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The first such project will be developed in Maptaphut, Rayong and involves in its first phase a 10,000 sqm state-of-the-art warehouse for the storage and handling of hazardous chemicals.
The facility will also include a chemical processing and repackaging facility. The JV plans to complete construction of the first phase in May 2022.
Torbjörn Larisch, Group Managing Director FLS: ‘Today marks another milestone in the growth of the FLS Group. As we further diversify our activities into logistics and warehousing this is the first time FLS is investing into assets on such a scale. Rattanakorn Asset is the perfect partner for us with their long track record of investing into a wide range of projects on the Eastern Seaboard. We firmly believe in the growth potential of Thailand at the center of ASEAN and the projected fast development of the Easter Economic Corridor (EEC).‘
In a second phase, additional warehouses will be constructed as well as a well-equipped container yard for dry cargo containers and ISO-tanks to support the growing demand for specialist chemical logistics services.
The two companies have also reached an in principal agreement to further expand into the Bangkok Metropolitan and Eastern Seaboard area to build and operate warehouses supporting the food, consumer and automotive industries.
Source: FLS Group, Thailand(Press release)
