BIZCHINA> Reports
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BIZCHINA> Reports
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Sinotrans logistics center to open
By Yu Xiaoming (chinadaily.com.cn)
Updated: 2006-09-09 09:33 Sinotrans Shanghai Cold Chain Logistics Co Ltd said its 11,000 square meter cold chain logistics center in Jiading, with an investment of 120 million yuan, will be put into use in October. At present, Phase II is in preparation. Taking advantage of the immense resources of the logistics real estate industry, Sinotrans has taken cold chain logistics as a breakthrough to increase profit, general manager Qi Yan said. As a high-risk investment channel, cold chain logistics has a relatively low ROI (return on investment) compared to other investments, however, it has a stable, long-term profitability. As a result, Sinotrans rebuilt warehouses in various regions, tapping its fixed assets in place. ...... The full text is available in the September Issue ofLogistics China. (For more biz stories, please visit Industries)
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