YCH designs 'park within park' concept in Iskandar's Nusajaya Tech ParkState-of-the-art DistriParkTM intended to provide ultimate convenience and accessibility for park tenants and companies requiring end-to-end supply chain solutions
Iskandar, MALAYSIA, JUN 12th, 2014 - YCH Group ("YCH"), Asia Pacific's leading integrated logistics and end-to-end supply chain solutions partner signed an MOU (Memorandum of Understanding) with Malaysia's Nusajaya Tech Park Sdn Bhd ("NTPSB") today, to formalize their joint intent to develop a DistriParkTM within the Nusajaya Tech Park ("NTP") to cater to full suite logistics and supply chain activities required by companies located in Iskandar Malaysia. The MOU signing was conducted at the groundbreaking ceremony of the NTP, which was officiated by Guests-of-Honour, Y.B Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry, Malaysia and Mr. Lim Hng Kiang, Minister for Trade & Industry, Singapore.
As the closest industrial site to the Malaysia-Singapore Second Link checkpoint, the 210 hectares NTP boasts superior standards in security, infrastructure and amenities. Its strategic location just minutes away from the Port of Tanjung Pelapas and excellent connectivity to two international airports and several other seaports also make it an ideal node for YCH to optimize cross-border freight and provide various LOgistics Value-Added (LOVATM) and cold chain solutions for its world-class customers.
Mr Philip Tan, VP of ASEAN (seated, 2nd�from left) signing the MOU on behalf of YCH Group.
Management of Ascendas and UEM Sunrise (joint developer of the Nusajaya Tech Park), with YB�Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry, Malaysia and Mr. Lim Hng Kiang, Minister for Trade & Industry, Singapore, as well as partners from YCH, Sanwa Group, VADS Berhad and TM Enterprise.
Mr. Philip Tan, VP, ASEAN of YCH Group said, "We are honoured to be partnering NTPSB to strategize a distinct value proposition of providing customized logistics infrastructure to meet the diverse supply chain needs of tenants located onsite the Nusajaya Tech Park. This collaboration intent to include a DistriParkTM as part of NTP's master plan is slated to provide immediate, one-stop access to best-in-class, end-to-end SCM solutions through this unique 'park within park' concept."
Designed to house manufacturing companies in sectors such as precision engineering, electronics, pharmaceutical and medical devices, fast moving consumer goods (FMCG) and food processing, the NTP finds a strategic fit with YCH's existing customer portfolio. Mr William Tay, CEO of Ascendas Southeast Asia and Director of NTPSB, said: "Our goal in Nusajaya Tech Park is to build a competitive ecosystem around key growth industries, supported by efficient logistics and warehousing services. We are delighted to partner YCH, a notable fellow Singapore company, in our efforts to enhance Nusajaya Tech Park's attractiveness through their logistics expertise and strong track record in Malaysia as well as the Asia Pacific."
With a comprehensive distribution network across East & West Malaysia supported by DistriParksTM in Penang and Klang Valley, YCH first entered Malaysia in the early 90s and has since serviced many MNCs including Dell, BBraun, ZTE and Royal FrieslandCampina. This announcement of its intended foray into Iskandar Malaysia will further enhance the Group's network and presence in the growing ASEAN region.
Founded in 1955 and headquartered in Singapore, YCH Group is the leading end-to-end supply chain solutions partner to some of the world's largest companies and favourite brands across the Asia Pacific region. Its suite of innovative award-winning end-to-end supply chain management solutions - IntributionTM, IntrabutionTM, RetrogisticsTM - 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. A strong proponent of innovation, YCH is recognized for its 7PLTM approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry.
YCH will soon be relocating its corporate HQ to the upcoming Supply Chain CityTM - a state-of-the-art supply chain nerve centre in Jurong, Singapore that will feature a world-pioneering FusionarisTM (Fusion of ASRS & Ramp-up Integrated Solution) with modern office amenities catering to a knowledge ecosystem of supply chain talents. Touted as a mini Silicon Valley for logistics, Supply Chain CityTM seeks to inspire the future of supply chain in Asia.
For further information, please visit www.ych.com
Nusajaya Tech Park Sdn Berhad is a joint venture company between Ascendas and UEM Sunrise. Leveraging on the two partners' strengths and expertise, Nusajaya Tech Park Sdn Berhad is the master developer of Nusajaya Tech Park, a 210-hectare integrated tech park located at Gerbang Nusajaya in Nusajaya, Iskandar Malaysia.
Strategically located just minutes from Malaysia-Singapore Second Link Expressway, Nusajaya Tech Park comprises Ready-Built Facilities and land plots for Build-to-Suit developments, integrated with commercial spaces, dormitories, amenities and support facilities. Developed in phases over nine years, the park will support some 200 enterprises when fully completed.
For media enquiries, please contact:
Ms Tien Yushan, YCH Corporate Communications at Email: firstname.lastname@example.org or (65) 6417 2773 / 9772 7150.