Press release from the issuing company
Città di Castello, Italy – CMC SpA, a KKR Global Impact Fund Portfolio Company and leading manufacturer of automated, right-sized packaging machines for e-fulfilment, announced a new partnership with Southeast Asia's leading distributor of packaging and warehousing solutions Syspex Technologies Pte Ltd.
Established in 1992 and headquartered in Singapore, Syspex is a knowledge-based company that aims to transform the packaging landscape in this diverse and complex region by creating outstanding values for its clients through cutting edge, right-sized automated and fully integrated packaging technology. It currently employs 280 staff and operates 8 facilities in Singapore, Vietnam, Taiwan, Thailand, Malaysia and Indonesia.
The region is among the world’s fastest-growing digital markets. In 2022 e-commerce sales in Southeast Asia will total $89.67 billion, an increase of $15.31 billion over last year. This fast acceleration has posed challenges for end-to-end logistics and caused companies to rethink their processes and supply chain. The strategic partnership with Syspex will enable CMC to match the demand and reach its full potential by offering advanced eco-friendly technology to substitute labour-intensive operations and reduce material waste.
“We are a company of people that believe sustainability is a way of life and business. The technology and solutions from CMC further foster our belief that we can help people make a positive impact together through innovative technologies. Sustainability should be easily accessible to everyone. With this partnership, we can change the landscape of sustainable solutions in this region, alongside our quality and customer service to our customers.”
“We are confident that Syspex will provide retailers and logistics company with an outstanding quality and customer service. This strategic partnership is an exciting growth opportunity for CMC in South Asia. Syspex is a highly regarded solutions and technology provider and will proudly carry CMC brand at all levels” said CMC CEO Francesco Ponti.
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