TNT adds to Singapore life sciences market
TNT, a leading provider of global express services, today announced the official opening of its life sciences focused regional distribution centre (RDC) in Singapore.
The TAPA ‘A’ and Good Distribution Practice certified facility, which spans 65,500 square feet, was built at an investment of more than USD 5.2 million.
The establishment of the facility is expected to boost the company’s market leading position in Singapore where it currently dominates over 60 percent of the outsourced R&D logistics for the life science industry.
Lim Siong Guan, chairman of the Economic Development Board, called the investment a “significant milestone” for Singapore’s logistics and biomedical sciences industries and a re-affirmation of Singapore’s position as an air express and global logistics hub.
