11 July 2006
|Chairman & CEO Dr Robert Yap speaking at the signing ceremony
||Dignitaries witnessing the signing of the MOU
YCH Group ("YCH"), Singapore’s logistics and supply chain management giant, has inked a Memorandum Of Understanding (MOU) with the Shanghai Lingang International Logistics Development Company to develop a 4.3 hectare YCH DistriPark in Shanghai’s Yangshan Free Trade Port Area. The MOU also includes a plan to jointly develop a world-class Dangerous Goods’ (DG) Storage Facility within the Lingang Logistics Park.
The signing of the MOU was jointly witnessed by Mr Yang Xiong - Vice Mayor, Shanghai Municipal Government, Mr Chan Heng Wing - Consul-General of the Republic of Singapore to Shanghai, and Dr Robert Yap - Chairman & CEO, YCH Group, at the Four Seasons Hotel in Shanghai.
The Yangshan Free Trade Port Area is the first free port zone in China, which enjoys the favorable policies of a Free Trade Zone (FTZ), Export Processing Zone (EPZ), and a Bonded Logistics Park (BLP). Dr. Yap said, "We have invested in this highly strategic project so that all our customers can leverage on its unique 3-in-1 advantage. This will allow us to enhance and optimize our customers supply chain, in what is the most exciting and strategic market in the world."
Mr Liu Jiaping, Chairman & President of Shanghai Lingang Economic Development, said "With this MOU, YCH will be a pioneering foreign-based logistics and supply chain management service provider in the Free Trade Port Area. This bears testimony to the true potential of the Yangshan port area, which is slated to become the No.1 port in the world. We are pleased to have YCH as a partner in this project, as their expertise in managing the end-to-end supply chains of world-class MNCs like DELL and MOTOROLA, will catalyse the supply chain management capabilities of the port and region, to support an extensive ecosystem of world-class manufacturers and brand owners alike."
This project is expected to increase YCH’s investment in Shanghai by more than RMB100 million, and further augment its strategic logistics network in Shanghai and Greater China to serve its clients. The proposed DistriPark will enable YCH to manage materials flowing into China, feeding to manufacturing facilities in China and other global hubs, managing spares and returns, as well as distributing finished goods into the local Chinese market or internationally, for its MNC customers. The 3-in-1 advantage will facilitate the implementation of sophisticated programmes like Vendor Managed Inventory (VMI) and innovative SCM solutions such as Virtual Hubbing, as well as the provision of value-adding services such as postponement, configuration, merging, repackaging, and so on.
With the planned DG facility in Lingang Logistics Park, YCH is also well poised to meet the growing demand for DG storage services in Shanghai and Eastern China. Dr. Robert Yap added, "YCH has already been in Shanghai for past 10 years, serving world-class Fine and Specialty Chemical MNCs such as Ciba Specialty Chemicals, DSM and so on. As a key player in specialty chemicals supply chain, this development is a natural and necessary progression to enhance our existing capacities, as well as to further expand and strengthen our network into the Shanghai region, in which we have already built a strong base and foundation."
While YCH is developing the two new projects at the Yangshan Free Trade Port and Lingang Logistics Park respectively, the organisation is also finalizing details of another project to develop a purpose-built facility within Shanghai city to complete its overall strategic initiative to establish an integrated network and to offer an optimized solution in Eastern China. Details of this new project will be announced shortly.
YCH is one of the few pioneer Singapore firms, which penetrated the China market more than a decade ago and has since developed a pervasive logistics network, serving various Fortune 500 MNCs such as Dell, Motorola, DSM and Ciba Specialty Chemicals in strategic locations in Greater China such as Tianjin, Hangzhou, Xiamen, Shenzhen and Hong Kong.
About YCH Group
Founded in 1955, the YCH Group today is the leading integrated end-to-end supply chain management and logistics partner to some of the world’s largest companies. They include Dell, Motorola, Solectron, Toshiba, Roche, Ciba Specialty Chemicals, Dystar, Solutia, Moet-Hennessy, DFS, FFI and Danone. The Singapore-based logistics giant currently operates throughout Asia-Pacific, such as Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, China, and Australia.
The strategic strength of YCH Group lies in its award-winning innovative supply chain management solutions that employ cutting edge web-technologies. They are best-in-class across the industry clusters, such as Consumer, Electronics, Chemical / Healthcare etc. The proprietary know-how of YCH is embedded in its core suite of end-to-end supply chain solutions - Intribution™, Intrabution™ and Retrogistics™. Highly flexible and scalable, these solutions handle the materials flow, finished goods distribution flow, and customer-returns flow of the supply chain, respectively. These have been extended across the region for world-class industry-leading companies. When integrated with YCH core transport, warehousing, freight, and logistics value-added services, they deliver a powerful competitive advantage for total end-to-end supply chain management solutions for customers.
YCH was conferred the prestigious Business Headquarters (BHQ) status by the Singapore Economic Development Board in recognition of its contribution in strengthening Singapore’s position as a global business hub. Besides being the past winner for the National IT Award and National Training Award, it is also a winner at the Second Annual Intelligent20 Awards by Intelligent Enterprise Asia, the IT Leaders Award by SCS, as well as the Asia Logistics Hall of Fame Award by Lloyd’s FTB. Other than receiving the National Training Award and Corporate HR Award, YCH is also ISO 9002, EMS 14001, OHSAS 18001 certified and a member of the Singapore Quality Class. More recently, YCH won the prestigious Singapore National Infocomm Awards in October 2004 and attained the highly regarded Singapore Innovation Class in October 2005.
More information on YCH is available on http://www.ych.com
About Yangshan Free Trade Port
Yangshan port is on an island 32.5 kilometers from Shanghai city, where water depths of more than 15 meters will enable large container vessels to dock. The Yangshan port project in Shanghai, China, is arguably one of the largest port projects in the world.
Yangshan, a reclaimed island the size of 470 soccer fields in the East Sea, is designed to accommodate the world’s largest container ships, handle 15 million 20- foot boxes by 2010 and compete with Hong Kong and South Korea’s Busan as northern Asia’s main transshipment harbor. The port is 45 km from Pudong International Airport in Shanghai and will be connected to the city’s outer ring road by a 31-kilometer Donghai marine bridge and a freeway. The cross-sea span, one of the world’s longest, will connect the port to the mainland.
Lingang New City is another project to support the development in Yangshan. The city consists of a residential area and an industrial zone, as part of the larger supporting industrial ecosystem.
Shanghai’s container cargo handling capacity will double to 30 million boxes by 2010, and slated to be the world's busiest harbor.
About Shanghai Lingang International Logistics Development Co Ltd
Shanghai Lingang International Logistics Development Co Ltd is a wholly-owned subsidiary of the Shanghai Lingang Economic Development (Group) Co Ltd, which in turn is under the auspices of the Shanghai Municipal Government. Shanghai Lingang International Logistics Development’s key objective is to develop Lingang Logistics Park as Northeast Asia’s world-class and integrated logistics hub. The company also specializes in offering asset management services to logistics companies.
For media enquiries, please contact:
YCH Corporate Communications
Mr Andrew Seah /Ms Tien Yushan at Tel: (65) 6417 2772 / 3, Email: email@example.com