Mitsui O.S.K. Lines Co., Ltd.
Participated in cold storage warehouse development project in Singapore ~Promoting overseas investment by leveraging the group network in Southeast Asia, our priority area~
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MOL (Asia Oceania) Pte. Ltd. (President: Jotaro Tamura, Headquarters: Singapore), the regional headquarters for Southeast Asia and Oceania of Mitsui O.S.K. Lines, Ltd. (President: Tsuyoshi Hashimoto, Headquarters: Minato-ku, Tokyo), is a subsidiary of Kajima Corporation ( Kajima Development Pte. Ltd., a Singaporean subsidiary with President: Hiromasa Amano and head office: Minato-ku, Tokyo, has decided to participate in a new refrigerated warehouse development project (hereinafter referred to as the “Project”) in the Jurong area in western Singapore. has concluded a joint business agreement with the company.
[Image 1: https://prtimes.jp/i/92744/193/resize/d92744-193-6c4eabbe479b3dd47392-0.jpg&s3=92744-193-acf2c54544c9d995f3c290f63ffb7351-816×609.jpg] This project is located within the Food Zone (Note), which is certified by a Singaporean government-related corporation and is located close to port facilities and major expressway interchanges, making it suitable for food collection and distribution. It is a high-performance large-scale frozen and refrigerated warehouse that can set the temperature according to the cargo being stored and has a fully automated storage area in some areas. Furthermore, the building is designed with consideration for the environment, including the use of energy-saving cooling equipment and the installation of solar panels on the roof floor.
The frozen and refrigerated warehouse business is currently operating at two domestic locations (Kawasaki City, Kanagawa Prefecture and Osaka City, Osaka Prefecture) and one overseas location (Thailand), and this business investment will serve as an opportunity for future economic growth in Asia and other regions. We aim to increase investment in the refrigerated warehouse business, focusing on regions where demand is expected to increase due to development and population growth.
[Image 2: https://prtimes.jp/i/92744/193/resize/d92744-193-4e765bdb3b146b6b9faa-1.jpg&s3=92744-193-742dc56d60da2b0bfd12262df8d80894-942×408.jpg] Under its management plan “BLUE ACTION 2035”
https://ir.mol.co.jp/ja/ir/management/plan.html, the Mitsui O.S.K. Lines Group is promoting business portfolio transformation to increase the proportion of stable income-type, non-shipping businesses. Investing in the real estate business will help you achieve that goal. At the same time, we are transitioning to a global business promotion system that supports the transformation of our business portfolio, and this project is a business investment led by the Southeast Asia and Oceania regional organization.
(Note) Food Zone: Food processing permitted zone.
More details about this release:
https://prtimes.jp/main/html/rd/p/000000193.000092744.html