Lineage Logistics, the world’s largest and most innovative temperature-controlled industrial real estate investment trust (REIT) and logistics solutions provider, today announced it is more than doubling the capacity of its Hanoi facility.
| Lineage Logistics' warehouse in Ho Chi Minh City. Source: Lineage Logistics |
The facility will be expanded from 8,000 to 20,000-pallet positions to meet surging demand from customers servicing Vietnam’s growing perishable food sector.
The facility is used to store and distribute frozen, chilled, and ambient food products to northern Vietnam’s major regional centers and store food products for export, particularly seafood.
“The Hanoi facility expansion will further broaden our reach across Vietnam and Asia more broadly due to its prime location on the key trade routes with China and Southeast Asia,” Jeff Hogarth, Lineage’s President of Asia Pacific, said.
“Vietnam is a key food production and distribution hub, so this is a strategic expansion that will benefit customers across the region.
“We also see great potential for further expansion in Vietnam, given the region’s underdeveloped cold store supply chain, growing customer demand for high-quality logistics solutions, and growing income levels, spurring consumption of more perishable goods.”
The expanded facility will incorporate solar panels as part of the Company’s ongoing commitment to sustainability.
In addition to the economic boost provided by the construction of the facility’s extension, Lineage Logistics will create 50 new long-term jobs to operate the facility.
Lineage Logistics’ Vietnam team has adapted throughout the Covid-19 pandemic, including staffing two Lineage facilities in Ho Chi Minh and Binh Duong to run continuously for three months to ensure essential foods were distributed to Vietnamese citizens.
“The dedication and selflessness of our employees during this extremely difficult time allowed us to ensure the distribution of critical food supplies was uninterrupted and maintain the food supply chain throughout the lockdown,” Vien Nguyen Huu, Regional Vice President at Lineage, said.
Construction of the Hanoi expansion has begun and is due to be completed in July 2022. Lineage Logistics entered the Vietnamese market in 2019 with its acquisition of Preferred Freezer Services. The company has operations in Ho Chi Minh, Binh Duong, and Bac Ninh.
Lineage Logistics is one of the world’s largest temperature-controlled industrial REIT and logistics solutions providers. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe, and the Asia Pacific.
