Logistic Facilities Expected to Boost Kingston Wharves Revenue by 15%
Jamaica News, February 7, 2018
Kingston, Jamaica (McKoy’s News) – Kingston Wharves Revenue: With logistics presently accounting for 20 percent of Kingston Wharves Limited’s (KWL) total sales, the addition of two new logistics facilities is expected to increase sales by an extra 15 percent over the following three years.
Officially opening the 160,000 square feet Total Logistcs Facility on January 26th, 2018, Prime Minister Andrew Holness was present alongside other government and opposition officials at the ceremony.
Kingston Wharves Revenue: the Total Logistics Facility which houses and handles palletised cargo, as well as the Global Automotive Logistics Centre which houses cars for the regional markets, both began operations last November.
Without delay, KWL has promptly commenced at the Total Logistics Facility with an estimated 10 employees assembling light on products made by Chinese company ZTE, for a local telecoms corporation.
As for the automotive centre situated in Tinsen Pen, CEO of KWL Grantley Stephenson highlighted that ATL Automotive intends to transfer a substantial portion of their operations to the centre.
Additionally, with car dealer Jetcon presently hoarding its vehicles at the facility, the likelihood for regional trade also presents itself.
To top things off, KWL is discussing another contract at Tinsen Pen. This will see individuals being hired to furnish automotive by adding for example sunroofs and changing car seats.
According to Stephenson, “This facility offers better servicing to the domestic clients by improving vehicle stock management and pre-delivery operations for a full-service centre.”
He further stated that KWL is trying to obtain more land in Tinsen Pen, as it will enable them to cater to more clients, with minimum one, wanting to establish a warehouse there by April.
“Though we already have 18 acres (at Tinsen Pen), we need to replicate this about three times. We just need to get the nod that we are going to get the land, and then we are ready to go. We expect this to happen later this year,” Stephenson said.
He also declared that KWL will be launching a food court to accommodate vendors as well as a parking zone for truckers at Newport West.
Holistically, KWL’s aim is to construct an industrial park and gated community.
Kingston Wharves Revenue: Kingston Wharves has devoted minimum $4 billion dollars toward improving its infrastructure over the past three years. The aforesaid figure excludes infrastructural work in Tinsen Pen for the Global Auto Logistics Centre, which up to the present amounts to an estimated $250 million.