Zhejiang Semir Garment plans to spend 250 million yuan to build a warehouse and logistics center in Wuqing district, Tianjin, to provide sales, logistics, and settlement services for its north China business, reports Yicai, citing a company filing.
According to the filing, the garment producer will set up a wholly-controlled subsidiary in Tianjin to operate the center, which will cover an area of 185 mu (one mu = 666.67 square meters), with construction area of 65,000 square meters.
The center will allow Semir Garment to improve logistics efficiency and lower operating cost, said the company in the filing.
Zhejiang Semir Garment plans to spend 250 million yuan to build a warehouse and logistics center in Wuqing district, Tianjin, to provide sales, logistics, and settlement services for its north China business, reports Yicai, citing a company filing.
