DB Schenker has announced another multi-million euro investment in Singapore as part of its efforts to further boost its footprint in the Asia Pacific region.
The German transportation and logistics provider said it is investing more than €101 million (US$110 million) in Singapore — topping a 2020 investment for its 'Red Lion' facility in the Southeast Asian island nation — then its largest investment globally.
"Three years on, DB Schenker doubles down at the 'Red Lion2' ground-breaking ceremony, officiated by Singapore Acting Minister for Transport and Senior Minister of State for Finance, Chee Hong Tat," the announcement said.
"DB Schenker is set to invest more than 101 million Euro, surpassing its previous record investment at 'Red Lion,' and is expected to be completed by the first half of 2025," it added.
DB Schenker noted that Red Lion2 combines sustainability and innovation leadership into its Singapore masterplan at the Tampines LogisPark, with a sky bridge to connect Red Lion2 to its existing adjacent SLC3 facility.
This makes DB Schenker the largest global 3PL (Third-Party Logistics service provider) not only in Tampines LogisPark but also in Airport Logistics Park of Singapore (ALPS) and Changi South Business Park, with over 16 locations and more than 3.97million square feet of operational footprint throughout Singapore.
Source: DB Schenker
"Red Lion2 is a testament to our commitment to Singapore and the Asia Pacific region," said Dr Niklas Wilmking, DB Schenker CEO for Asia Pacific, adding that as part of the company's "ever-growing logistics ecosystem," it serves a s a vital, sustainable, and strategic hub for its customers and our global network.
"We invest with clear intent to not only build resilience and scalability for our customer's supply chains but also to drive digitalization, sustainability & network agility with ground-breaking and cutting-edge initiatives for the industry. We are pivoting towards the future not just for the region from right here in Singapore but also for the rest of the world," Wilmking added.
Catherine Soo, the cluster CEO for Singapore and Malaysia, said DB Schenker's teams collaborated closely with its customers and Singapore government agencies, such as EDB and JTC, to make "Red Lion2" a reality.
"We have had to do things differently in designing and optimizing the space & workflow, which led to a first-ever sky bridge interconnecting our two facilities at Tampines LogisPark instead of conventional ramps at Red Lion2," she said.
"Also, with the combined deployment of Solar Panels across our facilities here, we have the largest solar-powered logistics facility in Singapore, generating more energy than consumed on site," Soo added.
Red Lion2 incorporates design and functionalities which accredits its LEED GOLD and LEED ZERO Carbon status, as well as Green Mark PLATINUM and Green Mark ZERO Energy certification.