J&T Express, an Indonesia-based logistics firm, has acquired a 30-acre parcel of land in Malaysia for 600 million ringgit (US$136.4 million).

Photo credit: J&T

The land is located in Bandar Rimbayu, a township around 30 kilometers away from Port Klang, the main gateway by sea into Malaysia. It will be used to build an integrated logistics center for express distribution, logistics, transportation, and warehousing to meet J&T Express’ business needs in the country.

Roy Zeng, CEO of J&T Express Malaysia, called Bandar Rimbayu “the golden triangle of Selangor,” believing in the future development potential of the area.

“The new facility will be fitted with our advanced technology, which enables us to better tap on our existing networks to meet the growing demands of the burgeoning ecommerce industry in Southeast Asia,” said Charles Hou, group vice president of J&T Express.

See also: The keys to J&T Express’ rapid global expansion.

Founded in 2015, J&T Express now has localized express networks in 12 countries: China, Indonesia, Vietnam, Malaysia, Thailand, the Philippines, Cambodia, Singapore, Saudi Arabia, the United Arab Emirates, Mexico, and Brazil. The firm serves over 2 billion people.

Currency converted from Malaysian ringgit to US dollar: US$1 = 4.40 ringgit.