This venture is a stepping stone for the company to create a centre of excellence in Sri Lanka in order to go out to the region, focussing mainly on Bangladesh and Myanmar in the Indian subcontinent. The new brand and container yard which targets most of the major shipping lines also seamlessly align with the prevailing expansion plans of Hemas Holdings. Along with the backing of its shareholders, the company is confident that the yard will be one of the most active of its kind in the country.
Scheduled to be in the second phase of Spectra’s operations, the company has already commenced building one of the largest distribution centres in Sri Lanka targeting pharmaceuticals, white goods and retail trade.
“With this facility and the gamut of freight and logistics services in our portfolio, Spectra Logistics is set to meet the growing demand for third party logistics services in Sri Lanka, brought about by the increase in global trade, as well as the increasingly important role that the country plays as a sourcing base in South Asia for international buyers, and to introduce the true benefits of supply chain solutions of global standards to Sri Lankan customers,” said Lars Bergstrom, Group Vice President, Asia Pacific & Indian Subcontinent of GAC Group.
To be commissioned in mid-June 2018, the warehouse will have a future focussed set up with a capacity of nearly 25,000 palette positions. The distribution centre will be designed in accordance with global industry standards with five chambers and seven high racking, in addition to electric material handling. The entire operation is further backed by proprietary software developed by GAC Global and supported by global IT centres in Singapore and Dubai.
With its existing clientele, shareholder backing and group synergies, the new warehouse is a justified and timely investment. The support of McLarens Holdings is also guaranteed with its associate businesses.
After the establishment of its warehouse facility, Spectra Integrated Logistics will further expand its portfolio with the addition of a distribution arm. Distribution services will be executed through a best in class transport management system with route and load optimisation. In addition, the company’s offerings will also extend to the digital domain where Spectra Integrated Logistics will take the helm to revolutionise the way logistics services are delivered using IoT.
Spectra Integrated Logistics is a Joint venture between Hemas Transportation Pvt Ltd and GAC Logistics Limited Sri Lanka. Hemas Transportation Pvt Ltd is a subsidiary of Hemas Holdings PLC which is a listed conglomerate in the Colombo Stock Exchange with a focus on Fast Moving Consumer Goods, Healthcare, Transportation, and Leisure. GAC Logistics Sri Lanka is part of the GAC Group, a global provider of integrated shipping, logistics and marine services, working in partnership with the McLarens Group.