Chasen Group invests 80 million yuan to build a new logistics center, doubling warehouse capacity | Lianhe Zaobao

Chasen Holdings Limited 2023 Groundbreaking, officially opened the comprehensive logistics center and company headquarters built with an investment of 80 million yuan. About one-third of the new logistics center features clean rooms with vibration-resistant flooring, suitable for handling valuable and precise semiconductor equipment; the warehouse capacity has also doubled to 390,000 square feet. The Minister of State for Trade and Industry and Culture, Community and Youth, Liu Yanling, attended the opening ceremony and delivered a speech on Friday (November 14). She stated that Singapore is strengthening its supply chain ecosystem in two ways: first, by investing in maritime and air transport infrastructure to expand cargo handling capacity, and second, by acquiring handling capabilities for specific sectors or goods. Minister of State for Trade and Industry and Culture, Community and Youth Liu Yanling attended the opening ceremony of Chasen Holdings Limited's new comprehensive logistics center on November 14 and delivered a speech. (Photo by Long Guoxiong) She mentioned that high-value products such as semiconductor equipment, pharmaceuticals, and aviation parts require extremely high standards for transportation or storage environments, often necessitating precision and vibration protection measures. "Singaporean companies play a key role in building this efficient and reliable supply chain ecosystem. Chasen Holdings Limited is one such example." Liu Yanling stated that with the clean room (Clean Room) occupying about one-third of the new logistics center now in operation, testing, assembly, and refurbishment of semiconductor manufacturing equipment can be conducted directly in Singapore, rather than overseas. "This will save approximately 20% to 30% of turnaround time." Each clean room client could bring an additional annual revenue of 1 million yuan Further Reading Chasen Holdings Limited establishes new comprehensive logistics warehouse to serve semiconductor clients It is reported that the floors of this modular clean room are coated with epoxy resin (Epoxy), a high polymer coating that offers advantages such as vibration resistance, dust prevention, and anti-static properties, making it suitable for storing semiconductor equipment that requires a high standard of environmental conditions, and it is quite costly Chasen Group's Director of Sustainable Development, Hong Shunwang, revealed to Lianhe Zaobao that the construction cost of the new logistics center is approximately 60 million yuan. Including renovation and other costs, a total investment of about 80 million yuan has been made. He also pointed out that the company is in discussions with clients in the semiconductor industry, and once cooperation is confirmed, this space will be officially put into use. It is expected that the additional revenue generated by each cleanroom client will be around 1 million yuan per year. The new logistics center has a warehouse space of 390,000 square feet, with storage and cargo handling capacity three times that of the previous facility. The warehouse has five floors, three of which are equipped with air conditioning and humidity control systems for storing high-value, sensitive goods. On the same day the logistics center opened, Chasen Group also signed a memorandum of understanding with Taiwan's Hsiao-Kun Co., Ltd. and India's OM Logistics Supply Chain Company