In Dec 2015, SMI signed a joint venture with Senko, a major logistics group listed on the Japanese Stock Exchange, to provide logistics and warehousing services in Myanmar. In Oct 2016, the joint venture opened its first state-of-the-art warehouse (approx.3,400 sqm) in Yangon’s Insein township, inclusive of dry, cold and cool storage facilities. The warehouse business has got off to a promising start and customers’ reaction to the provision of first class cold and cool storage facilities have been excellent. As a result, the business is operating at close to 100% of its capacity.
A property search has already been initiated with a leading real estate consultancy firm for a second site in Yangon. Supported by state-of -the -art Japanese technology, the vision for this business is a network of warehouses across Myanmar in Key locations providing international standard logistics including trucking and other transport related services.