Peregrine Cold Logistics Enters Indonesia With Joint Venture
KUALA LUMPUR, Sept 1 (Bernama) -- Peregrine Cold Logistics (Peregrine), Asia’s unified cold storage and logistics platform, has entered Indonesia through a joint venture with Indonesian real estate developer Sinar Primera to acquire and develop tier-one cold storage assets across the country.
The partnership combines the acquisition of an existing Sinar Primera-owned facility in Pluit with a new greenfield development in Narogong, expanding Peregrine’s cold chain footprint in Southeast Asia’s largest economy.
Peregrine co-founder and chief executive officer, Jeff Hogarth said the Indonesia entry marks a significant milestone in the company’s strategy to build an integrated international cold chain platform.
“Our objective is not simply to build capacity in Indonesia, but to connect the market into our broader ASEAN and Gulf Cooperation Council (GCC) network, creating a more integrated logistics solution for customers and a platform for long-term growth across the region,” he said in a statement.
Meanwhile, Sinar Primera Group head, Hong Kah Jin said the partnership combines Peregrine’s cold chain expertise and international client base with Sinar Primera’s local market execution and infrastructure capabilities, supporting Indonesia’s growing demand for temperature-controlled infrastructure.
The partnership builds on Peregrine’s existing cold chain platform in the Philippines and is aimed at addressing rising demand for modern cold storage infrastructure in Indonesia, driven by rising incomes, urbanisation and increasingly sophisticated food and retail sectors.
The Pluit facility is strategically positioned to serve customers across northern and western Jakarta, while the new Narogong facility will feature semi-automated freezer and chiller capacity meeting global standards and anchor a hub-and-spoke network.
Together, the facilities are expected to support food producers, importers and exporters, fast-moving consumer goods (FMCG) companies and quick-service restaurant (QSR) chains, while strengthening food safety and security across Indonesia’s supply chains.
The joint venture will leverage Sinar Primera’s local market development expertise, land access and execution capabilities alongside Peregrine’s international cold chain network and operational experience to scale its Indonesian platform.
-- BERNAMA