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Integrated Logistics to expand ops

KUALA LUMPUR: Integrated Logistics Bhd expects to spend RM200mil in three years to expand its business in China and Dubai.

Integrated Logistics (China) Co Ltd head of corporate finance and investment Eric Tay said the amount was for the expansion of its warehouse to 4 million sq ft from 1.8 million sq ft currently.

"Of the total investment, 40% will come from loans and 60% internal funding," he said after the company's AGM yesterday.

"Areas that have caught the company's attention include Yentien Province and the northern region of China where demand for logistics is expected to increase over the years."

He said the company's warehouse in Dubai would be a 50:50 partnership with a local company there and was expected to contribute to group revenue next year.

- Bernama