YCH Expands into Vietnam as part of overall strategy to strengthen regional network
Oct 1, 2009 12:00:00 AM
Binh Duong, VIETNAM, 1 October 2009 - Leading Singapore-based logistics and supply chain management (SCM) company YCH Group today announced that it will start operating in Vietnam. This move fulfills yet another milestone in YCH�s stated strategy to expand regionally across the Asia Pacific region. As part of its foray into Vietnam, YCH will also develop a state-of-the-art DistriPark in Binh Duong Province, which is just 20km away from Ho Chi Minh City. The US$20 million investment, jointly undertaken by YCH and Protrade Corporation, will cater to the supply chain requirements of industry clusters from electronics manufacturing to fast-moving consumer goods.
�YCH�s foray into Vietnam will enable our world-class MNC customers to tap on its immense potential as both a production base and a consumer market, as we fulfill their complex logistics and supply chain requirements in the country. Our entry into Vietnam also strengthens our regional network and propels us towards becoming the region�s leading end-to-end SCM solutions provider,� said Dr. Robert Yap, Chairman and CEO, YCH Group.
�Protrade is delighted to partner the region�s leading SCM player. The partnership will combine YCH�s world class solutions and best practices in supply chain technologies and processes with Protrade�s understanding of the local business experience and stature to meet the growing needs for value added services in Vietnam�s logistics industry,� said Mr Nguyen Van Minh, Chairman & CEO, Protrade Corporation.
The 6.9 hectare YCH-Protrade DistriPark will be built in two phases with a final capacity of more than 50,000 pallets. In line with YCH�s commitment to ensuring all its new facilities and equipment are environmentally friendly, the facility will meet the requirements for the Leadership in Energy and Environmental Design (LEED) certification, an internationally recognised US based certification which covers six key areas of human and environmental health: sustainable site development, water savings, energy efficiency, materials and resources selection, indoor environmental quality and innovation in design.
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We would like to thank all guests for witnessing the significant occasion
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A toast to YCH�s foray into Vietnam. From L-R: YCH Director of Corp Devt Mr Lun Kai Shen, YCH Chairman & CEO Dr Robert Yap, Vice-Chairman of the Binh Duong Province�s People�s Committee Mr Le Thanh Cung, Protrade Chairman & CEO Mr Nguyen Van Minh and Protrade VP Mr Tran Quang Lan
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Unveiling the 3D model of the YCH-Protrade DistriPark
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Artist�s impression of the final facility
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�YCH�s entry into Binh Duong is a huge boost to our economy. Through introducing its world class solutions and capabilities, YCH will not only elevate the standards of the local logistics industry but also help enhance the competitiveness of companies operating here by strengthening their logistics efficiency. We welcome other Singaporean firms to also invest in our province and Vietnam in general to drive mutual benefits,� said Mr Le Thanh Cung, Vice-Chairman of Binh Duong Province�s People's Committee.
YCH�s expansion into Vietnam comes on the back of the company�s foray into Korea last month. Apart from Binh Duong, YCH will next consider to establish similar DistriParks across Vietnam to offer a more comprehensive supply chain network to serve MNCs that are operating in Vietnam.
About YCH Group
Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world�s largest companies, including Dell, Motorola, Canon, ExxonMobil, B Braun, Moet-Hennessy and Friesland Campina. YCH Group�s suite of innovative award-winning end-to-end supply chain management solutions - Intribution�, Intrabution�, Retrogistics�, Y-Merge� and V-Hub� - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. The Singapore-based company currently operates throughout Asia-Pacific, including Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Vietnam and Korea.
A strong proponent of innovation, YCH is recognized for its 7PL� approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and was conferred the Asian 3PL of the Year award by Supply Chain Asia in 2007 and 2008. The company is also a consecutive winner of the highly-regarded Frost & Sullivan ASEAN 4 Logistics Awards for being Singapore�s Best Domestic LSP and Best IT/Electronics LSP two years in a row. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry. Recently, YCH also clinched the prestigious National Infocomm Award 2008 for its RFIDenabled �High Performance Supply Chain Nerve Centre�.
More information on YCH is available on www.ych.com
About Protrade Corporation
Protrade Corporation is a Vietnamese State-owned company, established from 1982, with 5000 employees thus far. Our core businesses are diversified in four main fields: Argo-processing, Leisure and Entertainment, Real Estate and Healthcare with the following business chains: Rubber Plantation, Wood proccessing, Paper Manufacturing, Textile & Garment, Furniture Production, Food and Beverage, Pig Farm, Golf Resort, Hospital, Residential and Commercial Buildings and Industrial Parks.
Protrade�s mission is to create the best products and services to satisfy customers, partners and contribute to the societies through development, with the concepts of innovation, credit standing and human value.
We currently have joint ventures with Dutch Lady (VN) Food & Beverage Co. Ltd, Palm SongBe Golf Co., Phu My Development Joint Stock Company, Pro Technologies (VN), Ascendas Pte Ltd and YCH.
For media enquiries, please contact:
YCH Corporate Communications
Ms Tien Yushan at Tel: (65) 6417 2773 or Email: corporate@ych.com