Rendering of Ungdong Distripark Part 2 at Busan New Port (Busan Port Authority)
Automotive logistics supplier Hyundai Glovis is about to construct a large-scale logistics advanced at Busan New Port, one of many busiest container ports globally. The power, focused for completion by 2027, will assist South Korea’s rising commerce demand, the corporate stated.
Hyundai Glovis stated Wednesday it had signed a land buy settlement for almost 95,000 sq. meters — about 13 soccer fields — within the Ungdong Distripark Part 2, a newly developed space inside Busan New Port particularly designated for logistics operations. This facility, positioned in a port that manages over 76 p.c of Korea’s containerized cargo, will function a large container yard and a high-tech logistics middle, enabling Hyundai Glovis to course of, retailer and transport items extra effectively.
Busan New Port is a vital hub, shifting round 20 million containers annually. Hyundai Glovis’ new container yard, positioned near the port’s terminal, will permit the corporate to retailer a major quantity of containers on-site, lowering delays and streamlining the import and export course of.
By having its personal devoted area on the port, the corporate can even be higher ready to deal with sudden will increase in demand or sudden logistical challenges, which have turn out to be extra widespread in recent times as a consequence of world provide chain disruptions.
The deliberate logistics middle will present end-to-end providers for imported items, together with unloading, inspection and safe storage — identified within the trade as “devanning.” By managing these steps in a single place, Hyundai Glovis can provide sooner, extra handy providers to its clients, tailoring storage and dealing with choices for several types of cargo, together with temperature-sensitive gadgets.
“This new hub at Busan New Port will assist us improve our maritime logistics providers at Korea’s busiest commerce gateway,” a Hyundai Glovis official stated. “With the upcoming Jinhae New Port close by, this location additionally provides nice potential for future enlargement.”
Rendering of Hyundai Glovis’ World Distribution Middle to be constructed at Incheon Worldwide Airport by 2025 (Hyundai Glovis)
The corporate can be constructing a five-story logistics middle at Incheon Airport, slated to open in 2025. Spanning 44,420 sq. meters, the Incheon middle will function an automatic sorting system and its personal customs clearance amenities to assist Hyundai Glovis’ rising e-commerce logistics enterprise.
The Incheon middle is positioned inside a free commerce zone, permitting Hyundai Glovis to supply specialised logistics providers for high-tech industries like semiconductors and medical gadgets.
Hyundai Glovis, which has historically centered on delivery auto components for its mother or father firm Hyundai Motor Group, is actively increasing into new sectors. It plans to deal with a greater variety of products, together with electrical car batteries and refrigerated merchandise, which require particular storage circumstances.
The corporate additionally goals to extend income from nonaffiliated purchasers — from 20 p.c as we speak to over 60 p.c by 2030. To assist this shift, Hyundai Glovis is exploring alternatives to ascertain logistics bases in main markets like North America and Europe, the place demand for world provide chain providers is excessive.
