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On August 14, 2023, the Singapore Economic Development Board (EDB) announced that German logistics firm DB Schenker will open a new zero-emissions logistics hub in Tampines, which is slated to be completed by the first half of 2025.
The 600,000 sq ft facility – called RedLion2 – is designed to house the latest advanced automation solutions such as intelligent conveyor systems, automated storage and retrieval systems, and autonomous guided vehicles. It also aims to support the semiconductor and healthcare industries with logistics solutions.
According to the company, RedLion2 is part of its plan to hire more than 600 people in Singapore over the next seven years in roles such as process automation, data analytics and digital transformation.
DB Schenker said it will invest more than €100 million (S$148 million) in RedLion2, but declined to reveal an exact figure.
FOZL Group provides one-stop corporate services to local and overseas companies, currently serving over 1,000 companies in Singapore. FOZL assist clients to register Singapore companies, and provide Accounting, Annual Return, Auditing, Tax Declaration, Trademark Registration, applying for Investment Promotion Policies, Corporate Advisory, Private Client Consultancy, establishing Family Offices and providing serviced office solutions for enterprise.
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