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In
a move aimed at broadening its base
now centred in container haulage,
Kontena Nasional Sdn Bhd, the
country’s largest container fleet
operator, is moving in a big way to
offer valued-added services with its
recent tie-up with a major logistics
and distribution company from the
Netherlands.
KN,
a wholly-owned subsidiary of the
public-listed Northport Corporation
Bhd, has entered into a joint
venture agreement with TBIH BV that
is also expected to provide the
company a breather in the wake of
severe competition it is now facing
in the light of the dramatic surge
in capacity brought about by
licensing of more the more container
hauliers.
The
JV, Tibbett & Britten Kontena
Nasional Sdn Bhd, will carry out
joint operation and management of
distribution centres for the intake,
storage and despatch of stocks and
providing distribution services to
destinations in Peninsular and East
Malaysia and Brunei.
The
new company will market itself as a
logistics and distribution company
specialising in supply chain
management in Malaysia and Brunei.
The
marketing activities of the JVC will
concentrate on food, personal
product, clothing and fast moving
consumer goods.
The equity participation of KN and
TBIH BV in the JVC is proposed on
the basis of 40 per cent and 60 per
cent equity interest respectively
for the first seven years.
Thereafter,
from the eighth year onward, the
equity participation of KN and TBIH
BV in the JVC that will have an
authorized capital of RM20 million,
shall be 51 per cent and 49 per cent
respectively.
TBIH
BV which is incorporated in
Netherlands is a member of Tibbett
& Britten Group plc, a United
Kingdom quoted multi-national
logistics service provider focused
on supplying warehousing,
distribution and supply chain
management services to major
retailers and multi-national
manufacturers.
Tibbett
& Britten Group plc was founded
in 1958 and now has operations in 35
countries with business turnover of
Sterling 1.5 billion Pound for the
financial year ended 31 December
2000.
KN,
a subsidiary of NCB, has been the
leading company in Malaysia in
providing container haulage and
freight forwarding services.
KN
expects through TBKN it would be
able to participate in supply chain
management effectively and therefore
further enhance its competitiveness
resulting from the completeness of
services provided by KN.
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