Logiventures has invested in eight acres of land, near the Magam Ruhunupura Mahinda Rajapaksa Port in Hambantota, Sri Lanka, to support its vehicle transit facility, which opened there in June 2012.
The expansion of the logistics company, a subsidiary of the Hayleys Group, will allow it to offer vehicle importers a range of services, from pre-dispatch inspection to closed storage, in addition to transportation solutions, Logiventures said in a written statement.
“Over the past 11 months, Logiventures has accounted for a dominant 70 percent share of the new vehicles cleared at the Hambantota Port, and we believe an expansion of our infrastructure is warranted,” said Janitha Jayanetti, Logiventures’ director.
He added that the company’s existing yard of 3.5 acres, within 1 kilometer (about 0.6 miles) of the Hambantota port, is “adequately” supported by Logiventures’ car carrier fleet. The company operates two more automotive facilities in Colombo, Sri Lanka, of 4.5 acres for two vehicle importers.