In May 2010, local enterprise CWT officially opened the CWT Commodity Hub in Singapore to provide more integrated logistics and regional distribution hub services for Asia Pacific. The 2.3-million-square-foot warehouse complex, one of the largest in Southeast Asia and a licensed warehouse for the London Metal Exchange, is located near port terminals along Penjuru Road.

With warehouse floor space as large as up to 450,000 square feet, it can cater to companies looking to consolidate their logistics activities within Singapore and to global MNCs using Singapore as a hub for their Asian operations, such as Borouge, a leading provider of innovative plastic solutions.

"Singapore is an ideal location for a logistics hub facility due to its proximity to key regional markets, solid business infrastructure and strong government support. With a growing trend of companies establishing their supply chain network in Asia, we expect more supply chain logistics to flow through Singapore in the next few years," said Loi Pok Yen, Group CEO, CWT Limited.

CWT continues to innovate and deliver best-in-class logistics solutions to worldwide customers with more than 8.5 million square feet of warehouse space worldwide, and will add another 10 per cent by 2011.