Japan's GLP to build logistics hub on former JFE blast furnace site in Kawasaki with cold storage facilities, investing 300 billion yen

時事通信··JP·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

GLP Japan, a major logistics facility developer, announced on the 25th that it will develop 11 logistics facilities with freezing and refrigeration functions on the former blast furnace site of JFE Steel's East Japan Works in the Keihin area of Kawasaki City. The total investment will exceed 300 billion yen, consolidating facilities in a bayside area close to the city center and building a high-function food logistics network in the Tokyo metropolitan area.

Impact on assets 1

Critical Materials & Supply Chain▲ · 1 stocks
JFE Holdings, Inc.
5411
▲ PositiveDemandrelevance

JFE's former blast furnace site is repurposed for logistics, indicating land value and potential future demand for steel in construction.

Off-coverage companies 1

GLP JapanPrivate▲ Positive
Capitalrelevance

GLP Japan announces a 300 billion yen investment to develop logistics facilities, a major capital expenditure.

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