YCH Group, Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner signed a Memorandum of Understanding (MOU) with CPC Nantong Northern New Town Management Committee to develop a DistriPark within the Nantong Integrated Logistics Park to support urban development of logistics infrastructures in Nantong City.
As a key port and economic centre in the Jiangsu Province, Nantong City is a fast-growing coastal city strategically located along the Yangtze River Delta. According to a report published by Milken Institute in September 2016, Nantong City is one of the top ten Best-Performing 3rd tier cities in China, characterised by its rapid development and growth of wages, jobs, GDP & FDI in the city.
The new DistriPark will help to fill development gaps and intensified the growth of logistics infrastructure and capabilities, supporting the rapid urbanisation of Nantong City. The hub will also boost connectivity between the coastal and inland cities of China through the “One Belt, One Road” initiative, bringing further development prospects to China’s inland cities.
“The DistriPark is strategic and instrumental to YCH’s expansion in the coastal and inland cities of China. With the rapid development and growth of second and third-tier cities in the country, the new facility will provide immediate access to the best-in-class Supply Chain solutions for our clients in the region.” said Dave Lim, Chief Executive Officer of YCH China.
“The Nantong Integrated Logistics Park was designed to support the rapid growth of consumerism and urbanisation in Nantong City. We are delighted to collaborate with YCH, a notable Singapore company, who will add value in our efforts to develop Nantong into the next major economic centre of China.” said Zhou Yong, Director of CPC Nantong Northern New Town Management Committee.
YCH has built a comprehensive network in Greater China since the mid 90s, expanding its growing presence in key cities such as Shanghai, Beijing, Tianjin, Hangzhou, Suzhou, Kunshan, Nantong, Chengdu, Xiamen, Shenzhen, Guangzhou, Macau and Hong Kong. In addition to this MOU signing, YCH has also recently launched a Retail Hub in Xiamen, and implemented its EduRISE Talent Development Programme at Jiangsu Vocational College of Business earlier this month.