BWI: MOL, Sical Sign MoU for Auto Yard Management JV at Ennore

Press release from Business Wire India
Source: SICAL
Tuesday, August 04, 2009 01:32 PM IST (08:02 AM GMT)
Editors: Business: Advertising, PR & marketing, Automotives, Business services, Transport engineering; Automotive
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MOL, Sical Sign MoU for Auto Yard Management JV at Ennore


Chennai, Tamil Nadu, India, Tuesday, August 04, 2009 -- (Business Wire India) --
-- Proposed JV to combine MOL's global auto transportation, yard management expertise with Sical's integrated logistics competencies.

-- To target India-based automotive exporters/importers.

BSE: 520086
NSE: SICAL
Reuters: SICA.BO
Bloomberg: SIC@IN

Sical Logistics Ltd, India's leading provider of multi-modal integrated solutions for the logistics of bulk and containerized cargo, today announced that it has signed a memorandum of understanding with Japan's Mitsui O.S.K. Lines Ltd. (MOL) to operate the automotives management yard at Ennore Port, near Chennai. MOL is among the world's largest shipping and logistics companies and considered among the leaders in global automotive transportation.

The MoU was signed by Takashi Kurauchi, Managing Executive Officer, Mitsui O.S.K Lines, and LR Sridhar, Managing Director, Sical Logistics, in the presence of S Velumani, Chairman-cum-Managing Director, Ennore Port Ltd.

The yard will manage automotives in CBU (complete built-up unit) form and will cater to automotive exporters/importers based in India.

The proposed JV will combine the expertise of MOL in global automotives transportation and yard management with Sical's competencies in multimodal integrated logistics and terminal operations.

About Sical

Handler of more than 26 million tonnes of bulk cargo and 500,000 TEUs of containerized cargo annually, Sical Logistics Ltd is India's leading provider of integrated solutions for offshore logistics and multimodal bulk and containerized logistics.

Sical provides end-to-end solutions in:

Bulk logistics-stevedoring; port terminals; customs house and shipping agency; trucking; railroad; warehousing.

Container logistics-container terminals; ICD; CFS.

Offshore logistics-platform supply vessel; cutter suction dredger.

Sical's delivery network includes an exclusive walk-in berth at Chennai for ships carrying bulk cargo; a container terminal at Tuticorin; 225,000 square feet of storage across 17 warehouses; owned and regularly contracted fleet of more than 1000 transport vehicles; container freight stations at 3 locations across India; Sical Torino, a deepwater-capable platform supply vessel, and Sical Portofino, a cutter suction dredger.

To view the photograph, click the link below:

Takashi Kurauchi (left), Managing Executive Officer, Mitsui O.S.K Lines, and LR Sridhar (right), Managing Director, Sical Logistics, at the signing of the MoU in the presence of S Velumani, Chairman-cum-Managing Director, Ennore Port Ltd.'

For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/PIC(27).JPG
Takashi Kurauchi (left), Managing Executive Officer, Mitsui O.S.K Lines, and LR Sridhar (right), Managing Director, Sical Logistics, at the signing of the MoU in the presence of S Velumani, Chairman-cum-Managing Director, Ennore Port Ltd.'


CONTACT DETAILS
Dev Chandrasekhar, Ubiquus, +91 9821070043, d.chandrasekhar@ubiquus.com
Richa Tilokani, Sical Logistics, +91 9940164870, richa@sical.com

KEYWORDS
MARKETING, AUTOMOTIVE, BUSINESS SERVICES, TRANSPORT, AUTOMOTIVE, SICAL.BO, SICAL.NS

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