TOKYO — Japan’s Mitsubishi Logistics will invest roughly 1.5 billion yen ($10.4 million) to build a distribution center in Thailand, with plans to eventually sell off the facility, Nikkei has learned.
Mitsubishi Logistics will take a 49% stake in a joint venture with a local developer. Construction of the facility with a 25,000 square-meter floor space near Bangkok is to be completed in December 2026.
