Agility invests S$25.5m in Singapore warehouse
20 / 03 / 2017
Logistics firm Agility has acquired a two-storey warehouse close to Changi International Airport, giving it more than 600,000 sq ft of warehouse space in total in Singapore.
The newly acquired 177,000 sq ft warehouse cost S$25.5m and is located in an area with access to "an array of logistics services" and two major expressways.
Agility has operated in Singapore for more than 40 years and employs more than 400 people there. It owns four other warehouses in Singapore.
With an expanded footprint, Agility will be offering more services: automated quality inspections; a container-management e-system; a large-scale recycling program for packing materials; and enhanced warehouse management systems with regional data back-up and business-continuity features.
Mykell Lee, Agility chief executive, Singapore, said the company’s decision to invest in the warehouse is a sign of its “long-term commitment and belief in Singapore as one of the world’s foremost transportation and shipping hubs”.
He said the acquisition gives Agility more capacity to add to its value-added service offering, which includes testing, assembly, configuring, labelling and packing.
In addition, Agility provides tracking and visibility systems that "allow customers to keep up with increasingly rapid inventory turns and complex supply chains".
“For our fashion and retail customers, for example, we’re also the ones tagging goods with price and security labels, managing reverse logistics, promotions, and warehouse and atrium sales,” Lee said.
Agility’s acquisition comes as Singapore is expanding and upgrading port and airport infrastructure as part of its strategic plan to strengthen its position as a global logistics base and emerging leader in fast-growing Asian e-commerce.