Sri Lanka’s Hayleys Advantis unveils country’s largest logistics distribution hub
Hayleys Advantis Ltd of Sri Lanka has reportedly ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, Ja-ela.
This is part of the company’s strategic capacity building and expansion efforts aimed at serving its clients better through greater efficiencies and economies of scale. “The move bodes well for the nation’s vision of establishing Sri Lanka as a key logistics hub in the South Asian region,” Hayleys Advantis has said in a media release.
With the first phase of development now complete, this new facility adds 335,000 sq. ft. of space with 38,000 pallet positions and a holding capacity of up to 55,000 cubic metres (CBM) to the company’s warehousing footprint. The soon to commence second phase of development at the site will see this expand to approximately 500,000 sq. ft.
Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC has said, “Our newly unveiled 3PL Logistics City will help the nation move yet another step closer towards realizing its goal of emerging as a key logistics hub in the South Asian region.”
The facility is designed to cater to diverse industry verticals and serve as a distribution hub capable of meeting the fast-changing needs of brands and retailers across the globe. It will be equipped with best-in-class technologies and product management systems with a focus on automation and digitization. Located in close proximity to the main sea and air ports in the country, it is also well connected to the road network, with easy access to major highways and expressways.
Ruwan Waidyaratne, Managing Director, Hayleys Advantis Ltd has said, “Advantis has taken many bold steps in the recent past with the aim of uplifting Sri Lanka’s logistics industry in preparation for Asia’s trade and commerce boom. This new facility will allow us to consolidate most of our operations at a single location and deliver greater operational efficiencies and cost benefits to our clients.”
Advantis 3PL Plus has nearly two decades of experience in the field of warehousing and distribution management and has taken its expertise to multiple countries in the region within the last decade. The company currently operates distribution centres in India, Indonesia, Myanmar and Bangladesh with the newly opened facility in Sri Lanka being the largest amongst them.
OSL take:
The opening of the country’s largest logistics city by Sri Lanka’s Hayleys Advantis is indicative of the growing logistics business in Sri Lanka. Given the country’s geographical positioning, Sri Lanka is undoubtedly a hub for logistics providers in the Indian Ocean region. With Sri Lanka fast becoming a logistics hub in South Asia, foreign logistics companies could explore business opportunities in Sri Lanka and the possibility of forming partnerships with local logistics companies.
| Article Code : | VBS/AT/20181227/Z_6 |