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TVS Supply Chain Solutions Ltd, a global supply chain solutions provider, on Tuesday said its contract with Rolls-Royce, a global leader in technology and innovation, has been extended for five years until 2029.
The partnership extension is for the Parts Distribution Centre (PDC) in Singapore serving the Asia-Pacific markets for Rolls-Royce’s Power Systems business unit. This extension reflects the confidence and trust placed by Rolls-Royce in TVS SCS’ service performance and underscores the continued success of the collaborative efforts between the two companies.
”The collaborative journey between TVS SCS and Rolls-Royce Power Systems regional centre, Rolls-Royce Solutions Asia (formerly known as MTU Asia), began in early 2013 with the mutual goal of enhancing warehouse efficiency and productivity at the PDC through the implementation of an Automated Storage and Retrieval System.
In 2014, the project came to fruition with the completion of the ASRS warehousing system tailored to Rolls-Royce’s specific requirements. The facility has since proven its efficacy, significantly contributing to improved overall warehouse productivity and efficiency.
“We are delighted to continue our partnership with Rolls-Royce and contribute to the success of their Parts Distribution Centre in Singapore,” said Vittorio Favati, CEO TVS SCS Global Forwarding Solutions. “The renewal of this contract is a testament to the efficiency and reliability of our tailored supply chain solutions. We look forward to further enhancing the operational excellence of the PDC and supporting Rolls-Royce’s continued growth in the Asia-Pacific region.”
Giovanni Spadaro, President, Global Markets Rolls-Royce Power Systems, and Managing Director, Rolls-Royce Solutions Asia, said “The extension of this contract for an additional five years underscores the shared commitment of both companies to achieve strategic objectives and desired outcomes, further solidifying the foundation for continued growth and operational excellence in the region.
Share price of TVS SCS on the NSE closed at ₹197, up by 3.66 per cent.
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