COSCO Logistics recently start building a new warehousing facility in Qingdao, Logistics Week reported.
The facility costs US$40 million, covers an area of 120,000 square metres. Construction is expected to be complete by November.
The facility is able to achieve an annual sales volume of CNY500 million (US$71.39 million) after it starts operation and become the largest warehousing and logistics facility in northeast China's Shandong province.
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