PORT KLANG, Malaysia, May 3 (Bernama) — C. Steinweg Logistics (Malaysia) Sdn. Bhd., a fully owned subsidiary of C. Steinweg Warehousing (F.E.) Pte Ltd and a member of C. Steinweg Group, today announced the Grand Opening of its Port Klang Natural Resources & Commodities Hub. Port Klang will be Steinweg’s second owned-and-operated London Metal Exchange (LME) Delivery Point in Malaysia, after Johor Port Terminal 2, and the country’s first European-Standard Chemical Warehouse in the Klang valley.
On the LME, the world’s premier non-ferrous metals market which handles more than 80% of the base metals transacted globally, C. Steinweg is a leading player, running close to 200 warehouses in 17 regional hubs. Known as the industry pioneer, Steinweg has a track record of being the first operator in many important trading hubs around the world.