Malaysian logistics provider, PKT Logistics, has awarded a contract to property developer Eversendai Corporation to build 12 warehouses at Batu Kawan, near Penang, as part of its three-phase 'One Auto Hub' project.
In the first phase, Eversendai will build the 12 warehouses, which are shaped to resemble waves, with an investment worth RM120m ($3.35m). The total investment over the three phases of the One Auto Hub project is currently valued at RM700m ($195m). The complex will eventually cover 186,000 sq.m of floorspace, located at Bandar Cassia. This will include the '12 Waves' warehouse, Ship Campus university, an automotive boulevard and a parts centre, among other features..
"One Auto Hub is expected to emerge as one of the largest automotive logistics providers in Malaysia to cater to the needs of the automotive industry under the purview of the Northern Corridor Implementation Authority," said Tan Sri AK Nathan, Eversendai's executive chairman and group managing director.
Work on the project is expected to start in March 2015 and be completed by April 2016.
The Northern Corridor Implementation Authority, or Koridor Utara, focuses on accelerating economic growth and elevating income levels in the northern peninsular regions of Malaysia.
PKT Logistics provides a range of logistics services for the automotive industry, including air and ocean freight, cross border forwarding and distribution, as well as contract logistics services. The company has container freight stations at Northport and Westport in the central peninsula of Malaysia.