PETALING JAYA: With the impending commencement of its new e-fulfillment centre in Shah Alam, Xin Hwa Holdings Bhd
aims to ride on the boom of warehousing space and recovery in the logistics sector.
Towards this end, the integrated logistics services provider expects contribution from its warehousing business to increase from 10% of the group’s revenue currently to 30% in the next two to three years.
Executive director Kok Poh Fui told StarBiz that the utilisation rate at its warehouses are at almost full capacity due to the robust demand for storage space, thanks to an improving economy.
“We target to commence operations of our Shah Alam e-fulfillment centre by the end of this month. The timing is good as we are able to seize the fast growing demand for warehousing space.”
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