and solutions to customers across industries. We are confidence that our collaboration with Sahathai Terminal will also increase Thai logistics industry’s competitiveness and efficiently drive its growth” Mr. Sopon continues.
Mrs. Sauwakun Karuchit, Chief Executive Officer of Sahathai Terminal Public Company Limited (Sahathai Terminal) says, “Our terminal has presently spanned over 315,200 square meters and consists of a container maintenance and repair facility, on site customs clearance as well as the full complement of marine terminal equipment. We are well ready to cater to customers’ different needs with modern solutions and services that are in line with international standards, and set policy to constantly develop business for rendering the most comprehensive services possible. Being partner with TICON, we trust that this collaboration will complement our business network and expansion while strengthening our competitiveness and capability to provide wider ranges of services to our customers.”
About TICON Industrial Connection Plc.
TICON Industrial Connection Plc. (TICON), which will be renamed to Frasers Property (Thailand) Plc., the leading provider of smart industrial platform, is committed to deliver end-to-end solutions of industrial and logistic park development that meets the requirement of customers in the Industrial 4.0 business environment.
TICON presently operates under three business groups. The Industrial Property Group provides integrated development of industrial properties with a strong portfolio of factory and warehouse of over 2.7 million square meters under management in more than 50 strategic locations nationwide. Factory and logistic park offered by TICON encompass both ready-built and built-to-suit facilities. The subsidiary, TICON Logistics Park Co., Ltd (TPARK) is the first developer and operator of logistics parks in Thailand. To expand its industrial properties development overseas, TICON entered into Indonesia in 2015 as its first investment destination outside Thailand.
Two other business groups under TICON are “Data-Center”, which TICON partners with Singapore-based and world-class data centre provider STT GDC to develop the first large-scale data centre facility located in the heart of Bangkok; and “Smart Solutions” that TICON partners with Southeast Asia’s largest premium co-working space provider JustCo to operate co-working business in Thailand. These new partnerships will enable TICON to expand the new paradigm of services to the customers.
In addition, TICON has established TICON Freehold & Leasehold Real Estate Investment Trust (TREIT), with its subsidiary TICON Management Co., Ltd. (TMAN) as the REIT manager. TREIT is currently the largest Industrial REIT in Thailand with total asset value of over 35 billion baht.
For more information, please visit www.ticon.co.th
ABOUT Sahathai Terminal Public Company Limited
Sahathai Terminal Public Company Limited (PORT) is Thailand’s leading provider of comprehensive port and logistics services. Established in 2007, the port has now operated its services over 315,200 square meters of area. Its facilities include container maintenance and repair facility, on site customs clearance and the full complement of marine terminal equipment. All the services are provided with great flexibility so as to cater to various different needs of customers. The firm presents not just modern solutions but also international standards, with expert staff on hand to support customers in all aspects. While Sahathai Terminal has operated a port as its core business, it has pursued further business opportunities and constantly introduced new solutions for the purpose of delivering comprehensive services to customers. The ultimate goals are to achieve continued business growth and establish itself as a total logistics solution provider.
For more information, please visit www.sahathaiterminal.com
Press Contact: Verve
Kanpichaya Naiyaraksaeree (Fha) 097-281-4604, email: [email protected]
Peeranuch Choknakhawaro (Prik) 02-204-8200, 088-914-5449, email: [email protected]