'Supply chain reconfiguration is creating major opportunities' - LX Pantos CEO
In an interview published in association with LX Pantos, president and CEO Yong Ho Lee ...
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
South Korean 3PL group LX Pantos said today it planned to build an Eastern European logistics hub in Poland, after acquiring a logistics facility in Katowice.
The $148m purchase was backed by a fund under South Korea’s Ministry of Land, Infrastructure and Transport.
LX Pantos intends to use the facility to service customers, notably those in automotive parts, consumer goods, and home appliances, amid rising logistics demand across Eastern Europe and adjacent markets.
The purchase of the 109,000 sq metre facility was made in partnership with Korea Overseas Infrastructure & Urban Development Corp and the PIS No. 2 Fund, a policy fund under South Korea’s Ministry of Land, Infrastructure and Transport. Financing provided by Korea Ocean Business Corporation.
The complex is being developed and brought into operation in phases, with completion scheduled for the first half of the year. Many global and local companies have already secured leases, establishing a solid base for future operations.
LX Pantos said the investment would boost its presence in the European logistics market and support South Korean companies with localisation efforts and supply chain buildout across the region.
Logistics demand in Europe is expanding, including continued investment by South Korean companies, especially in electric vehicles, batteries, and automotive components.
Poland is one of the EU’s key growth markets, supported by a sizeable workforce and a geographic advantage that links major European corridors, making it a critical pillar of European manufacturing supply chains. In particular, the Silesia region, where Katowice is located, has developed a manufacturing cluster centred on automobiles, electronics, machinery, and chemicals.
LX Pantos CEO Lee Yong-hi said: “Securing the Katowice Logistics Center is strategically significant as it enables us to proactively establish a key node connecting logistics flows across Europe.”
Katowice is widely viewed as a strategic logistics centre, where the east-west corridor connecting Germany, Poland, and Ukraine intersects with the north-south corridor linking Northern and Southern Europe.
And, given its proximity to Ukraine, LX Pantos also expects the hub to function as a forward logistics base to support reconstruction-driven demand once large-scale rebuilding gains momentum.
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