PTP targets Korean firms to set up distribution hubs
Port of Tanjung Pelepas (PTP), strategically located at the confluence of major shipping routes at the southern tip of Johor, is aiming to attract Korean companies to set up distribution centres at the Pelepas Free Zone (PFZ).
Next to port: The Pelepas Free Zone, situated next to Port of Tanjung Pelepas, covers an area of about 400ha
Its senior general manager, corporate division, Shahrull Allam Shah Abdul Halim, said the port had earmarked leading companies like Samsung and LG.
'They are big and will be able to take up a big portion of the PFZ area. They can set up their distribution centres for both semi-finished and finished products,' he told Bernama on the sidelines of the seminar on 'Business opportunities in Malaysia' here yesterday.
For semi-finished products, they could also add value and re-export them from PTP, he added.
PFZ, situated next to the port and terminal, covers an area of 400ha. This is segmented into zones depending on the type of activities carried out.
'Some of the companies that we are eyeing already have their operations in Singapore but by relocating to PTP, their cost savings can be up to 50 per cent,' Mr Shahrull said.
He said besides cost savings, the companies could also enjoy various incentives provided by the Malaysian Industrial Development Authority.
Among the big names that have their distribution hubs in PTP are CIBA Vision Corp, BMW AG, Schenker Logistics, Flextronics International Ltd as well as Japan Solderless Terminals.
Next to port: The Pelepas Free Zone, situated next to Port of Tanjung Pelepas, covers an area of about 400ha
Its senior general manager, corporate division, Shahrull Allam Shah Abdul Halim, said the port had earmarked leading companies like Samsung and LG.
'They are big and will be able to take up a big portion of the PFZ area. They can set up their distribution centres for both semi-finished and finished products,' he told Bernama on the sidelines of the seminar on 'Business opportunities in Malaysia' here yesterday.
For semi-finished products, they could also add value and re-export them from PTP, he added.
PFZ, situated next to the port and terminal, covers an area of 400ha. This is segmented into zones depending on the type of activities carried out.
'Some of the companies that we are eyeing already have their operations in Singapore but by relocating to PTP, their cost savings can be up to 50 per cent,' Mr Shahrull said.
He said besides cost savings, the companies could also enjoy various incentives provided by the Malaysian Industrial Development Authority.
Among the big names that have their distribution hubs in PTP are CIBA Vision Corp, BMW AG, Schenker Logistics, Flextronics International Ltd as well as Japan Solderless Terminals.