Marvion Inc. Subsidiary Signs Agreement with Engineering Firm for Construction of New State-of-the-Art Warehouse Facility
Rhea-AI Summary
Marvion Inc. (OTC: MVNC) announced that its subsidiary United Warehouse Management has signed an agreement with Star Warehouse Engineering to construct a new warehouse facility. The facility will feature two floors totaling 36,000 square feet and will be equipped with modern automated systems and AI technology. Construction is scheduled to begin in Q4 2024 with completion expected by end of Q2 2025. The warehouse will enhance MVNC's storage capabilities and support partnerships with FedEx and SF Express. The facility will incorporate energy-efficient features and aims to optimize logistics operations while promoting sustainable business practices.
Positive
- Strategic expansion with 36,000 sq ft new warehouse facility
- Implementation of advanced automation and AI technology
- Partnerships with major logistics companies (FedEx, SF Express)
- Expected operational synergies and revenue growth potential
Negative
- Significant capital expenditure required for construction
- Extended timeline (7-8 months) before operational benefits materialize
The new warehouse will feature two floors, each spanning 18,000 square feet, for a total floor area of 36,000 square feet. This expansion is set to enhance MVNC's storage capabilities, streamline supply chain efficiency, and optimize logistics operations to better serve its expanding customer base.
Strategic Infrastructure Investment to Drive Long-Term Growth
This significant investment marks a crucial step in MVNC's long-term strategic plan to solidify its position as a leader in the logistics and storage services sector. The new warehouse will not only bolster the company's existing storage capacity but also enable the integration of advanced logistics and storage technologies. The facility will be equipped with modern automated systems with artificial intelligence engine to support high-volume inventory management and faster turnaround times, further strengthening MVNC's competitive advantage in the region.
Commenting on this milestone, Mr. Chan Sze Yu, CEO of Marvion Inc., said:
"This new warehouse is a testament to our commitment to expanding our infrastructure to meet the ever-growing demand in the logistics industry. By investing in this state-of-the-art facility, we are positioning Marvion to better serve our clients and seize emerging opportunities in the market. This project will not only enhance our operational efficiency but also increase our capacity to support strategic partners like FedEx, SF Express, and other key clients."
Supporting Sustainable Growth in the
Aligned with MVNC's sustainability goals, the new facility will incorporate environmentally friendly design elements, such as energy-efficient lighting systems and optimized insulation to reduce energy consumption. These initiatives underscore MVNC's dedication to promoting sustainable business practices while driving growth.
The construction is scheduled to begin in Q4 2024, with completion expected by the end Q2 2025. The new facility is projected to generate significant operational synergies, contributing to the company's continued revenue growth and profitability.
About Marvion Inc.
Marvion Inc. (OTC: MVNC) is a leading logistics and warehousing solutions provider based in
Company Website: www.unitedksk.com
View original content:https://www.prnewswire.com/news-releases/marvion-inc-subsidiary-signs-agreement-with-engineering-firm-for-construction-of-new-state-of-the-art-warehouse-facility-302305403.html
SOURCE Marvion Inc.
FAQ
When will Marvion Inc. (MVNC) complete its new warehouse construction?
How large is MVNC's new warehouse facility?
What technology features will MVNC's new warehouse include?
Which major logistics partners will MVNC's new warehouse support?
