PSA Thailand and SCG Logistics Management Company are creating a joint venture to invest in developing and operating the Thai Prosperity Terminal in Thailand. The two partners will also rename it, Thai Connectivity Terminal (TCT).
The new company will be called SCG-PSA Holdings, and it will be a springboard for possible joint exploration and investment in supply chain, focusing greatly on Thailand.
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TCT is located near Thailand’s Chao Phraya River in Bangkok, as well near to its city center and industrial estates. It serves the hinterland in and around the capital city, while it is connected to the deep-sea port at Laem Chabang.
Now, the joint venture will use PSA Group’s digital platforms to become a hub of regional connectivity.
Commenting about the partnership, Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said that leveraging TCT’s strategic location, PSA aims to grow this critical node as part of its transport and cargo solutions network. It also aspires to open more windows of opportunity for the movement of goods and materials throughout the area.
