Sical Logistics has formed a JV company with Japan's Mitsui OSK Lines for automotives management yard at Ennore Port near Chennai. As per the agreement signed on October 14th2009 Mitsui will own 55% while Sical will have 45% equity.

The JV will combine the expertise of Mitsui in global automotives transportation and yard management with Sical's experiences in multi-modal integrated logistics and terminal operations.

The yard will manage automotives in complete built-up unit and cater to automotive exporters and importers based in India, and are scheduled to commence in the next fiscal.

(Sourced from Project Today)