October 7 - Kuehne + Nagel has begun construction on a logistics centre in the west of Singapore.
The new state-of-the-art facility will be located within close proximity to major manufacturers and ports, and will have 55 loading bays and five floors dedicated to storage, with a total warehouse floor area of over 46,000 sq m.
Of the warehouse space, 20,000 sq m will be used as a cold storage zone, while the remaining space will cater predominately for aerospace, spare parts and hi-tech products.
"Singapore is an important logistics hub for global trade thanks to its world-class infrastructure and excellent connectivity," said Karl Gernandt, chairman of Kuehne + Nagel International AG, adding that the facility will house 500 company specialists and serve customers across multiple industry sectors.
The facility is expected to be complete by the end of 2015.