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LEO Invests THB 160 Million to Launch “LEO COLDBOTIC” — Thailand’s First Smart Temperature-Controlled Logistics Center. Expands Non-Freight Business to Drive Revenue Growth

LEO Global Logistics Public Company Limited (LEO) has announced a THB 160 million investment in the launch of “LEO COLDBOTIC” — Thailand’s first automatic temperature-controlled logistics center specifically designed for wine storage. This state-of-the-art facility is also a Bonded Warehouse approved by the Board of Investment (BOI) under the category of a modern distribution center. With cutting-edge automation and technology, the facility features an exclusive Wine Tasting Area targeting wine lovers. CEO Mr. Kettivit Sittisoontornwong is confident this venture will expand LEO’s Non-Freight and Non-Logistics businesses, contributing to higher revenue through its advanced warehousing and distribution services, with strong performance expected throughout 2024.

Mr. Kettivit Sittisoontornwong, Chief Executive Officer of LEO Global Logistics PCL, revealed that “LEO COLDBOTIC” is Thailand’s first temperature-controlled warehouse equipped with smart automation and robotic systems designed for wine storage. Located at Sahathai Terminal on Pu Chao Saming Phrai Road in Phra Pradaeng, Samut Prakan, the facility represents a THB 160 million investment. It is officially designated as a Bonded Warehouse by the Customs Department, providing clients with full customs duty benefits. Moreover, as a Bonded Cold Chain Logistics Center, it boasts a strategic location close to Bangkok’s commercial hub.

“LEO COLDBOTIC offers comprehensive warehouse and logistics center services featuring a smart, computer-controlled temperature system and 4-way shuttle robotic automation — the first of its kind in Thailand for wine and spirits storage. The warehouse maintains temperatures between 15–18°C and can store over 1.2 million bottles. It also supports End-to-End Global Logistics solutions, ideal for importers, supermarkets, hotels, and restaurants. The project has received BOI privileges as a modern distribution center (DC),” he added.

One of the highlights of LEO COLDBOTIC is its Wine Tasting Room, specially designed for clients storing their wine at the facility. The space allows customers to enjoy wine tasting in a luxurious setting, with additional meeting rooms available for business discussions.

In Q3/2024, LEO and its subsidiaries reported total revenue of THB 513.5 million — a 38% increase (THB 141.1 million) from Q2/2024, and a 58% increase (THB 187.6 million) compared to Q3/2023. For the first nine months of 2024, revenue rose by THB 225.1 million or 22% year-on-year.

“The company is confident that from Q4/2024 onwards, we will see further growth in both revenue and gross profit, driven by new business units such as the Self-Storage and Wine Storage project on Rama 4 Road. Revenue from Self-Storage services grew significantly in Q3/2024 — up 98% compared to Q3/2023 and 68% year-on-year over the first nine months. Other strategic initiatives include cross-border rail transport to China and Laos through LaneXang Express, domestic rail services by Sritrang Leo Multimodal Logistics, warehouse and distribution services via Advantis Leo, and durian export to China by LEO Sourcing & Supply Chain. These ventures are expected to contribute substantial revenue growth, aligning with our strategic goal to increase the share of Non-Freight and Non-Logistics businesses to 30–35% of total revenue within the next 1–2 years,” Mr. Kettivit concluded.