PSA Thailand Establishing JV to Operate Rebranded Thai Prosperity Terminal
PSA Thailand has teamed up with SCG Logistics Management Company Limited to invest in the development and operation of the Thai Prosperity Terminal in Thailand which will be rebranded as Thai Connectivity Terminal (TCT).
The undertaking is part of an agreement that will involve the establishment of a joint venture company in Thailand called SCG-PSA Holdings Co., Ltd.
PSA said the company would serve as a springboard for potential joint exploration and investment in supply chain related opportunities across the region, with a focus on Thailand.
TCT is situated on Thailand’s Chao Phraya River close to Bangkok’s city center and industrial estates. It is also well connected to the deep-sea port at Laem Chabang.
“Capitalising on TCT’s strategic location, PSA is committed to growing this critical node as part of our greater transport and cargo solutions network, and to open up more avenues of opportunity for the movement of goods and materials throughout the region,” Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said.
TCT will also benefit from PSA Group’s digital platforms such as Global PORTNETTM and CALISTATM.
“This partnership would enrich logistics services of SCG Logistics in the areas of port, freight management, and import/export,” Paitoon Jiranantarat, Managing Director, SCG Logistics Management, added.