Pasture Holdings Ltd., a global pharmaceuticals and medical supplies distributor, has launched operations at a new office and cold chain warehouse, as announced on April 30.
Located at 2 Corporation Road with a combined floor area of 13,800 sq ft, which is more than twice the size of its previous location, the company has obtained all necessary approvals to operate at the new premises.
In contrast to the old premise, the new office and cold chain warehouse are adjacent to each other. This allows the management team at Pasture Holdings to facilitate efficient communication and decision-making as well as gaining greater control over operational quality.
“We believe this is an opportune moment to transition into a newer and larger facility to support our multi-year growth strategy. The expansion in capacity is crucial to prevent operational bottlenecks in the future,” says Lloyd Soong, Pasture Holdings’ executive chairman and CEO.
“The proximity of both our office and the cold chain warehouse will be beneficial for the group from a quality control perspective and potential cost savings. Stringent monitoring of our cold chain facilities is one of the top priorities given the nature of the products we are handling,” adds Soong.
As at 12.24pm, shares in Pasture Holdings are trading at an unchanged $0.05.
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