Toll Group opens $300 million Singapore supply base

Centre's completion marks an important milestone in Toll Group's government partnerships.

Justin Loiseau

Justin Loiseau hails from the great united state of North Carolina, where he started his first business at the ripe age of five: melting crayons into candles. With the infamous Crayola Crash of 1994, Justin moved on to study economics and environmental studies as a Morehead-Cain Scholar at the University of North Carolina. He has worked in a variety of sectors across the globe, from management consulting to the United Nations, and once spent three months examining invasive snails in Vietnam. Justin discovered The Motley Fool in 2012 and it’s been love ever since. Creativity, contrarianism, kerfuffling… what more could one want? When he’s not playing the Fool, you can find Justin at the University of Auckland, where he is pursuing a Masters in Economics as a Rotary Ambassadorial Scholar. Justin finds biogas digesters fascinating and can unicycle a mile in seven minutes.

Published May 18, 2013 8:07 am AEST

Logistics and transportation company Toll Group (ASX: TOL) announced today the official opening of its $300 million offshore petroleum supply base in Loyang, Singapore.

The site was first acquired by Toll Group in 2006, and received regulatory approval for major development in 2008. The company has been busy over the last five years, redeveloping its facilities into a world-class supply centre for marine and offshore oil and gas companies in Southeast Asia.

"The 32 hectare site is actually 40 per cent smaller than the previous facility, and part of our S$300 million investment was put towards maximising the use of land to achieve this," said Managing Director Brian Kruger today. "In addition, [the facility]'s proximity to Changi Airport makes it an excellent interface between air, land and sea for our customers. As a result we can now offer a broad range of services that capitalises on our expertise as the leading provider of integrated logistics in the Asia Pacific region."

In addition to its direct profit potential, the centre's completion marks an important milestone in Toll Group's government partnerships. "This redevelopment demonstrates the strong partnership between industry and the government to develop innovative solutions that encourages operational efficiency," noted Singapore Economic Development Board Executive Director Lim Kok Kiang.

The facility will operate 24 hours a day, seven days a week, and is capable of simultaneously serving 11 large vessels at once. Most recent reports indicate that over 130 corporations currently use Toll Group's new supply base.

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