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New Straits Times - GDEX Sets Aside RM30m In Capex

Dec 07, 2016

New Straits Times - GDEX Sets Aside RM30m In Capex

Dec 07, 2016 New Straits Times 7 Dec 2016

SHAH ALAM: GD Express Carrier (GDEX) has set aside RM30 million in capital expenditure for its financial year ending June 30 next year to improve its operations.

Some areas of improvement include an expansion of its facility in Petaling Jaya to enable it to handle higher business volume.

“We need to have a bigger capacity and delivery resources so that we can absorb the volume from the market, especially the e-commerce players,” said GDEX head of strategic planning and investment Jerry Lee.

Speaking to reporters after the company’s annual general meeting here yesterday, Lee said the exercise, due for completion by the first quarter of next year, will increase its present capacity by up to 50 per cent to handle between 100,000 and 120,000 consignments per day.

Meanwhile, Lee said GDEX was banking on its e-commerce segment to grow its business. The e-commerce segment now accounts for 25 per cent of the company’s revenue.

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