Expolanka to construct Rs 600 m warehouse
The Expolanka Group announced plans to construct a state-of-the-art,
iconic, green, warehouse to provide value added logistics services to
the group's rapidly expanding client base.
A Board of Investment project, the warehouse facility called
Logistics Parks Pvt Ltd will operate by March next year.
Located at Avissawella Road, Orugodawatte, the Rs 600 million
warehouse will consist of an area of 100,000 square feet.
Parallel to this, Expolanka will also construct a 20,000 sq ft
state-of-the-art office complex adjacent to the warehouse to provide
administrative and management services to the operation of the
warehouse.
Expolanka Freight CEO Jagath Pathirane said the project's primary
objective is to construct and operate a warehouse facility which is able
to provide end-to-end logistics solutions to the company's customers and
maintain its profile as a market leader and innovator in the logistics
industry. "The proposed warehouse facility will complement our existing
business and enable us to market our services better to our customers.
In addition, the warehouse will drive forward our corporate objective of
positioning Expolanka as providing End-to-End Logistics Services," he
said.
With the liberation of the North and East, the country expects
tremendous growth potential in various industry sectors. There is a
significant boom in the pace of development in most sectors of business.
The government plans to develop the port sector and has identified the
key developments taking place at the Colombo and Hambantota harbours.
Expolanka's new warehouse facility is expected play a pivotal role in
Sri Lanka's logistics industry. It will aid the group's logistics sector
and expand its businesses, thereby establishing Expolanka as a market
leader in the logistics business.
Enjoying a presence both in Sri Lanka and overseas with operations in
over 45 cities in 15 countries and across several continents, the
Expolanka Group's Freight Forwarding Sector is one of the major
contributors towards the Group's overall operations.
Established in 1982, Expolanka Freight has emerged as Sri Lanka's
leading provider of Freight Forwarding and Supply Chain Management
solutions. Expo Freight is a top player in the markets it operates in -
Sri Lanka, Bangladesh and India. Market leader in the fashion vertical,
it services many destinations and has won numerous awards from business
partners and suppliers alike.
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