Global supply chain SDV opens new warehouse facility in S'pore
By Kristie Neo | Posted: 03 December 2012 2139 hrs
SINGAPORE: Global supply chain firm SDV has opened a new warehouse facility in Singapore, in a bid to serve the region's growing luxury retail industry.
SDV, a subsidiary of French conglomerate Bollore Group, said that it has invested S$55 million into the facility.
The facility will serve a 'limited number' of premium brands in the cosmetics and luxury fashion industries, said the company
Market leaders such as Louis Vuitton Moet Hennessy (LVMH), Diageo, Unilever and Remy Cointreau already have logistic hubs in Singapore which cater to their consumer and luxury sectors.
"We strongly believe that Singapore is the ideal location to operate a regional distribution centre for Asia Pacific" said SDV South East Asia Director Mr Yves Laforgue.
"For the luxury retail industry, this new warehouse is integral to fulfilling our commitment to offer sustainable solutions to these clients with a 20 per cent growth over the next five to six years," he added.
SDV also provides transport and logistics solutions for the aerospace, healthcare and the oil and gas sectors in addition to luxury retail.
The supply chain firm forms a major component of its parent company Bollore's transport, forwarding and logistics division.
In 2011, transport and logistics activities contributed 57 per cent, or 4,872 million euros, to Bollore Group's turnover.
The Asia Pacific region currently represents over 15 per cent of SDV's global turnover and workforce.
- CNA/jc
- wong chee tat :)
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