JLG Capital and KCMY sign MoU to explore cold-chain logistics projects
The companies will assess potential joint ventures covering investment, development, ownership and operation of logistics facilities in Malaysia.
JLG Capital Sdn Bhd and Kasumigaseki Capital (Malaysia) Sdn Bhd (KCMY) have signed a memorandum of understanding to assess opportunities for automated logistics and advanced cold-chain infrastructure in Malaysia, according to a statement dated Oct 1.
The proposed collaboration involves evaluating potential joint ventures to invest in, develop, own and operate cold logistics facilities. Warehouse types under consideration include chilled and frozen storage, as well as ambient-temperature and temperature-controlled facilities.
JLG Capital, which is wholly owned by JLand Group (JLG), will provide the local development platform. Its responsibilities include supplying land, facilitating financing, coordinating stakeholders and providing market access. The agreement also allows for potential use of strategic platforms such as the Johor–Singapore Special Economic Zone.
KCMY will contribute expertise in leasing, planning, operational management and development, together with its international partner network. It is wholly owned by Tokyo-listed Kasumigaseki Capital Co Ltd.
JLG group managing director Datuk Akmal Ahmad said the collaboration would examine how advanced cold-chain facilities could meet changing industrial needs and improve operational performance. The statement described the initiative as aligned with the New Industrial Master Plan 2030 (NIMP 2030), supporting technology adoption and higher-value industrial activities.
