YCH to support logistics growth in rapidly urbanizing Western China
- State-of-the-art YCH DistriParkTM facility in Shuangliu will better service brand owners and manufacturers in Sichuan province to feed increasing consumption growth
SINGAPORE, 20 April 2015 - YCH Group, Asia Pacific's leading integrated end-to-end supply chain management and logistics partner to global MNCs and leading e-commerce companies, today signed a Memorandum of Understanding (MOU) with the Shuangliu County Municipal Government to develop a high-tech YCH DistriParkT within the Shuangliu Aviation Economic Zone to fulfill end-to-end logistics outsourcing needs of manufacturing and distribution companies in this up-and-rising international aviation and logistics hub of Western China.
The MOU was signed at the 16th SSTIC (Singapore-Sichuan Trade & Investment Committee) Council Meeting and SSTIC Aviation Industry Roundtable held at the Singapore Expo, where it was witnessed by the SSTIC Chairmen, Sichuan Vice Governor Mr. Gan Lin as well as Singapore's Minister for Culture, Community and Youth, Mr. Lawrence Wong and other dignitaries.
Shuangliu country, located southwest of Chengdu in the Sichuan province ranks as the top performing county by economic development for all western counties. It is home to the fourth busiest airport of China, where its status as a crucial aviation and logistics hub is expected to form the impetus for the region's economic growth. Mr Yi Jun, Deputy Director of the Sichuan Investment Promotion Bureau and Co-Sec Gen for the SSTIC, said at the MOU signing, “With Sichuan's focus on high-end manufacturing and digital IT services, it is imperative that we tap on specialists from the logistics and infrastructural domains to enable our continued growth as a key logistics hub of Western China. We are delighted to welcome YCH, an international player and Singaporean brand with in-depth solutions and entrenched presence in the whole of Greater China region, on board our journey to enhance the overall business value proposition to both domestic companies and foreign investors that are rapidly growing in our Sichuan province.”
The YCH DistriParkTM in Shuangliu will be designed as a highly energy-efficient and modern warehouse providing sophisticated logistics value-added solutions, cold chain capabilities, bonded solutions and the Group's signature City Supply ChainTM solution to enhance last mile distribution and consumer fulfillment in the region. Given its strategic location within the aviation zone, customers will also benefit from the seamless connectivity made possible by the multitude of international freight and trade lanes. With a total investment of approximately SGD 100 million, the completed DistriParkTM would span over 150mu.
Mr. Kwek Hwai Wee, General Manager of YCH Chengdu said, “Ever since our entry into Western China through Chengdu's Wuhou district in 2008, we have seen the rapid advancement of the Sichuan province and its aspirations to continuously adopt and build best-in-class urban and transport solutions to supplement its strong manufacturing capabilities. YCH is honoured to be selected as one of the local government's preferred logistics partners to facilitate the exciting developments of the region's business and industrial sectors, both in supporting the growth of our own customers as well as reinforcing Shuangliu's unique role in Sichuan province as a key logistics gateway for Western China and the region.”
Since the mid 90s, YCH has built a comprehensive network in China with more than 30 registered companies and a growing presence in various key cities such as Tianjin, Shanghai, Beijing, Hangzhou, Suzhou, Kunshan, Xiamen, Shenzhen, Guangzhou, Chengdu, Macau and Hong Kong servicing both local companies as well as MNCs such as Dell, Carrefour, Samsung, Lenovo, GSK, Yum!, Coca Cola, Amore Pacific and Ferrero. In addition to Sichuan, the Group has also recently inked several collaborations with various strategic partners to modernize logistics in the Shandong province.
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 deliver powerful competitive advantages that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, as well as e-commerce. A strong proponent of innovation, YCH is recognized for its 7PLTM approach in seamlessly integrating supply chain strategy with execution.
As an extended family enterprise, YCH was awarded the May Day Model Partnership Awards 2014 for embracing diversity, encouraging continuous learning and the creation of a productive, resilient and sustainable workforce. The organization also won the Supply Chain Asia 'Overall Partner of the Year' and 'Supply Chain Security' awards in the same year, demonstrating its strong commitment to developing symbiotic partnerships with world-class customers.
YCH commemorates its 60th anniversary Diamond Jubilee this year in 2015, with a revamped CSR focus on Education, Environment and Engagement.
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