JWD InfoLogistics Public Company Limited (JWD) has devised a five-year strategic plan to elevate revenue to 10,000 million baht with the emphasis on the master plan to create growth for current businesses and investing in new businesses to create New S-Curve to leverage the transportation group through the plan to expand the business towards integrated transportation covering marine, rail and land. This is to ensure efficient transportation in the form of “Multimodal Transportation” following the finalization of the acquisition of VNS Transportation Company Limited with a budget of 200 million baht. Meanwhile, the investment in the cold storage business progressed with the construction of the establishment of distribution centers in major provinces to serve as regional hubs for the efficient shipment of temperature-controlled cargo. The plan is also on course to expand the base for the B2C business group through the expansion of the self-storage business, express delivery of temperature-controlled goods to service food and pharmaceutical businesses, as well as to provide online goods storage management system for order fulfillment covering dry and temperature-controlled storage that is expected to be ready in July this year. Also in the pipeline is the real estate development business related to logistics businesses.

Mr. Charvanin Bunditkitsada, Chairman of the Executive Committee and CEO of JWD InfoLogistics Public Company Limited (JWD), ASEAN’s recognized expert in logistics and supply chain, revealed that the Company has devised the five-year strategic plan to increase the revenue to no less than 10,000 million baht, or a growth of twice the figure for the year 2020 of over 3,900 million baht. This is to be realized from the constant drive to increase the revenue from current businesses along with the increased investment in new businesses that will form the “New S-Curve” which will in turn serve to leverage the current businesses – under an investment budget of approximately 15,000 million baht in the next five years. The source of the capital will be varied, such as from the existing cash flow, loans from financial institutions, bond issuance, establishment of a trust fund to raise capital, and contracting the lease of assets to the trust fund.

Where the plan to drive the current businesses to grow the revenue according to the target in concerned, the Company concentrated on three groups: 1) Transportation Group; 2) Cold Storage Group, and; 3) Foreign Investment Group. For the transportation group, the emphasis is on the increase in efficiency in Multimodal Transportation services, covering marine, rail and land transportation. The Company has the plan to expand the business to become the deep-sea port management service provider within Laem Chabang Deep-Sea Port in Chonburi Province. Currently, JWD has been contracted by the Port Authority of Thailand to manage the Barge Terminal and the lifting and transferring of cargo containers within the Laem Chabang Port premises.

Most recently, JWD Transport (Thailand) Company Limited, a JWD subsidiary, reached an agreement to acquire all shares in VNS Transport Company Limited (VNS) and all its affiliated assets with a budget of 200 million baht. At the same time, Mr. Bordin Tanthaphaiboon, chief executive of VNS Transport Co., Ltd. will hold 13.6 percent in JWD Transport (Thailand) Co., Ltd. and will assume the position of the company’s Managing Director. This acquisition is considered to be an important investment in order to expand the logistics business and elevate JWD Transport (Thailand) Co., Ltd. to become the ASEAN region’s integrated logistics service provider, and by utilizing VNS’s expertise to expand the “milk-run” transport, particularly the just-in-time transportation of auto parts and accessories from manufacturers to the automotive assembly plants of all brands.

Taking into consideration JWD Transport’s expertise in the transportation of vehicles of different brands, the company will be assured of complete logistics coverage for the automotive industry from downstream to upstream. Furthermore, following the acquisition, the company will expand the business base to cover the transportation of other types of cargos in which the company already has the expertise, such as the transportation of chemicals and hazardous cargo, general cargo, project cargo, express temperature-controlled deliveries, cross-border deliveries, etc. The realization of revenue derived from this acquisition is expected as from the second quarter onward as the revenue of JWD Transport Co., Ltd. is expected to double from just over 400 million baht last year to over 800 million baht this year. Financial advisers have been contracted to prepare the papers to register the company on the Stock Exchange of Thailand (SET) within 2023.

Where the cold storage business is concerned, the Company has a plan to further invest in the cold storage business in the forms of either direct investment or with interested joint venture partners to develop cold storage distribution centers in provinces with high potential to become the hubs of distribution to suppliers within specific areas or peripheral provinces, and thence to final destinations. The targeted regions are the South, Northeast and North to Upper Central. For logistics businesses abroad in the next five years, investments will be concentrated in Cambodia, Vietnam and Indonesia through direct investment and merger & acquisition.

The Chairman of the Executive Committee and CEO of JWD added that, where the investment in new businesses is concerned, the Company will put the emphasis on expanding the B2C (business to customer) business base particularly the self-storage business to achieve exponential growth. At present, the Company is in the process of studying the possibilities of entering into a joint venture with a foreign partner who is the pioneer of the business model that provides the online service for the search and reservation of private storage spaces through an application platform whose services now covers the Asian region. Such a partnership will leverage JWD to become a regional service provider for self-storage.