- Second major investment in Tianjin within three years.
- Facility supports growing requirements of the company�s world-class customers and enhances expanding network and scalability in China and North Asia.
Tianjin, China, 28 June 2007
Leading Singapore-based logistics and supply chain management company YCH Group today announced the opening of its SGD 25 million Tianjin Airport Logistics Park, its second facility in the municipality in three years. The 5.2 hectare facility supports the growing requirements of the company�s world-class customers as they scale and expand their manufacturing capabilities in the region.
Dignitaries From L-R: Chairman & CEO of YCH Group, Dr. Robert Yap, Minister for National Development, Singapore, Mr. Mah Bow Tan, Secretary General of the Tianjin Municipal Government, Mr. He Ronglin, and Minister of State for National Development, Singapore, Ms. Grace Fu officiating the opening ceremony of YCH Tianjin Airport Logistics Park.
Mr Mah Bow Tan, Singapore�s Minister for National Development and Co-Chairman of the Singapore-Tianjin Economic and Trade Council, who was the Guest of Honour at the DistriPark�s official opening, said, �YCH is a sterling example of how Singapore firms can take their expertise and develop them further in markets like China. YCH has successfully connected with the Chinese market and can help develop the Chinese logistics sector by bringing in best practices and tactics in supply chain engineering. With the Singapore-Tianjin Economic and Trade Council in place, there will be an established platform to provide support for other Singapore firms� expansion in Tianjin, and to deepen the connection and economic exchanges between the two. Going forward, we will look into more areas where Singapore can contribute meaningfully to the municipality's growth."
�The YCH Group is a leading player in the regional logistics industry, and the opening of its DistriPark is a huge endorsement of Tianjin as a key port city and manufacturing centre in northern China. As an important, long term investor, YCH has contributed significantly to Tianjin�s development and the Tianjin government is committed to supporting YCH�s expansion. We will continue to ensure that YCH and other investors will be able to enjoy a pro-business climate with a large and relatively untapped market, competitive operational costs and skilled labour.� said Mr. Gou Lijun, Member of the Standing Committee of Tianjin Municipal Party and President of the Tianjin Binhai New Area Administrative Committee.
By bringing in best practices in supply chain management to Tianjin, YCH is also committed to developing local talent and expanding its base of supply chain professionals in the municipality. Coupled with Tianjin�s low cost base and favourable government incentives, this will form the winning combination to establish Tianjin as the preferred manufacturing base in terms of efficiency and competitiveness, for multinational companies seeking to invest or expand in China.
YCH is also continuously strengthening its stronghold in the rest of the Chinese market, as China is one of the group�s strongest growth regions. Upcoming investments include development plans in the Yangshan Free Trade Port area and the Lingang Logistics Park in Shanghai. �These exciting plans reaffirm our commitment to connect ideas, businesses and markets across the region. YCH will continue to pursue growth and expansion opportunities as we seek to broaden and deepen our footprint in the Asia Pacific,� added Dr Yap.
YCH is the 14th largest importer in China, as well as the top importer in Tianjin, having handled US$3.3 billion of imports in 2005. It is also the only foreign logistics and supply chain management company to be accorded the Tianjin Top 50 Exporter 2005 award, which recognizes leading enterprises that are significant contributors to trade activities in the municipality.
The company was one of the pioneer Singapore firms to enter the Chinese market, in Shanghai in 1992. It has since developed a comprehensive logistics network in the country with presence in Tianjin, Hangzhou, Xiamen, Shenzhen, Guangzhou, Macau and Hong Kong, serving various Fortune 500 companies such as Dell and Motorola.
About YCH Group
Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world�s largest companies, including Dell, Motorola, Solectron, Canon, Ciba Specialty Chemicals, Dystar, Solutia, Moet-Hennessy and Frisian Foods. YCH Group�s suite of innovative award-winning end-to-end supply chain management solutions - Intribution�, Intrabution�, Retrogistics�, Y-Merge� and V-Hub� - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. The Singapore-based company currently operates throughout Asia-Pacific, including Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Korea, Japan and Vietnam.
A strong proponent of innovation, YCH is recognized for its 7PL� approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. Besides being the past winner for the National IT Award and National Training Award, it is also a winner at the Second Annual Intelligent20 Awards by Intelligent Enterprise Asia, the IT Leaders Award by SCS, as well as the Asia Logistics Hall of Fame Award by Lloyd�s FTB. Other than receiving the National Training Award and Corporate HR Award, YCH is also ISO 9002, EMS 14001, OHSAS 18001 certified and a member of the Singapore Quality Class. More recently, YCH won the prestigious Singapore National Infocomm Awards in October 2004 and attained the highly-regarded Singapore Innovation Class in October 2005.
For media enquiries, please contact:
YCH Corporate Communications
Ms Tien Yushan at (65) 6417 2773 or Email email@example.com