Sinwa Limited hosted a visit this week by analysts and investors to its new 2-storey warehouse in Joo Koon Circle.
The facility, which cost S$12 million to build, has been granted a 24-year lease by the Jurong Town Corporation.
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With 5,400 sq m of new space, Sinwa's warehousing capacity has doubled. In terms of pallets, storage capacity increased by 400%.
All this supports Sinwa's revenue growth, and enables it to buy in bulk -- and at lower cost -- stuff that its customers need.
After the warehouse visit: Q&A with Sinwa management (Chairman Mike Sim, CEO Bruce Rann, financial controller Elvin Law, and sales & marketing director Alexander van Zuylen). Photo by Jonathan YeohThese include a wide range of provision supplies -- fresh, frozen, chilled and dry provisions sourced globally.
In addition to staple items, Sinwa also stocks special ethnic ingredients and foods for the needs of multinational crews of vessels.
The new warehouse will enable Sinwa to explore opportunities in new segments.
The other 4 players are MNCs: • Fuji Trading (Japanese), • Wrist (Danish). • HMS Group (German) and • EMS Seven Seas (Norwegian / Middle Eastern). |
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It has increased freezer, chiller and ante-room capability. It also upgraded its fleet of delivery vehicles to include refrigerated delivery trucks.
Sinwa also stocks thousands of items, ranging from general stores, hardware and electrical stores to anchor chains, general mooring and lashing equipment.
Yearly, Sinwa sells supplies to over 15,000 vessels. Sinwa serves more than 100 ports from 12 offices located in Singapore, China, Australia, Malaysia and Thailand