Eneco Energy’s logistics unit bags contract to transport Heineken, Tiger in SG

The contract will last three years.

RichLand Logistics Services Pte Ltd, a wholly-owned subsidiary of Eneco Energy Limited, will be responsible for the domestic bulk transportation of APB’s beverage well-known brands, Heineken and Tiger, in Singapore. 

In a bourse filing, Eneco Energy said the contract which RichLand Logistics signed with APC entails “daily stock replenishments ‘fresh from the oven’ to APB’s distributors island-wide, including key operating hubs.”

The parties have the option to extend the three-year contract by two years. 

“The successful signing of the contract has allowed us to forge a solid strategic partnership with APB and will enable both companies to utilise their respective resources to create and add value to their existing supply chain services. This will further strengthen our presence in Singapore as a leading logistics solutions provider,” Gwee Chee Kiang, Group CEO of Eneco Energy, said.

Meanwhile, Eneco Energy said the new contract will not have a material impact on the consolidated net tangible assets per share and earnings per share of the group for the financial year ending 31 December 2023.