The latest venture in Vietnam strengthens PSA's network in the region and is in line with its aspiration to be a global supply chain orchestrator and enabler of sustainable trade, says PSA group CEO Tan Chong Meng.
PSA International has acquired a strategic minority stake in SOTRANS Group (STG) from Indo-Trans Logistics(ITL) through its fully-owned subsidiary, PSA Cargo Solutions Vietnam Investments.
Established in 1975, STG is a logistics provider in Vietnam. It has three main pillars of business, each held by a subsidiary company. The pillars are inland container depots and barging; freight forwarding and contract logistics; as well as transportation of heavy lift and project cargo. The partnership between PSA and ITL leverages STG’s strong presence in Vietnam with its local expertise.
