TPG to provide value-added services to Isuzu
TPG N.V., through its division TNT Logistics in Thailand, has been awarded a 5 year-contract by Isuzu Motors to provide value-added services such as Complete Knock Down operations and exports of parts and components from Thailand to Isuzu facilities around the world. The contract, which has a total value of 40 million Euros, is the largest automotive logistics contract ever awarded to a third-party logistics provider in Thailand.
TNT Logistics will pack car parts in standardised formats and ship them in cases and sea containers to the Philippines, Malaysia, South Africa, Kenya, Egypt, Tunisia, Columbia, Ecuador and Chile, where the parts will be used for local assembly.
For the contract TNT Logistics will handle packaging design, procurement, scheduling, quality inspection, production control, containerisation and transport management. A 35,000 square metre warehouse facility in Chachoengsao will act as the gateway for the whole operation and will be the collection point for over 170 parts suppliers. TNT Logistics expects to handle over 35 forty-feet containers per day and over 2.2 million packages per year. Over 300 TNT Logistics employees will be involved in the contract.
TNT Logistics is the global leader in automotive logistics, providing specialist sector expertise and skills and serving the main car and tyre manufacturers world-wide.
