Three years on from opening its ‘Red Lion’ facility in Singapore, then DB Schenker’s largest global investment, the transportation and logistics provider has broken ground for a second facility, expected to be completed in the first half of 2025.
Red Lion 2 will have a skybridge to connect to the existing adjacent facility at the Tampines LogisPark, adding to its current 16 locations and almost 400,000 square metres of operational space throughout Singapore.
The company is set to invest more than €100 million in the project, surpassing its previous record investment.
“Red Lion 2 is testament of our commitment to Singapore and the Asia Pacific region,” said the CEO for Asia Pacific, Dr Niklas Wilmking.
“As part of our ever-growing logistics ecosystem, it serves as a vital, sustainable, and strategic hub for our customers and our global network. We invest with clear intent to not only build resilience and scalability for our customers supply chains, but also to drive digitalisation, sustainability and network agility with ground-breaking and cutting-edge initiatives for the industry.”
Earlier this year, DB Schenker announces its first foray into the battery metals mining industry.
