PSA Thailand and SCG Logistics Management Company is forming a joint venture to develop and operate the Thai Prosperity Terminal in Thailand, which will be rebranded as the Thai Connectivity Terminal (TCT).
The joint venture firm, to be named SCG-PSA Holdings Co., Ltd., will serve as a springboard for potential joint exploration and investment in supply chain related opportunities across the region, with a major focus on Thailand, according to the joint news release of the two companies.
PSA and SCG said TCT is a well-established river terminal in Thailand that directly serves the hinterland in and around the capital city, situated along Thailand’s Chao Phraya River in Bangkok and in close proximity to the city centre and industrial estates.
It said TCT is also well connected to the deepsea port at Laem Chabang, allowing it to cater to the varied needs of local and regional cargo owners.
"Capitalizing on TCT’s strategic location, PSA is committed to growing this critical node as part of our greater transport and cargo solutions network, and to open up more avenues of opportunity for the movement of goods and materials throughout the region,” said Ong Kim Pong, regional CEO for Southeast Asia at PSA International.
Paitoon Jiranantarat, managing director, SCG Logistics Management, said the partnership will enrich the logistics services of SCG Logistics in the areas of port, freight management, and import/export and would enable them to provide seamless logistics solution in ASEAN region.
TCT is also seen to benefit from PSA Group’s digital platforms such as Global PORTNETTM and CALISTATM.
"TCT is well-positioned at the heart of Thailand’s push to be the hub of regional connectivity, both physically and digitally," the release added.