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Marvion Inc. Subsidiary Signs Agreement with Engineering Firm for Construction of New State-of-the-Art Warehouse Facility

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Marvion Inc. (OTC: MVNC) announced that its subsidiary United Warehouse Management has signed an agreement with Star Warehouse Engineering to construct a new warehouse facility. The facility will feature two floors totaling 36,000 square feet and will be equipped with modern automated systems and AI technology. Construction is scheduled to begin in Q4 2024 with completion expected by end of Q2 2025. The warehouse will enhance MVNC's storage capabilities and support partnerships with FedEx and SF Express. The facility will incorporate energy-efficient features and aims to optimize logistics operations while promoting sustainable business practices.

Marvion Inc. (OTC: MVNC) ha annunciato che la sua controllata United Warehouse Management ha firmato un accordo con Star Warehouse Engineering per costruire una nuova struttura di magazzino. La struttura avrà due piani per un totale di 36.000 piedi quadrati ed sarà dotata di sistemi automatizzati moderni e tecnologia AI. La costruzione è prevista per iniziare nel Q4 2024 con completamento atteso entro la fine del Q2 2025. Il magazzino migliorerà le capacità di stoccaggio di MVNC e supporterà le partnership con FedEx e SF Express. La struttura incorporerà caratteristiche energetiche efficienti e mira ad ottimizzare le operazioni logistiche promuovendo pratiche commerciali sostenibili.

Marvion Inc. (OTC: MVNC) anunció que su subsidiaria United Warehouse Management ha firmado un acuerdo con Star Warehouse Engineering para construir una nueva instalación de almacén. La instalación contará con dos pisos que sumarán 36,000 pies cuadrados y estará equipada con sistemas automatizados modernos y tecnología de IA. La construcción está programada para comenzar en Q4 2024 y se espera que se complete para finales de Q2 2025. El almacén mejorará las capacidades de almacenamiento de MVNC y apoyará las asociaciones con FedEx y SF Express. La instalación incorporará características de eficiencia energética y tiene como objetivo optimizar las operaciones logísticas mientras promueve prácticas comerciales sostenibles.

Marvion Inc. (OTC: MVNC)는 자회사인 United Warehouse Management가 Star Warehouse Engineering과 새로운 창고 시설 건설 계약을 체결했다고 발표했습니다. 이 시설은 36,000 제곱피트에 달하는 두 개의 층으로 구성되며, 현대적인 자동화 시스템과 AI 기술이 갖춰질 예정입니다. 건설은 2024년 4분기에 시작될 예정이며, 2025년 2분기 말까지 완공될 것으로 예상됩니다. 이 창고는 MVNC의 저장 능력을 향상시키고 FedEx 및 SF Express와의 파트너십을 지원할 것입니다. 시설은 에너지 효율적인 기능을 통합하고 물류 운영을 최적화하며 지속 가능한 비즈니스 관행을 촉진하는 것을 목표로 하고 있습니다.

Marvion Inc. (OTC: MVNC) a annoncé que sa filiale United Warehouse Management avait signé un accord avec Star Warehouse Engineering pour construire une nouvelle installation d'entrepôt. L'installation comprendra deux étages totalisant 36 000 pieds carrés et sera équipée de systèmes automatisés modernes et de technologies d'IA. La construction est prévue pour commencer au Q4 2024 et l'achèvement est attendu d'ici fin Q2 2025. L'entrepôt améliorera les capacités de stockage de MVNC et soutiendra les partenariats avec FedEx et SF Express. L'installation intégrera des caractéristiques économes en énergie et vise à optimiser les opérations logistiques tout en promouvant des pratiques commerciales durables.

Marvion Inc. (OTC: MVNC) hat angekündigt, dass ihre Tochtergesellschaft United Warehouse Management einen Vertrag mit Star Warehouse Engineering unterzeichnet hat, um eine neue Lagerhalle zu bauen. Die Anlage wird über zwei Etagen mit insgesamt 36.000 Quadratfuß verfügen und mit modernen automatisierten Systemen sowie KI-Technologie ausgestattet sein. Der Bau soll im Q4 2024 beginnen, und die Fertigstellung wird bis Ende Q2 2025 erwartet. Das Lager wird die Lagerfähigkeit von MVNC verbessern und Partnerschaften mit FedEx und SF Express unterstützen. Die Einrichtung wird energieeffiziente Merkmale integrieren und hat das Ziel, Logistikoperationen zu optimieren und nachhaltige Geschäftspraktiken zu fördern.

Positive
  • Strategic expansion with 36,000 sq ft new warehouse facility
  • Implementation of advanced automation and AI technology
  • Partnerships with major logistics companies (FedEx, SF Express)
  • Expected operational synergies and revenue growth potential
Negative
  • Significant capital expenditure required for construction
  • Extended timeline (7-8 months) before operational benefits materialize

HONG KONG, Nov. 14, 2024 /PRNewswire/ -- Marvion Inc. (OTC: MVNC) is pleased to announce that its subsidiary United Warehouse Management Limited has officially signed a quotation agreement with Star Warehouse Engineering Limited for the construction of a new, state-of-the-art warehouse facility. The new warehouse will be strategically located to support the company's growing logistics and storage operations, underscoring MVNC's commitment to scaling up its infrastructure to meet the increasing market demand.

The new warehouse will feature two floors, each spanning 18,000 square feet, for a total floor area of 36,000 square feet. This expansion is set to enhance MVNC's storage capabilities, streamline supply chain efficiency, and optimize logistics operations to better serve its expanding customer base.

Strategic Infrastructure Investment to Drive Long-Term Growth

This significant investment marks a crucial step in MVNC's long-term strategic plan to solidify its position as a leader in the logistics and storage services sector. The new warehouse will not only bolster the company's existing storage capacity but also enable the integration of advanced logistics and storage technologies. The facility will be equipped with modern automated systems with artificial intelligence engine to support high-volume inventory management and faster turnaround times, further strengthening MVNC's competitive advantage in the region.

Commenting on this milestone, Mr. Chan Sze Yu, CEO of Marvion Inc., said:
"This new warehouse is a testament to our commitment to expanding our infrastructure to meet the ever-growing demand in the logistics industry. By investing in this state-of-the-art facility, we are positioning Marvion to better serve our clients and seize emerging opportunities in the market. This project will not only enhance our operational efficiency but also increase our capacity to support strategic partners like FedEx, SF Express, and other key clients."

Supporting Sustainable Growth in the Asia-Pacific Region

Aligned with MVNC's sustainability goals, the new facility will incorporate environmentally friendly design elements, such as energy-efficient lighting systems and optimized insulation to reduce energy consumption. These initiatives underscore MVNC's dedication to promoting sustainable business practices while driving growth.

The construction is scheduled to begin in Q4 2024, with completion expected by the end Q2 2025. The new facility is projected to generate significant operational synergies, contributing to the company's continued revenue growth and profitability.

About Marvion Inc.

Marvion Inc. (OTC: MVNC) is a leading logistics and warehousing solutions provider based in Hong Kong. The company specializes in offering one-stop transport and storage services to business clients, leveraging advanced digital technologies and efficient inventory management systems.

Company Website: www.unitedksk.com

Cision View original content:https://www.prnewswire.com/news-releases/marvion-inc-subsidiary-signs-agreement-with-engineering-firm-for-construction-of-new-state-of-the-art-warehouse-facility-302305403.html

SOURCE Marvion Inc.

FAQ

When will Marvion Inc. (MVNC) complete its new warehouse construction?

The new warehouse construction is expected to be completed by the end of Q2 2025.

How large is MVNC's new warehouse facility?

The new warehouse facility will have two floors, each spanning 18,000 square feet, for a total floor area of 36,000 square feet.

What technology features will MVNC's new warehouse include?

The warehouse will feature modern automated systems with artificial intelligence engine for high-volume inventory management and faster turnaround times.

Which major logistics partners will MVNC's new warehouse support?

The new warehouse will support strategic partners including FedEx and SF Express, among other key clients.

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