PSA invests in Thailand’s river terminal

PSA Thailand and SCG Logistics are investing in the development and operation of the Thai Prosperity Terminal in Thailand.

They are rebranding it Thai Connectivity Terminal (TCT) as part of an agreement which involves the setting up of a joint venture company in Thailand 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.

Sited along Chao Phraya River in Bangkok and in close proximity to the city centre and industrial estates, TCT is a well-established 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.

By additionally leveraging the PSA Group’s digital platforms such as Global PORTNET and CALISTA, TCT is well-positioned at the heart of Thailand’s push to be the hub of regional connectivity, both physically and digitally.

Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said, “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, 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.”

SCG Logistics Management is a Third Party Logistics provider (3PL), offering total logistical support and transportation of products, ranging from raw materials to finished goods, both locally and internationally.

SCG Logistics Management is a subsidiary of SCG, a leading business conglomerate in the ASEAN region.

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