Triple I Logistics Public Company Limited (III) revealed that according to the company’s approval to establish a subsidiary, Triple I Rail Logistics Company Limited (TIR) and the Chong Tang Charoen Group Transport Group Co., Ltd. and Power Interfreight Co., Ltd. In order to operate the rail transport business in that country, the company has adjusted its operational plan to be in line with the business opportunity and growth strategy of the company. It will provide rail transportation services to cover both domestic and international rail transport businesses. As for the domestic rail transportation business, it will be operated by the Group itself, which makes it no longer a joint company with the Chong Tang Charoen Transport Group Co., Ltd. and Power Interfreight Co., Ltd.
For international rail transport business, the Company has cooperated with business partner Sitthi Logistics Laos Co., Ltd. (Sitthi), who is a specialist in international logistics management and management, especially rail transport. in the Lao People’s Democratic Republic by establishing TSL Logistics Company Limited (TSL), in which the Company holds 51% of the total registered capital of 10 million baht, to operate an agent business of international exporters and importers, which TSL can It was registered with the Department of Business Development on August 2, 2022.