CWT LIMITED

CWT LIMITED

Previous company name
CWT DISTRIBUTION LIMITED
Name change date
6/20/2006
Company Overview
CWT Limited, formerly known as CWT Distribution Limited, is a publicly quoted company engaged in the provision of warehousing, logistics, and transportation services, port and container freight station services, engineering services, and container depot operations. The company was incorporated in 1970 under the name of Container Warehousing and Transportation (Pte) Ltd. It has its registered head office located in Singapore, Singapore.
CWT is among the best logistics service providers in Asia for consistency in service quality, innovation, customer relationship and reliability. The company’s main activities include warehousing and logistics services, transportation services, import and export cargo consolidation and freight forwarding services. It operates in two business segments: logistics services and engineering services. Logistics services includes warehousing, transportation, freight forwarding and container depot operations. Engineering services includes maintenance and repairs of vehicles and buildings, and surface preparation of metal materials for corrosion control. Other services include project management services. CWT operates in Singapore, Australia, China, Hong Kong, India, Korea, Malaysia, Pakistan, Egypt, Spain, the Netherlands, Sri Lanka, Thailand, and Middle East. The company’s global freight forwarding network and advance systems connect customers to 120 ports and 1,200 destinations around the world.
CWT is listed on the Singapore Exchange Securities Trading under the ticker symbol CWTD.
Business Summary
CWT Distribution Ltd provides warehousing, logistics, and transportation services, port and container freight station services, engineering services, and container depot operations.
Description and history
CWT DISTRIBUTION LIMITED (CWT) was incorporated in Singapore on 25 June 1970 to provide a strategic service – to support the development of the nation’s containerisation thrust as it strives towards becoming a world-class port. Their mission is to build up Singapore’s expertise and infrastructure for land-based container operations, and to lay the ground for PSA’s mega-container terminal operations.

With a modest capital of $1 million and a staff strength of less than 10, they began as one of Singapore’s first container depot operators and trucking companies – providing basic warehousing and transportation facilities for the trading and manufacturing sectors.

It was the first logistics company to be listed on the main board of the Singapore Exchange in 1993. CWT’s major shareholders are PSA Corporation and Jurong Port.

Since then, they have progressed steadily. Today, the CWT Group has numerous subsidiaries and associated companies, and a strong global agency network to meet its customers’ distribution needs. Coupled with strategic link-ups and networking with port authorities, shipping lines and sea freight companies worldwide, CWT provides a comprehensive logistics service.

With strong financials and a staff of experienced and dedicated logistics professionals, CWT is well-positioned to take advantage of Singapore’s development as a global logistics hub and to achieve their vision of becoming a leading total logistics service provider in the region.

History

1970: Incorporated in Singapore on 25 June as a private limited company under the name of Container Warehousing and Transportation (Pte) Ltd.

1990: Commisioned CWT Distripark,one of the region’s most sophisticated warehousing and distribution centres; Changed corporate name to CWT Distribution, also adopted a new logo to better reflect their role in the logistics industry; Incorporated a joint-venture company, Batamindo Shipping and Warehousing Pte Ltd to support the growing demand for transportation services between Singapore and Batam.

1993: Listed on the Stock Exchange of Singapore main board on 12 February; Formed Fuzhou Harbour CWT Co Ltd, a joint venture with Fuzhou Harbour Administration Bureau to provide logistics services in Fuzhou; Opened second warehouse complex, Jurong Districentre Pte Ltd to take advantage of growing port and logistics activities in Singapore and the region.

1994: Formed Jurong Inspection Centre Pte Ltd and Invo-Tech Engineering Pte Ltd with CIAS Enterprises to provide vehicle inspection and maintenance services respectively.

1995: Formed Sical-CWT Distriparks Ltd, a joint venture with SICAL Group and HSBC Private Equity Management Mauritius Ltd to develop a modern distripark in Madras; Awarded the prestigious ISO 9002 certification by SISIR and British Standards Institution for its warehousing services, container depot services, and engineering services in surface preparation for metal materiels and equipment maintenance.

1996: Invo-Tech Service Centre, a modern vehicle workshop was set up by CWT’s subsidiary, Invo-Tech Engineering Pte LTd; CWT acquired 51% equity stakes in a local freight forwarding group, Globelink Forwarders Pte Ltd and its subsidiaries. The aquired company is named CWT Globelink Pte Ltd; Extension of ISO 9002 certification to their container freight station. freight forwarding, sea freight, and third party logistics services.

1997: Incorporated CCWT-SML Logistics LLC in Dubai in providing warehousing facilities, forwarding and distribution services in the Middle East; CWT Distripark (HQ), 70,000 sqm mega warehouse with and office block was comissioned on 22 October.

Formerly known as CWT Distribution Limited; Incorporated under the name of Container Warehousing and Transportation (Pte) Ltd.

Business Line
Engaged in the provision of warehousing, logistics, and transportation services, port and container freight station services, engineering services, and container depot operations
Subsidiary
CACHE LOGISTICS TRUST
Advisor
KPMG LLP
IPO date
4/12/1993
US SIC Code
4225
Company Address
CWT Logistics Hub 1
38, Tanjong Penjuru
City province or state postal code
609039, SINGAPORE
Phone: +65 6262 6888
Fax: +65 6264 0790
Country address: SINGAPORE
Website url: www.cwt.com.sg

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