Trans-Asia Shipping Corp (Tasco), scheduled to list on Bursa Malaysia main board on December 28, sees its wide network as enhancing its standing in the competitive logistics industry, reports the Malaysia Star.
"We intend to synergise our sea, air and land services by servicing customers with a network that combines the shipping fleet of Nippon Yusen Kabushiki Kaisha [NYK] group," said Trans-Asia managing director Lee Check Poh, adding that manufacturers prefer "one stop solutions providers."
Mr Lee also said automotive manufacturers look out for only total logistics solutions providers with strong international connections and networks when outsourcing.
Tasco is currently eyeing the pharmaceutical, home appliances, construction and chemical sectors as new sources of business for its cargo division, he said.
The company mostly serves overseas multinationals principally in Japan, the UK and the United States.
"Our major customers are mainly international merchandisers who source product in Malaysia, and market in Europe and North America," said Mr Lee.
The group's air division contributes 47 per cent to the group's revenue, while ocean and land divisions contribute 29 per cent and 15 per cent respectively. Its international freight division contributes seven per cent and international customers provide 70-80 per cent of revenue. Tasco made RM12.41 million (US$3.7 million) profit on RM354.86 million revenue in 2006. |
