SCGJWD Logistics (SET: SJWD) implements roadmap to further expand cold storage investment base from CLMV + China to high-growth ASEAN countries

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BANGKOK, Sept 26, 2025 - (ACN Newswire) - SCGJWD Logistics PCL (SET: SJWD), the largest integrated logistics and supply chain service provider in ASEAN, is further expanding its cold storage warehouse business, increasing coverage from the 'CLMV + China' group to Indonesia, the Philippines, Malaysia, and Singapore. This enlarged regional cluster reinforces the Company's position as a strong Cold Chain Hub in ASEAN, capitalizing on the growth of cold storage in the region, and leveraging cold storage as a growth driver to its core business.Mr. Bunn Kasemsup, Co-CEO of SCGJWD Logistics, revealed that the Company recognizes the economic growth potential of Indonesia, the Philippines, Malaysia and Singapore as leading ASEAN countries driving regional economies. "We are expanding our cold storage warehouse and temperature-controlled transport business from the 'CLMV + China' group of countries (Cambodia, Lao PDR, Myanmar, Vietnam + China) to these SEAsian countries to enhance the potential for SJWD to become a Cold Chain Hub in ASEAN - a strong center of the cold storage warehouse business in ASEAN, including the creation of a regional cold storage warehouse clusters."SJWD has invested in logistics services in Indonesia since 2017, through joint venture PT SCG Barito Logistics, and is capable of providing Indonesia-wide logistics services, covering the country's major islands, namely Java, Sumatra, Kalimantan, Sulawesi, Bali, and Maluku. The services include land transport, general warehousing, and dangerous goods storage with a fleet of more than 200 trucks. In 2025, SJWD expects to realize a revenue of US$45 million, an 8% year-on-year increase, mainly from serving customers within the SCG Group and Thai companies investing in Indonesia. SJWD has also entered into a joint venture with the Samudera Group, a major Indonesian shipping line operator, to manage cold storage warehouses, and is in negotiations for a business collaboration with a major Indonesian cold storage warehouse operator, which runs seven cold storage warehouses with a combined capacity of 30,000-40,000 pallets.In the Philippines, SJWD partnered with Royal Cargo, Inc (RCI), a leading integrated logistics and cold storage service provider in the country, to establish SCG Logistics Philippines Co., Ltd., a joint venture in 2023. SJWD recognized growth opportunities in the cold storage business ...

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