SPH opens new warehouse (ST)
This will enable the company to stock newsprint in a more optimal way, which will lead to cost savings.
MEDIA giant Singapore Press Holdings opened a new warehouse at its print centre in Jurong on Wednesday morning, enabling it to stock newsprint in a more optimal way and bringing cost savings to the company.
Situated within the premises of South-east Asia's largest single printing site, the $5.5 million facility was officially unveiled by SPH chief executive Alan Chan at a ceremony there.
Said Mr Chan: 'Newspapers are the core of SPH's business. At a time when companies are cutting back on investments, SPH is positioning itself for the future.'
With this latest addition, SPH Print Centre now has three warehouses with a total storage capacity of 36,000 tons of newsprint, or about four months of supply.
Mr Chan added: 'Before today, SPH had to incur additional rental, transportation and handling costs for external storage space to complement our existing warehouses.'
The new facility will eliminate the need for external space, thus resulting in cost savings of about $80,000 a month from rent and transport, said Mr Lim Swee Yeow, SPH assistant vice president of production.
The new warehouse is also designed with the environment in mind. The eco-friendly set-up allows as much natural lighting and ventilation to flow in, thus removing the need for conventional mechanical ventilation ducts.
'These eco-friendly features will reap us cost savings in terms of electricity usage and maintenance,' said Mr Chan.