HOME > About YCH > Milestones
Milestones
The Early Years - 1955 to 1970s
We were established in 1955 as a small local passenger transportation business under the name of Yap Chwee Hock Transport and General Contractors ("YCH Transport"). In 1973, YCH Transport was converted from a sole proprietorship to a private limited enterprise and was renamed Yap Chwee Hock Transport Pte Ltd, which is today known as YCH Global Logistics Pte Ltd.
Your Partner in Total Logistics™ - 1977 to 1990s
In 1977, we undertook a strategic decision to redirect our passenger transportation business to cargo transportation and in the following year, became one of the major cargo transport contractors for the then Port of Singapore Authority. In the early 1980s, we diversified into the business of warehouse leasing and the provision of freight forwarding services via the acquisitions of Freight Connections Worldwide Pte Ltd and Regional Forwarding & Warehousing Management Pte Ltd ("RFWM") in 1982 and 1983 respectively. RFWM was incorporated in Singapore on 6 October 1980 as a private exempt limited company and was renamed YCH Logistics Pte Ltd on 17 March 1989. In 1999, YCH Logistics Pte Ltd was renamed YCH Group Pte Ltd and presently serves as our holding company.
In the mid-1980s, we grew from a warehousing and cargo transportation provider to an integrated third party logistics company providing services such as warehousing, distribution inventory management and freight management. In line with the growth of our business, we established a number of distribution centres to manage the warehousing and regional distribution for MNC clients in 1991. We developed and completed our present headquarters, known as YCH DistriPark, in 1992. The establishment of YCH Malaysia in 1991 marked our first foray overseas. In 1993, we set up PDC-YCH DistriPark Sdn Bhd, a 51% owned joint venture with Penang Development Corporation, to operate a distribution hub in Penang. This joint venture in Penang is fully operated and managed by YCH. In 1993, we also opened the Roche Distribution Centre in Singapore to manage the logistics needs of Roche. In 1994, we expanded into China and set up operations in Shanghai to operate a distribution hub by way of a 51% owned joint venture with Shanghai Wai Gao Qiao Free Trade Zone United Development Co and China Ocean Shipping Agency Shanghai. This joint venture in Shanghai is fully operated and managed by YCH.
Evolving into a Supply Chain Solutions Partner - 1995 onwards
In 1995, we made an investment to build an automated storage and retrieval system warehouse in Singapore. In 1997, we commenced operations in Hong Kong through the establishment of YCH Hong Kong.
With the growing trend of logistics outsourcing and the increasingly complex requirements of our clients, we further expanded our services to include the provision of supply chain management services through a suite of supply chain solutions, namely Intribution™ (raw materials management to support manufacturing) in 1996, Retrogistics™ (service and returns management) in 1998 and Intrabution™ (consumer goods distribution) in 2000.
In 1996, we were awarded an Innovation Development Award under EDB's Innovation Development Scheme, for the development of the Intribution™ solution. We were appointed by Compaq Asia to implement our Intribution™ solution to service its Asia-Pacific manufacturing operations in the same year. Today, we have implemented the Intribution™ solution for our various clients, such as Natsteel Electronics in Singapore and Mexico, Motorola in Singapore and China, Gateway in Malaysia, MiTac in Taiwan and Solectron in Mexico.
In 1999, YCH Logistics Pte Ltd was renamed YCH Group Pte Ltd and presently serves as our holding company.
|