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TASCO Leverages Malaysia to Support Its Long Term Growth

>Why Malaysia Series>TASCO Leverages Malaysia to Support Its Long Term Growth

TASCO Leverages Malaysia to Support Its Long Term Growth

TASCO Berhad was incorporated in Malaysia on 10 September 1974 and is currently listed on the Main Market of Bursa Malaysia Securities Berhad. TASCO is part of the global network under the umbrella of Japanheadquartered Yusen Logistics Group comprising 25,000 employees linking Japan, the Americas, Europe, East and South Asia as well as Oceania, with more than 594 distribution centres worldwide. The Company provides total logistics solution services such as international freight forwarding (air and ocean), contract logistics, haulage, trucking, distribution and warehousing, customs clearance, cross-border logistics including temperature-controlled solutions.

 

TASCO has been aggressively expanding their warehouse space in Malaysia over the past decade. The Company’s Shah Alam Logistics Centre (SALC) was acquired and upgraded in 2009 and this has contributed to the Group’s high performance in the following years. SALC’s strategic location at Shah Alam, Selangor enables TASCO to provide more value-added services to their customers. Two additional warehouses were also built within the SALC facilities after acquiring the physical structures. Presently, SALC has developed into a total logistics hub comprising of its headquarter facility, warehouses, trucking, haulage, customs clearance, air and sea freight forwarding.

 

As of today, TASCO operates approximately 2.7 million sqft of warehouse space throughout the country with an overall occupancy rate exceeding 90 per cent. Despite the COVID-19 pandemic, TASCO has seen business and revenue performance reaching a historic high in the current financial year.

 

Among the Company’s clientele include industry stakeholders within sectors of technology (electrical and electronics), automotive, Fast Moving Consumer Goods (FMCG), retail, healthcare and medical, aerospace and energy. In order to provide and maintain quality services to customers, the TASCO Group has the following certifications:

 

– Quality Management Systems ISO 9001:2015 Environment Management Systems ISO 14001:2015

– Food Safety Certification ISO 22000

– Food Safety Management System ISO 22000

– TAPA FRS (Facility Security Requirements) by Transport Asset Protection Association

– JAKIM HALAL certification by Department of Islamic Development Malaysia

– Good Distribution Practice in Medical Device (GDPMP) by TUV Nord Malaysia

In its latest venture, TASCO will expand its warehouses, distribution centres and transportation fleet to support the roaring e-commerce market, as well as its long term growth plan. The Company has been approved by the Malaysian Investment Development Authority (MIDA) to carry out Integrated Logistics Services (ILS) activities on the expansion of their warehouse project. The Company plans to invest at least RM400 million in the development.

 

The construction of the project is scheduled to commence by the third quarter of the year. This project is expected to create an additional 640,000 sqft of warehouse space and more than 100 employment April 2021 | 13 opportunities for Malaysians. TASCO is confident to expand its services and customers base and make Malaysia a key logistics hub in the region.

 

The Government through MIDA provides incentives to encourage logistics companies to undertake logistics operation in an integrated manner and to adopt technology in their operations in Malaysia to position themselves as regional hub service providers. In 2020, a total of 12 ILS projects were approved by MIDA with investments totalling RM1.4 billion. These projects are expected to create 1,878 employment opportunities.

 

Source: MIDA e-Newsletter April 2021

 

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