LogiPark International (Pvt.) Ltd. (LPI), a fully-owned subsidiary of John Keells Holdings PLC (JKH) and sister company of John Keells Logistics (Pvt.) Ltd. (JKLL), a key third Party Logistics Services Provider (LSP) in the Sri Lankan market, embarked on commissioning its flagship integrated logistics centre with the groundbreaking ceremony that was held on the 1st of March at the Muthurajawela Logistics Zone.
The ceremonial event was held in the presence of Krishan Balendra, Chairman of JKH, Gihan Cooray, Group Finance Director & Deputy Chairman JKH, the Sector committee of the JKH Transportation Group, Chairman and the board of the Sri Lanka Land Reclamation and Development Corporation, The Board of Directors of the BOI, the management teams of LPI and JKLL and several other distinguished guests.
With an estimated initial investment of US$ 14 million and a footprint span in excess of 230,000 square feet; the LPI integrated logistics centre is set to be up and running by end-March 2020. It is expected to create over 40,000 CBM of inventory holding capacity with a handling capability exceeding 300,000 CBM a month. In addition to multi-industry storage chambers, the centre will also have multi-tiered value-added service (VAS) areas catering to a broad range of Industry verticals including FMCG, apparel, electronics, chemical, lubricants, telecommunication, perishable and general trading.
The new facility is part of the groups’ long-term service capacity growth plan which would also include expansions in the company’s cold storage footprint, transport fleet and regional service portfolio.
Addressing the audience at the event, Senath Jayathilake CEO of LPI and JKLL stated, “With Sri Lankan industries and commerce intensifying its integration into global supply chains, LogiPark International’s world class integrated logistics centre will be strategically positioned to offer a One-Stop-Shop logistics service platform for both local and international players to drive supply chain efficiency and capability”.
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