‘news’ Category

Bangalore Firm Gives Warehouses Massive Cash Injection

A recent injection of $18.5 million of equity funding will be used by the Bangalore-based company National Collateral Management Services (NCMSL) to improve their Indian warehousing services by building more warehouses in order to service the constantly growing food industry in the country.

Contributions of $5 million from the India Farmers’ Fertilizer Cooperative, $7.5 million from Rabobank and $6 million from the IFC, the funding will see warehousing, processing, marketing and logistics see a boost in the face of a massive predicted growth in the Indian food market by 2015.

Managing Director and CEO of NCMSL, Sanjay Kaul, stated: “We … Read More

Topps Tiles to Complete New Lancashire Warehouse

The fourth quarter of 2011 will see the completion of a brand new £1.6 million warehouse constructed by Topps Tiles, which has stated that the new warehouse facility is “integral to its supply chain.”

The extra warehousing space will be incorporated as an additional facility to its existing buildings and warehouse units in Leicestershire and is expected to be up and working in time for October.

In an official statement, Topp Tiles said that “the warehouse will play a significant role in our logistics strategy over the coming years, as we further integrate our supply chain and allow increased levels … Read More

New York Food Bank Increasese Warehouse Space

The Food Bank Of Central New York, an organisation created with the aim of distributing food supplies, education and other essential necessities to the needy, has recently announced that a new 74,000 square foot warehouse location now has more space and is therefore able to house more cold food storage.

This new warehousing project will see an marked increase in the supply of foods to those in need, with space for cold storage previously being a major issue for the organisation. The Syracuse-based warehouse can now accept big consignments of USDA (United States Department of Agriculture commodities) donations, including frozen … Read More

Five Elms Boosts Holdings With Smart Warehousing Scheme

A Kansas City based firm, Five Elms Capital, recently purchased a stake in a Smart Warehousing scheme that will give the organisation the potential to pursue regional procurements in various ventures across the country.

Smart Warehousing made this announcement last week, but executives chose not to mention the specific amount of money invested. Already controlling an area of over 1.7 million square feet of warehouse area in Hawaii, California, Washington, Pennsylvania, Florida, Arkansas, Missouri and Kansas itself, this new tranche of investment will see them planning on expanding warehouse operations into Idaho, Texas, Utah and Nevada in an effort to … Read More

New Warehouse Complex Opens in Dubai

A specialist construction firm based in the Middle East which is also involved in the distribution of building materials has recently announced the launch of its new state of the art Dhs40m warehouse facility in Dubai’s Jafza South.

Burj Khalifha
Creative Commons License photo credit: Stinkie Pinkie

 

This new 550,000 square foot warehousing unit has been created with the express intention of continuing the company’s push to satisfy the region’s ever increasing business. This new warehouse project is part of a recent expansion initiative by the company to help satisfy the continued demand for high quality building materials.

This expansion has also seen the … Read More

East Lancs Warehouse Firm Enters Administration

A warehousing and distribution firm based in Darwen, East Lancashire has gone into administration resulting in a total of 60 redundancies.

The warehousing company, which in 2010 enjoyed a turnover of £5.6 million, has been forced to close its doors, with assets being sold off in an attempt to retrieve funds in order to appease its creditors.

Paul Flint, an associate partner at KPMG, which is in charge of the administration proceedings, claimed that the company’s dependence on achieving larger than average contracts was in direct correlation with the decline of the business.

Having served consumers in the North West … Read More

India Warehousing Giant Receives Cash Boost

India’s Continental Warehousing Corporation is reportedly in line to receive $100 million of finance from the Warbus Pincus private equity fund, which has already pumped more than $2.2 billion into companies in the subcontinent over the past decade.

Continental Warehousing is based in Chennai and is part of the NDR group, one of the largest warehouse operators in India, whicn controls an estimated 100,000 square metres of warehouse floor space.

This financial injection will give Continental Warehousing the means by which to further cement its position as one of the strongest end-to-end logistics solutions providers in India, controlling a number … Read More

UK Warehouse Association Launches Irish Arm

The United Kingdom Warehousing Association, or UKWA for short, have just made public their creation of the AIWA, the newly formed All Ireland Warehousing Association.

Much like the UKWA, the AIWA is open to businesses who control their own warehousing and distribution operations, but with the main focus resting on the accommodation of all companies in the Republic Of Ireland and Northern Ireland that provide logistical support services and warehousing to the demand of the supply chain.

With offices operating out of County Mayo, this new Irish venture will be linked directly with the United Kingdom Warehousing Association.

In the … Read More

Developers Neglecting Warehousing

Warehouse No 1
Creative Commons License photo credit: corinne.schwarz

A recent report warned businesses of a potential shortage of warehouse space throughout Britain in 2011 due to a dearth of development.

Property consultants Lambert Smith Hampton’s (LSH) National Industrial and Distribution report said that in 2010 there was an 18.5 per cent increase in the amount of warehousing space in the UK compared to the previous year.

However, this warehouse space was swiftly snapped up by canny businesses and since then, there has been a lack of warehouse development in sought-after locations, such as East Anglia, the East Midlands, Greater London and the South-east, warned LSH … Read More

Warehousing Transport Firm Enters Administration

A transport firm which specialised in helping firms with their removals and warehousing has gone into administration, it was reported this week.

Lancashire-based Whittle Movers Limited has a fleet of 64 removal vehicles and 75 trailers, and has significant experience in warehousing matters.

It went into administration following a catastrophic drop in the volume of business and severe cash flow problems on 8 March, with 27 of its 33-strong workforce being made immediately redundant. The problem lay in a sharp reduction in orders from a major client, making the cash flow difficulties worse, according to Paul Flint and Brian Green … Read More

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