A Second Singapore Expansion
for Menlo Logistics
Menlo Logistics (Menlo), the US$1.5 billion global logistics and supply chain management subsidiary of Con-way Inc., dedicated its new state-of-the-art warehousing and distribution management centre in Singapore on May 6th. The new, 50,000-sq.-m. (538,200-sq.-ft.) Benoi centre brings the company's footprint in Singapore to eight facilities totaling 219,700 square meters (2.3 million sq. ft.). The expansion spotlights Menlo's commitment to investing in the growing market for distribution services in Singapore, and the country's rising prominence as a strategic logistics hub for Asia.
"Singapore and the regional Asia markets are some of our fastest growing sectors, due in large part to our strong market share and industry-specific expertise in wine and spirits distribution," said Robert L. Bianco Jr., president of San Francisco, California-based Menlo Logistics, who will headline Menlo's dedication ceremony here today. "Our long-term lease for this facility with our real estate partner, Mapletree Logistics Trust, is another demonstration of Menlo's commitment to the Singapore market, not only in wine and spirits, but also in distribution capacity for automotive, consumer electronics and apparel, aerospace and industrial. We are investing to grow with our customers."
Menlo is a leading global provider of logistics, transportation management and supply chain services with operations on five continents. Established in Singapore over a decade ago, the company's services range from dedicated contract logistics to warehousing, distribution and transportation management; supply chain engineering and other value-added services across multiple industries.
Representing a capital investment of S$127 million by Mapletree Logistics Trust (MLT), the new distribution centre with a gross floor area of 92,500 square meters (99,567 sq. ft.) features specialized warehousing capabilities for servicing the global wine and spirits industry. It also supports the warehousing and logistics requirements of various clients engaged in a variety of other industries for which Singapore is a growing market. The facility has been awarded the prestigious Building and Construction Authority's Green Mark Platinum Award, the highest certification for sustainable buildings in Singapore.
The Benoi facility elevates Menlo to be the largest tenant of MLT, with leased warehouse space across seven properties inSingapore, Malaysia, Hong Kong and China, noted Ms. Ng Kiat, Chief Executive Officer of Mapletree Logistics Trust Management Ltd, the manager of MLT.
"We have been working with Menlo, our valued customer, over the last nine years to support its continued growth across Asia. Menlo's commitment to this project and our growing relationship underscore MLT's position as a preferred partner of choice for customers seeking quality logistics real estate solutions in the region. We look forward to strengthening this partnership further as Menlo continues on its growth path," said Ms. Ng. "This redevelopment project has transformed Benoi Logistics Hub from an old, single-story warehouse into a modern, five-story ramp-up facility with significantly improved efficiency and capabilities. We will continue to look out for asset enhancement or redevelopment opportunities that are aligned with the expansion needs of our customers like Menlo, while concurrently unlocking additional value from our portfolio," she added.
"Our customers expect consistent, efficient, high-quality service, and this new facility, coupled with our commitment to sustainable business practices and Lean continuous improvement, delivers on that promise," noted Menlo's Bianco.
The opening of the new Benoi facility comes on the heels of Menlo's new Sunview Way distribution centre, which opened inNovember 2012. Menlo's existing network of seven facilities is located throughout Singapore with 400 employees and provides dedicated and multi-client inventory and distribution management. The company services over 200 Singapore businesses and multi-national companies in sectors such as automotive, high-tech, consumer goods, industrial, aerospace and wine and spirits distribution. The Benoi facility will serve as one of Menlo's most advanced warehouses for storage and distribution, high-value-added services like picking and packing operations, customized labeling and return management services. More than 100 employees will support its multi-disciplined operations. Menlo also operates additional multi-client logistics facilities in Southeast Asia, as well as China, India, Australia, North America and Europe.