Sri Lankaâ€™s EFL takes over SG Holdings operation in Malaysia
ECONOMYNEXT – Expolanka Freight (EFL), a global freight-forwarding company headquartered in Sri Lanka and part of the Expolanka group, said it is expanding to Malaysia, by taking over operations of its Japanese parent.
“Malaysia is a natural addition to EFL’s global portfolio, largely to drive the intra-Asia growth, and to complement our USA expansion,” EFL chief executive S. Senthilnathan said.
“Being a prominent economy in the region, we believe, it will be an important part of EFL’s footprint, to cement our place as a sought-after freight forwarder in the South East Asia region.”
The company is taking over an existing operation managed by its parent company SG Holdings Global and will officially open for business in Kuala Lampur on 1 September 2018, a statement said.
The office in the regional hub of Malaysia will be its 18th overseas operation.
With Asia contributing significantly to the logistics industry’s growth, growth in trade and domestic demand is seen driving the growth of the transportation and logistics industry.
SG Holdings Global said in a statement the move is part of its strategy for further expansion.
“This will be in line with our group’s goal, as we build on EFL’s extensive global network and expertise to further expand our reach,” it said.
EFL is a member of Expolanka PLC, which has interests in logistics, leisure and investments, with over 60 offices and 2000 staff around the world.
(COLOMBO, 30 August, 2018)