Yang Kee Group opens Singapore's US$98 million chemical logistics hub

YANG Kee Group Pte Ltd, a new Singapore logistics service provider, has opened its S$120 million (US$98.3 million) one-stop chemical logistics facility, the Chemical Logistics Hub on Jurong Pier Road.

The facility is positioned help address the rising demand for chemicals in the booming emerging markets in Asia, a company statement said.

Singaporean Trade and Industry Minister Lee Yi Shyan attended launch and spoke of the rising demand for chemicals in the booming emerging markets in Asia.

"The country's comprehensive infrastructure and production synergies combined with the region's growing demand for chemical products makes Singapore an ideal base for global players expanding their presence in Asia," said Yang Kee deputy managing director Ken Koh.

Mr Koh thanked SPRING Singapore for its help, saying Yang Kee was proud to contribute to enhancing Singapore's position as a global business centre, which and delivers solutions and creates.

The five-storey hub is the largest facility of its kind in Singapore, and will centralise operations from Yang Kee's other warehouses. The company has reduced costs by S$2.7 million a year and has achieved a 20 per cent productivity gain.

Yang Kee is one of the SMEs benefiting from SPRING, the city state's support that is geared towards helping SMEs cultivate innovation and reinforce existing competencies.