J&T Express, an Indonesia-based international express logistics company, has invested RM600 million to acquire 30-acre of land in Bandar Rimbayu, Selangor, Malaysia, which has been earmarked for its logistics center.
The firm plans to build an integrated logistics center for express distribution, logistics and transportation and warehousing to meet J&T Express’ growing business needs in Malaysia, it said in a statement.
The investment is made amid Southeast Asia’s buoyant e-commerce industry, where 40 million new internet users came online last year, and the region’s internet economy is set to reach US$360 billion by 2025.
J&T Express’ new logistics center will not only meet the growing business needs in Malaysia, but also strengthen its presence in Southeast Asia as it steps forth to resolve critical end-to-end logistics challenges in the region.
Roy Zeng, CEO of J&T Express Malaysia, said: “Rimbayu is the golden triangle of Selangor, we believe in the future development potential of this area. This year marks the fifth year since J&T Express commenced operations in Malaysia. With the diversified expansion and the strong momentum thanks to the continuous growth of the regional market, we have decided to invest RM600 million to purchase a parcel of land and build a logistics center in Malaysia.
“In doing this, we hope to drive the development of the local economy, provide jobs for the community, and play an active role in the development of the local logistics industry and the long-term development of the community.”
J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing markets in the world. Founded in 2015, J&T Express’ network spans twelve countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico and Brazil, serving over 2 billion people.
J&T Express stressed that it is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.
In Singapore, the firm offers four core e-commerce solutions catering to online businesses in the market, namely – last-mile delivery, fulfilment, sales channel management and international shipping.
“As a global integrated logistics service provider, J&T Express is committed to providing customers with more efficient and convenient services. It remains our emphasis to strengthen our leadership position in Southeast Asia by expanding our presence in existing markets. The new facility will be fitted with our advanced technology, which enables us to better tap on our existing networks to meet the growing demands of the burgeoning e-commerce industry in Southeast Asia,” said Charles Hou, Group VP of J&T Express.