NEWS
News

In order to enter the Warehousing & Logistics in Malaysia, we have reached an agreement with GENIKI HOLDINGS SDN BHD, the holding company of Geniki Lines Sdn Bhd, a local international container shipping company, to establish a joint venture "Geniki-Suzue Malaysia Sdn Bhd". I did.

On July 1, 2013, we have signed a joint venture agreement at the hotel in the city of Kuala Lumpur between them. The establishment of Geniki-Suzue Malaysia Sdn Bhd aims to further develop and strengthen our business in Southeast Asia and to establish a system that can respond quickly to customer's needs.

Malaysia, blessed with many natural resources, with steady domestic demand and development supported by large-scale public works projects, is the third market size among the Association of Southeast Asian Nations (ASEAN · 10 countries), and our five international bases (China, Vietnam, Thailand, Indonesia, Myanmar), the tariff barriers within the region will be abolished in principle with the establishment of the Association of Southeast Asian Nations (ASEAN) Economic Community in 2015 and deregulation will result in new cargo , And we are convinced that it will be an important base for our company, which places importance on expanding and strengthening regional logistics in Southeast Asia.

Upon establishment of a joint venture with Suzue Corporation, GENIKI HOLDINGS SDN BHD Mr. Lau Yew Choong, Managing Director received comments from the managing director that "I am hoping for a Japanese call at own ship in the near future".

Outline of joint venture