Singapore Post Invests SG$30 Million to Triple E-Commerce Parcel Sorting Capacity

MT Newswires

03-14

Singapore Post (SGX:S08) announced a SG$30 million investment in its regional e-commerce logistics hub facility, LogHub, to increase its parcel processing capabilities, according to a Thursday filing with the Singapore Exchange.

The capital injection will be used to install new sorting equipment designed to revolutionize the hub's operational efficiency.

Notably, the new technology will enable LogHub to process up to 300,000 small parcels per day, a threefold increase from its current capacity of 100,000 parcels.

The investment will be utilized to install new sorting equipment, which will take small parcels sorting to up to 300,000 small parcels per day, compared to 100,000 currently.

The investment is the first major renovation of the LogHub which was launched in back in 2016.

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