FM Logistic starts construction on a new $30m warehouse and distribution centre in Bac Ninh, which is located 20km from Hanoi, Vietnam. The new multi-client facility will provide 52,000 sq m of storage space for up to 70,000 pallets. Completion of the first phase (21,000 sq m) is expected in spring 2020.
Among the customers interested in the Bac Ninh distribution centre is Brenntag, a global market leader in chemical distribution. They are expanding their collaboration with FM Logistic to include temperature-controlled products.
The warehouse was designed by NG Concept, a subsidiary of FM Logistic, to handle a wide range of items, including temperature-sensitive and hazardous products. Services offered at the warehouse will include storage, handling, co-packing and distribution. Furthermore, from May 2019, FM Logistic will also start operating a rented 6,500 sq m warehouse in An Phu, Binh Duong, less than 30km north of Ho Chi Minh City.
Hamza Harti, managing director for FM Logistic in Vietnam said, “The Bac Ninh warehouse and distribution centre will support the development of food, retail, FMCG, industrial and cosmetics companies on the booming Vietnamese market. It will also increase FM Logistic’s warehousing space in Vietnam almost tenfold, at a moment when class A-warehousing is in high demand. This testifies to our commitment to investing in Vietnam “.
Source: FM Logistics
