This acquisition extends the reach of PWC's supply network into Lebanon and its ports on the Mediterranean Sea.
PWC plans to upgrade the facility and use it to provide third-party logistics (3PL) services. Upgrades will include installing the EXceed WMS warehouse management system to improve inventory tracking and visibility and completing the installation of very-narrow-aisle (VNA) racking to maximize the capacity of the facility.
Essa Al-Saleh, PWC Logistics' Managing Director - Corporate Development, commented, "Lebanon is a vibrant and growing market with access to the Mediterranean." He continued, "This warehouse is a natural addition to our existing network of facilities and brings us another step closer to achieving our vision of a seamless supply network covering the entire Middle East."
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PWC Logistics extends its supply network into Lebanon
- Kuwait: Tuesday, October 12 - 2004 at 10:35
- PRESS RELEASE
PWC Logistics, the leading provider of comprehensive supply chain solutions in the Middle East, today announced the purchase of a warehouse facility from the Spinneys group, in Beirut, Lebanon.
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About PWC LogisticsPWC Logistics is the leading provider of supply chain solutions to companies and governmental organizations throughout the Middle East. Through its integrated network of warehouse facilities and transportation options, PWC provides its customers with flexible logistics solutions tailored to meet their business needs. PWC is a publicly traded company listed on the Kuwaiti Stock Exchange, ticker symbol WARE.KW, with a market capitalization value of approximately KWD900 million (US$3.1 billion).
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, October 12 - 2004 at 10:35 UAE local time (GMT+4)
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