YCH SPICES UP SCM CAPABILITIES IN INDIA
- Inauguration of the 525, 000 sq feet YCH DistriPark to support manufacturing logistics and pioneering true VMI operations for MNC manufacturers and suppliers tapping on the growing potential of SEZs in India
- YCH expands presence in India with last mile delivery network and plans for strategic DistriParks across India
Chennai, India, 6 May 2010 - YCH India, the local operations of leading Singapore-based logistics and supply chain management (SCM) company YCH Group, today announced the Official Inauguration of its 525, 000 square feet YCH DistriPark in the Sriperumbudur area of the Chennai Special Economic Zone (SEZ). Having been in operations in India since end 2006, YCH has within these few years, already established a comprehensive network across the country to service its growing MNC customers.
From being just a simple transportation company in 1955 to becoming an advanced SCM solutions company across Asia today, YCH has over the last 55 years developed award-winning supply chain optimization and tracking technologies that are able to streamline and optimize supply chain flows to boost manufacturing and distribution throughout India. In view of the country�s 1.2 billion population, the Group is also excited to tap on India�s consumption boom through supporting the various manufacturing logistics and consumer fulfillment requirements of its world-class clientele via its proprietary order-fulfillment solutions and last-mile delivery network across 11 satellite hubs and 53 cross docking locations throughout India.
�YCH sees the existing challenges related to warehousing infrastructure in India as an opportunity to build a network of key DistriParks across the country to facilitate end-to-end logistics and SCM services for world-class companies like Dell. The official launch of our first green DistriPark in Chennai today not only marks an important milestone in our foray into India, it also represents our commitment to boost SCM capabilities and develop symbiotic partnerships with our MNC customers to support their growth and expansion across India,� said Dr Robert Yap, Chairman & CEO of YCH Group.
As Asia�s leading VMI (Vendor Managed Inventory) hub operator with extensive operations across China, YCH is proud to be the first company to pioneer true VMI operations for the electronics industry in India. The state-of-the-art DistriPark has been supporting the manufacturing logistics processes and VMI operations for Dell and its suppliers in India since February last year, allowing Dell to achieve optimum inventory and deliver a flexible and highly agile supply chain as it penetrates rapidly across the country.
Strategically located along the Chennai-Bangalore Highway, the eco-friendly and energy-efficient YCH DistriPark is also the first warehouse facility in India to be awarded the Gold Status for Leadership in Energy and Environmental Design (LEED) certification by the Indian Green Building Council (IGBC) . Its prime location within the Chennai SEZ and close proximity to other nearby SEZs is another feature advantage, as the SEZs have an estimated year-on-year growth of 53 per cent driven mainly by the electronics industry that is expected to reach US$40 billion by the end of 2010.
Singapore Minister for Foreign Affairs George Yeo, who was Guest-of-Honour at the inauguration event, said, "YCH is a good example of a Singaporean company that has successfully ventured abroad. I am glad that YCH has opened up a DistriPark in India. It shows our companies' optimism about India's economic growth prospects. Singapore was India's second largest investor from 2000 to 2008. I hope that Singapore companies like YCH Group will catalyse more Singapore investments into India".
Guest-of-Honour, Singapore�s Minister for Foreign Affairs, BG (NS) George Yeo, & Chairman & CEO of YCH Group, Dr Robert Yap officiate the inauguration of YCH DistriPark in Chennai, India on 6th May 2010.
The team that made YCH success in India possible.
With a mission of becoming the No. 1 Supply Chain Solutions Company in Asia, the official launch of this latest green YCH DistriPark in India adds to the growing list of strategic long-term investments by the Group as it grows from strength-to-strength in India and the entire Asia Pacific region.
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, Canon, ExxonMobil, B Braun, LVMH and Royal FrieslandCampina. YCH Group�s suite of innovative award-winning end-to-end supply chain management solutions such as Intribution�, Intrabution� and Retrogistics�, 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, Vietnam and Korea.
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. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and was a consecutive winner of the highly-regarded Frost & Sullivan ASEAN 4 Logistics Awards for being Singapore�s Best Domestic LSP and Best IT/Electronics LSP two years in a row. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry. Recently, YCH also clinched the prestigious National Infocomm Award 2008 for its RFID-enabled �High Performance Supply Chain Nerve Centre� and was conferred the �Asian 3PL of the Year� award three years in a row by Supply Chain Asia in 2007, 2008 and 2009.
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