Singamas production to soar with new Indonesian factory
SINGAMAS Container Holdings' production capacity will increase to 80,000 20-foot equivalent units (TEUs) next year when its Indonesian factory becomes fully operational, managing director David Wong said after the company's recent annual general meeting.
He said testing of the first prototype manufactured by the factory was scheduled for next month, with production beginning in August.
The factory, located in Surabaya, was designed to manufacture 1,000 TEUs per month, which should be achieved by early next year, he said.
''Demand for containers in Surabaya is strong and full capacity sales are anticipated.'' He said order books for its factories in China were full for this year, with production expected to exceed 60,000 containers.
Mr Wong said the company would continue to expand its container depot business in Hong Kong and China.
By the end of next year, the group's container depots in Hong Kong and the mainland combined are targeted to cover about three million square feet with a storage capacity of 50,000 units.
This will make the group one of the largest container depot operators in the world.
The Qingdao container depot, which is scheduled to commence operations from August, will be able to store 6,000 TEUs.
Some large container leasing companies have already signed up to use the facility.
Mr Wong said a technology agreement with Morteo Industrie of Italy to build environmentally-friendly containers had been finalised.
The first group of Singamas engineers will leave for training in Italy next month.
Also, the company plans to start production of refrigerated containers in July next year.