Sri Lankaâ€™s Hemas group eyes overseas business with logistics centre JV
ECONOMYNEXT – Sri Lankan conglomerate Hemas Holdings is looking to expand regionally with its new logistics centre housing a container yard and a big modern warehouse to be commissioned shortly.
The centre, operated by Spectra, its logistics joint venture with GAC and McLarens, has shown improved results, mainly driven by the third party logistics or 3PL business, the company told shareholders.
“Expanding its retail and modern trade distribution, and inland container depot operations, it is keen to establish leadership domestically and leverage this to expand internationally, focusing mainly on the Indian subcontinent and the Asian region,” the company’s annual report said.
Spectra Logistics has strengthened its position as one of the biggest integrated logistics providers with a regional focus having opened the new container yard in the Muthurajawela Industrial Zone in January, 2018 and construction of a new warehousing complex to be commissioned soon.
The Hemas group’s logistics and maritime business has been growing fast with sales up 46% last year to Rs2.8 bilion, mainly supported by 3PL operations.
Hemas told shareholders the joint venture partners gives Spectra access to global expertise and service levels.
The 10-acre container yard in Muthurajawela has doubled its capacity to serve shipping lines.
The new premises will house one of the largest distribution centres in Sri Lanka, targeting pharmaceuticals, white goods and retail trade with the warehouse having a capacity of nearly 25,000 pallet positions.
(COLOMBO, June 19, 2018)