GROWTH MARKET: Swire Pacific Cold Storage in China: State-of-Art, World-Class Operations

摘要

The Chinese economy, compared with much of the rest of the financial crisis-stricken world, remains relatively hot. All the more reason for modernization of the national cold chain, as the nation's rising Gross Domestic Product (GDP) and increasing disposable income among consumers translates to greater consumption of convenience products, including frozen and refrigerated foods. Swire Pacific Cold Storage (SPCS), a sister company of United States Cold Storage (USCS), has major plans to expand services far and wide in the PRC. On the go in Guangzhou with a 21,000-pallet-position, 5,000,000-cubic-foot modern coldstore since 2010, it plans to open a new refrigerated warehouse with 50,000 pallet places in the Fengxian district of Shanghai during the first quarter of 2014, and a third one in Langfang, just outside of Beijing, by the middle of 2014.