KTMB (Malaysia) to invest US$2.8m into Padang Besar container yard
Malaysia's national rail operator KTMB plans to invest MYR10 million (US$2.85 million) to more than double the size of its road haulage subsidiary's container yard operations in Padang Besar.
According to the plan, the existing 4.86-hectare container yard will be expanded to cover a site measuring 8.91 hectares over the next two years, the Business Times reports.
KTMB multimodal manager Azman Ahmad Shaharbi, who runs five container yards in Malaysia, said Padang Besar brought in about 70 per cent of the business. Funds would now be deployed, he said, on infrastructure and equipment.
The expansion is part of KTMB's plan to widen the scope of multimodal service away from road haulage, and relate more directly to the container yard, freight forwarding and warehousing to become a total logistics provider.
But haulage operations are still expected to account for more than half of the company's revenue this year. The company is forecasting 12 per cent growth in revenue to reach MYR87.5 million in 2007.
According to the plan, the existing 4.86-hectare container yard will be expanded to cover a site measuring 8.91 hectares over the next two years, the Business Times reports.
KTMB multimodal manager Azman Ahmad Shaharbi, who runs five container yards in Malaysia, said Padang Besar brought in about 70 per cent of the business. Funds would now be deployed, he said, on infrastructure and equipment.
The expansion is part of KTMB's plan to widen the scope of multimodal service away from road haulage, and relate more directly to the container yard, freight forwarding and warehousing to become a total logistics provider.
But haulage operations are still expected to account for more than half of the company's revenue this year. The company is forecasting 12 per cent growth in revenue to reach MYR87.5 million in 2007.
