Hemaraj Logistics Park 1 Launched

Strategically located on new highway 331 between Hemaraj Eastern Seaboard industrial estates and Laem Chabang Port, Hemaraj Logistics Park 1 comprises 280 rai and net sellable/rentable 220 rai with 129,000 square meters of warehouse for rent, offering high quality distribution warehousing for industry and third party logistic providers.

Hemaraj Logistics Park 1 sells initial 40% of 85 rai to anchor, Hi-Tech Nittsu (Thailand).

Bangkok, 16 June 2011. Hemaraj Land And Development Public Company Limited announced its continued expansion into its vertical related business with - Hemaraj Logistics Park 1 comprising high quality logistics distribution warehouse buildings at New Highway 331 Chonburi Province. Covering a land area of 280 rai, the location is strategic in being half way between Hemaraj Eastern Seaboard industrial estates and only 20 kilometers from Laem Chabang Deep Sea Port.

Hemaraj Logistics Park 1 offers distribution warehouses for rent with sizes ranging from 2,400 to 25,000 square meters with 9 meters in height and able to accommodate both container loading and light truck deliveries. The floor loading and quality will be built to achieve both highly safe forklift maneuvering and floor quality endurance. The initial units will be available in early 2012. The target market is third party logistic providers as well as end user customers who are in the automotive, electronics, consumer, building material, and other segments. Given Hemaraj’s base of over 650 industrial customers and successful turnkey rentable factories, initial customer interest has been strong.

As evidence of this initial demand, Hemaraj has today signed an agreement for the purchase of the initial 40% of the land area, with its first Hemaraj Logistics Park 1 customer Hi-Tech Nittsu (Thailand) Co., Ltd. Being Japan’s leading logistic service provider, Hi-Tech Nittsu will use the 85 rai land purchased to set up its additional logistic service facilities in Thailand citing Hemaraj Logistics Park 1’s strategic location in the Eastern Seaboard serving customers on industrial estates.

David Nardone, President & CEO of Hemaraj Land And Development Plc said “Strategically located in between Laem Chabang Deep Sea Port and Hemaraj Eastern Seaboard industrial estates, Hemaraj Logistics Park 1 will best serve manufacturers looking for logistic services and warehouses outside of its manufacturing facilities often through TPL’s, that is Third Party Logistic providers. With the growing demand for logistic services which has become more specific and sophisticated, Hemaraj sees a great potential in the continued development of logistic parks which can meet all aspects of logistic requirements of customers. Hi-Tech Nittsu purchasing 85 rai in Hemaraj Logistics Park 1 reaffirms our confidence in the business potential and Hemaraj Logistics Park 1’s competitive edge. Following Hemaraj Logistics Park 1, we are developing Hemaraj Logistics Park 2 to be located at our Hemaraj Eastern Seaboard Industrial Estate (Hemaraj ESIE) with Hemaraj Logistics Park 2 servicing our automotive cluster and other customers in both Hemaraj Eastern Seaboard industrial estates.”

Vivat Jiratikarnskul, Executive Vice President of Hemaraj said “Hemaraj Logistics Park 1will offer warehouses for rent with sizes from 2,400 square meters to 25,000 square meters in the total area of 129,000 square meters available in Free Zone and General Zone. Apart from a great location, the unique selling points of Hemaraj warehouses are the flexibility of the loading areas which can serve both trucks and containers. In addition, the floor loading of 5 tons are specially built to achieve high abrasion resistance with optimal floor flatness and floor levelness to ensure enduring use with forklifts and optimally safe forklift maneuvering.

Construction of Hemaraj Logistics Park 1 has started in Q2 of 2011 and will be ready for rent in early 2012. Because of its location and superior specifications, we believe Hemaraj Logistics Park 1 will be very competitive in the market as many customers have shown interest in this new warehouse logistic park service from Hemaraj.”

Mr. Thavich Taychanavakul, President of Hi-Tech Nittsu (Thailand) Co., Ltd. said “Hi-Tech Nittsu (Thailand) was founded in 1991 as a joint-venture between Thai Industrial Estate Corp., Ltd. and Nippon Express, Japan. The company started with one warehouse of 4,875 sqm. on a 22 rai of land in the Export Processing Zone of Hi-Tech Industrial Estate to serve one customer with an initial revenue of 1.29 million Baht. Hi-Tech Nittsu made a strategic move to Laem Chabang Industrial Estate in 1998 during the financial crisis of Thailand and the Region and the early day of the automobile industry in Eastern Seaboard, to serve the rapid expansion of automotive hub. At present, Hi-Tech Nittsu serves 390 customers with an annual revenue of over 1.2 billion Baht. Today is another important expansion of Hi-Tech Nittsu to purchase 85 rai of land in Hemaraj Logistics Park1 located on strategic location to be the company’s new prestigious base in the Eastern Seaboard. A total investment of over 800 million baht will be spent to modernize computer networking service and the company’s fleet to be ready to serve the rapid expansion of the automotive hub and the up-coming ASEAN Community in 2015.”

Mr.Hiroyuki Arikawa, Managing Director of Hi-Tech Nittsu (Thailand) Co., Ltd. added, “To be able to gain competitive advantage in these days' logistics circumstance, location is one of the most important factors that we may not look over since Day 1. With Hemaraj Logistics Park 1 locating half way between industrial estates and Laem Chabang Deep Sea Port, we do have confidence that Hi-Tech Nittsu (Thailand) will definitely be capable of providing the best and cost-effective logistics service; 50,000M2-Warehouse service, domestic and international trucking /container hauling service, freight forwarding service, and customs clearance service, to our valued customers and manufacturers in the Eastern Seaboard area.

The construction of our Laemchabang Logistics Centres which is considered the largest scale of Warehouse ever built in South-east asia will commence in July 2011, finish early in the year 2012, and be ready for services from then."

Industrial and logistic customers who are interested in Hemaraj Logistics Parks can contact 662 719 9555, Industrial Customer Development, for more information or email marketing@hemaraj.com www.hemaraj.com