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            september 22, 2019

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PSA, SCG Logistics Management set up JV


PSA Thailand and SCG Logistics Management Company Ltd are establishing a joint venture company in Thailand, called SCG-PSA Holdings to develop and operate the Thai Prosperity Terminal in Thailand that will be rebranded Thai Connectivity Terminal (TCT).
The joint venture will "serve as a springboard for potential joint exploration and investment in supply chain related opportunities across the region, with a major focus on Thailand," a joint company press release said.
Situated along Thailand's Chao Phraya River in Bangkok and in close proximity to the city centre and industrial estates, the TCT directly serves the hinterland in and around Bangkok. TCT is also well connected to the deep-sea port of Laem Chabang, allowing it to cater to the varied needs of local and regional cargo owners.
"By additionally leveraging the PSA Group's digital platforms such as Global PORTNETTM and CALISTATM, TCT is well-positioned at the heart of Thailand's push to be the hub of regional connectivity, both physically and digitally," the statement said.
Said PSA International's Southeast Asia CEO Ong Kim Pong: "We look forward to working alongside SCG Logistics to offer customised supply chain solutions in Thailand and across its borders, and are confident that this partnership will flourish in the years to come."
Said SCG Logistics Management managing director Paitoon Jiranantarat: "This partnership would enrich logistics services of SCG Logistics in the areas of port, freight management and import/export. This would enhance us to be able to provide seamless logistics solution in ASEAN region."

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