“JWD to acquire 20% stake in ESCO, sealing partnership with PSA” bolstering capability in Multimodal Transportation services: by land, sea and rail and has become a major terminal operator at Laem Chabang.
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JWD splurged on a major investment this year by buying up to 20-percent effective shares in Eastern Sea Laem Chabang Terminal or ESCO, a key container terminal operator at the Laem Chabang Deep-Sea Port in Chonburi Province and an inland container depot (ICD) service provider at Ladkrabang. JWD’s share acquisition will result in JWD becoming a business partner of PSA, who manages and operates Singapore’s world-class transshipment hub, as PSA is also a shareholder in ESCO.
The investment is in accordance with the 5-year strategic plan in acquisition and scaling up of JWD Transport – to increase its capability to more effectively provide multimodal transportation logistics that will have connectivity with various modes of transportation such as road, rail and sea and to expand the customer base from the international container terminal and the ICD at Ladkrabang for the use of the Company’s integrated logistics services.