TASCO BERHAD (TASCO) established a subsidiary, TASCO YUSEN GOLD COLD SDN BHD (TYGC), which operates a cold-chain business in Malaysia.
In January last year, TASCO, a Yusen Logistics subsidiary in Malaysia, reached agreements to acquire Gold Cold Transport Sdn Bhd, Inc. (GCT) and MILS Cold Chain Logistics Sdn Bhd(MCCL), two leading cold chain logistics providers in Malaysia, under demand for refrigerated transportation and cold storage facilities for perishable products, such as fresh produce, beverages and pharmaceuticals, is rising as a result of population growth and increased personal consumption throughout the ASEAN region. And TASCO completed the acquisition of GCT in July last year and MCCL in early June this year. In order to further expand cold-chain services, TASCO established a subsidiary, TYGC, which has been operating under the umbrella of GCT and MCCL.
GCT is one of the largest cold chain logistics providers in Malaysia. It has about 200 reefer trucks and a warehouse storage capacity of about 31,000 m², primarily handling frozen and chilled foods. GCT manages approximately 80% of the domestic share of ice cream distribution.
MCCL is the tenth largest cold chain logistics provider in Malaysia. It operates chilled and frozen warehouses (about 7,000 m²) in the area adjacent to Westport of Port Klang. Located near customs and port authorities, the area is also a commercial free zone. In addition to the purchase of MCCL, TASCO completed the acquisition of land (about 160,000 m²) and ambient warehouses (about 23,000 m²) in the area.
Both of these companies have obtained halal certification from the Malaysian government’s certification organization, the Department of Islamic Development Malaysia (JAKIM), and are able to provide cold-chain services for halal foods in Malaysia. We aim to create a one-stop cold-chain services by linking the both companies' know-how in Malaysia to our global network.
Following our Long-Term Vision, “TRANSFORM 2025”, we are focusing on "Expand cold-chain and healthcare business into one of the region’s main commercial pillars" and "Aggressively look for appropriate investment opportunities" as area themes of South Asia and Oceania region. We will expand the cold-chain business in Malaysia and its know-how globally, providing supply chain logistics service to meet customer needs.