ENTH

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TTA and GAC set up “GACTL” A 10,000 square meter warehouse to be built for its Logistics Business

Back Nov 01, 2006

          M.R. Chandram S. Chandratat, Chairman (seated right), M.L. Chandchutha Chandratat, Managing Director of Thoresen Thai Agencies Plc (TTA) (standing third form right) Mr. Lars Safverstrom, Group President of Gulf Agency Company Limited (seated left), Liechtenstein signed a Shareholders Agreement to establish a new subsidiary, GAC Thoresen Logistics Ltd. (GACTL). TTA will invest Baht 38.25 million in GACTL. GACTL plans to build a 10,000 square meter warehouse on 18 rais of land in Amata Nakorn Industrial Estate. GACTL is part of the GAC Group which has over 200 offices around the world. The GAC Group is a fully integrated service provider to the shipping, marine, and logistics markets. In terms of logistics, the GAC Group offers a full range of services from air and marine freight forwarding to ground based storage and distribution.