Bangkok, November 21, 2023 WHA Corporation Public Company Limited (WHA) and PTT Global Chemical Public Company Limited (GC) announced a joint venture in the logistics business. for potential development and the ability to compete in providing logistics services to GC Group, along with seeking opportunities to expand the business in the future. In joining the said joint venture, WHA will purchase shares in GC Logistics Solutions Company Limited (GCL) in the proportion of 50%. The said transaction has an investment value of approximately 2,640 million baht.
Ms. Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group Chief Executive Officer of WHA Corporation Public Company Limited said, “In investing in GCL, WHA has looked at the synergies that will arise from the expertise and market position of both GC and WHA in order to make GCL’s current business base more competitive. more and expand opportunities to expand the business base in the future Initially, the focus will be on transforming GCL into 4th Party Logistics (4PLs) through 4 main strategies: (1) Enhance Competitiveness. Increasing the potential and competitiveness of GCL by relying on the experience and expertise of both GC and WHA. (2) Lean Organization & Business Process Improvement Adjust the organization and work processes. To increase efficiency and reduce business operating costs (3) Asset-Light Model reduces the holding of fixed assets. To increase efficiency and financial flexibility. (4) Digital Transformation & Innovation: Apply modern technology and innovation to drive business. which is the concept of managing logistics activities in all dimensions At the same time, we are also considering reducing the impact on nature and the environment at the same time, as reflected in promoting the use of green technology and the use of clean energy, such as Green Logistics, which will help save energy and reduce environmental pollution. too
Dr. Kongkrapan Intarajang, Chief Executive Officer and President, PTT Global Chemical Public Company Limited (GC) said, “GC has put in place operational strategies to increase strong business efficiency. By supporting and growing together with partners in many areas such as production technology. Special chemical products This cooperation between GC and WHA is a perfect combination of the strengths of both companies. By being a leader in the warehouse and distribution center business as well as logistics with high potential With WHA’s world-class quality standards, it will help GCL become an Integrated Logistics Company with a complete business network. It also helps increase capabilities and improve service levels to our customers. This makes receiving products highly accurate, fast, and at a competitive cost. In addition, customers can participate in reducing greenhouse gas emissions, resulting in a reduction in the carbon footprint of business operations. With innovation and technology in green logistics (Green Logistics) as well.”
Currently, GCL is a company in the GC Group providing integrated logistics services in the chemicals and other product businesses. The services can be divided into 6 groups: (1) Supply Chain Solutions – supply chain management (2) Silo Bagging and Packing – product packing services (3) Warehouse Management – warehouse management (4) Transportation – Transportation services (5) Custom Clearance – Customs services and (6) Freight Forwarding – International shipping services. This joint venture in the logistics business between GC and WHA combines the expertise, strengths, and market leadership of both parties. In developing and strengthening the service of GCL at present and in the future
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