Friday , 22 November 2019
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PSA Thailand and SCG Logistics launch joint venture
The terminal is located along the Chao Phraya River

PSA Thailand and SCG Logistics launch joint venture

PSA Thailand and SCG Logistics are investing in the development and operation of the Thai Prosperity Terminal and rebranding it Thai Connectivity Terminal (TCT) as part of an agreement which involves the setting up of a joint venture company called SCG-PSA Holdings.

The company will serve as a springboard for potential joint exploration and investment in supply chain related opportunities across the region, with a major focus on Thailand.

Situated along the Chao Phraya River in close proximity to Bangkok’s city centre and industrial estates, TCT is a river terminal that directly serves the hinterland in and around the capital city.

TCT is also well connected to the deep-sea port at Laem Chabang, allowing it to cater to the varied needs of local and regional cargo owners.

According to the terminal operator, by additionally leveraging the PSA Group’s digital platforms such as Global Portnet and Calista, TCT is positioned at the heart of Thailand’s push to be the hub of regional connectivity, both physically and digitally.

Ong Kim Pong, regional CEO for Southeast Asia at PSA International, said: “We look forward to working alongside SCG Logistics to offer customised supply chain solutions in Thailand and across its borders.

“Capitalising on TCT’s strategic location, PSA is committed to growing this critical node as part of our greater transport and cargo solutions network, and to open up more avenues of opportunity for the movement of goods and materials throughout the region.”

Paitoon Jiranantarat, managing director at SCG Logistics Management, said: “This partnership would enrich logistics services of SCG Logistics in the areas of port, freight management, and import/export. This would enhance us to be able to provide seamless logistics solution in ASEAN region.”