Login
SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

PTT Synergy unit signs warehouse automation and maintenance deal with Sime Darby Property and Mydin Mohamed

#International News
Last Updated : 8th Apr, 2026
share-icon Share
font-size icon Font size
ABC Small ABCMedium ABCLarge
Save
print Print
comment Comment
Synopsis

PTT Synergy Group Bhd announced that its unit has entered into an agreement to supply a warehouse automation system for a project involving Sime Darby Property and Mydin Mohamed Holdings. The contract includes the implementation of an automated storage and retrieval system (ASRS) along with ongoing maintenance services. The deal reflects increasing adoption of automation in logistics and warehousing, particularly in large-scale retail and industrial developments, where efficiency and storage optimisation have become critical.

Story Image

Representative image

PTT Synergy Group Bhd stated that its subsidiary has secured a contract to implement a warehouse automation system for a development linked to Sime Darby Property and Mydin Mohamed Holdings. The project is associated with the Elmina East asset under Sime Darby Property's portfolio.


The company informed that the scope of work includes the deployment of an automated storage and retrieval system (ASRS), which is commonly used in modern warehouses to improve storage density and operational efficiency. In addition to the installation, the unit will also provide maintenance services for the system under the agreement.

While financial details of the deal were not disclosed, such systems are typically adopted by large retail and logistics operators to streamline inventory management and reduce manual handling. Mydin Mohamed Holdings, known for its wholesale and retail operations, has been expanding its supply chain capabilities to support growing demand.

Sime Darby Property has been actively developing industrial and logistics assets within its townships, including Elmina, to cater to rising demand for integrated warehousing solutions. The inclusion of automation technologies in these developments highlights a shift towards more efficient and technology-driven infrastructure.

PTT Synergy has been involved in engineering and automation solutions across sectors, and this agreement strengthens its presence in warehouse automation projects in the region.

Source Reuters
Next (Mumbai Metro rolls out simpler timetables as new lines 9 and 2B begin operations)

Have something to say? Post your comment

Post Comment

Quick Links

Asset Class

Location

Other News
post_image

5th Jun, 2025

Mumbai emerges as top data centre hub in Asia-Pacific region
post_image

25th May, 2023

Reliance Industries acquires the Mandarin Oriental Hotel in New York
post_image

11th May, 2023

U.S. housing market sees significant decline in home listings amidst reluctant sellers and high mortgage rates
post_image

27th Apr, 2023

US single-family housing construction on the rise: positive signs for a struggling market