Myanmar: Singapore’s Yoma, Japan’s Kokubu opens $5m storage facility in Yangon

Singapore based Yoma Strategic Holdings and Japan’s Kokubu Corp have opened a $5 million multi temperature storage facility in Yangon to expand to an end-to-end cold chain logistics facility in Myanmar.

The new storage facility spans 4500 square meters and is located at the Highway 3 of Mingaladon township. It has been constructed by KOSPA Limited – a joint venture of Yoma and Kokubu – that distributes food produce in Myanmar using refrigerated vehicles.

The facilities include fully racked storage chambers with independently managed and controlled storage temperature conditions, stated in the announcement by Yoma.

the HV has been operating since October 2014 with some multi-temperature controlled trucks and servicing industries like agriculture, pharmaceutical and hotels; the new storage facility will be a supplement to its vehicle fleet.

“By leveraging the significant expertise from our partner, we are confident KOSPA will address and fill an important gap in the market to transport, store and distribute temperature sensitive products efficiently and to the highest international standards,” said Melvyn Pun, CEO of Yoma Strategic.

The storage is designed to be a “modern warehouse management system” providing inventory management solutions and will handle both large and small scale.

“The opening of the KOSPA multi-temperature storage facility in Yangon and our strong partnership with Yoma Strategic allows KOSPA to provide cost effective and efficient distribution platforms to food industries in Myanmar. We believe that this will allow us to positively contribute to better food quality in Myanmar,” said Akira Kokubu, executive vice president and COO of Kokubu Corp.

Other players in the field of logistics include  Singapore-listed Singapore Myanmar Investco Limited which entered into a joint venture with Japan’s Senko Co Ltd to provide logistics and warehouse services in Myanmar with an initial capital of $1.3 million.

Also Read:

Singapore’s SMI in JV with Japan’s Senko to provide logistics services in Myanmar

Vietnam logistics sector to grow 20-24% on back of surging trade, e-commerce

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.