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Kingston Terminals said it plans to invest $100 million over the next five years.
KWL chief executive Mark Williams said the company is planning an expansion with more berths.
“Given the importance and continued growth of our automotive business, we need to look at building a multi-storey car park. We will do that. Hopefully we will break ground sometime this year on building that multi-storey car park. As I said, we move over 470,000 vehicles to Australia, New Zealand. We talked about the development of Bay 7. We hope to move again in the next five years to develop Bay 6,” he said.
Mr Williams disclosed that the company also hopes to expand by establishing a warehouse and logistics facility in western Jamaica.
“We’re looking to replicate our facility in Kingston. So your facility will facilitate LTL, FTL, and personal effects shipping, but also provide 3PL type service opportunities — third-party logistics. So we’ll pick, we’ll park. So you’ll break down shipments in units of 100; you can label them; you can fulfill them in some way, form; you can hold inventory; you can manage inventory, et cetera,” he explained.
Mr Williams spoke at the company’s annual general meeting this week.
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