June 3, 2015
Preparations are being advanced for establishment of a new joint venture company for cold storage business in Vietnam by Kawasaki Kisen Kaisha, Ltd. ("K" Line), Cool Japan Fund Inc. and Japan Logistic Systems Corp., about which an advance press release was issued on September 25, 2014.
It is now confirmed that the new joint venture company has received official approval for the establishment from Vietnamese authorities.
Access to Ho Chi Minh City center, international airport and Cat Lai port is attractive.
The new joint venture company will contribute to popularization of Japanese food in Vietnam by providing high-quality services.
Bangkok Cold Storage, a member company of the "K" Line Group, has been engaged in cold storage business in Bangkok, Thailand for 26 years since 1989. Bangkok Cold Storage's experience and expertise will be transferred to the new joint venture company with measures for damage prevention and energy saving to also be performed. The sophisticated marine and air transportation network of the "K" Line Group, as well as the knowledge of Japan Logistic Systems Corp., which has been doing business in Vietnam for more than 20 years, will also be utilized to provide incidental services such as delivery arrangements.