New green warehouse a big boost for SPH (BT)
By Nisha Ramchandani
SINGAPORE Press Holdings (SPH) expects to enjoy significant savings from its new $5.5 million eco-friendly warehouse.
'At a time when companies are cutting back on investments, SPH is positioning itself for the future,' CEO Alan Chan said at the official opening yesterday.
According to SPH's assistant vice-president of engineering (production department) Lim Swee Yeow, about $80,000 a month will be saved on rent and transport, as SPH will no longer need external storage to complement its two other warehouses.
The company will also save $5,000 a month on electricity and maintenance charges, as the new warehouse is designed to allow maximum natural lighting and ventilation.
The addition of the third warehouse will boost newsprint storage capacity to 36,000 tonnes - about four months' supply - at the SPH Print Centre.
This will give SPH greater flexibility when buying newsprint, the price of which can fluctuate dramatically. It now costs around US$500 a tonne, down about 40 per cent since the third quarter of last year.
'Newspapers are the core of SPH's business,' said Mr Chan. 'Over the years, we have consistently improved our suite of newspapers, launched new ones and invested in printing capabilities.'
With eight press-lines, the SPH Print Centre in Jurong Port Road is the largest single printing site in South-east Asia.