South Korean Partnership Plans Logistics Center in Secaucus

On Jun 28, 2023

CJ Logistics, a supply chain and technology company in South Korea, has announced a strategic partnership with the Korea Ocean Business Corporation (KOBC) to construct three large-scale logistics centers in the United States, including one in Secaucus. The other two centers will be located in Elwood and Des Plaines, Illinois.

Totaling 3.9 million square feet, the sites collectively span an area equivalent to 50 international standard soccer fields. While CJ Logistics plans to contribute the land, KOBC will secure funding for the construction of the logistics centers. With a total investment of approximately $457 million, these logistics centers will prioritize handling import and export cargo of global and South Korean companies, facilitating their overseas expansion and trade activation. Additionally, the initiative aims to strengthen the economic alliance between the U.S. and South Korea by fostering local investment and job creation.

CJ Logistics will assume responsibility for the operation of these three logistics centers. The investment commitment agreement is expected to be signed within the third quarter of this year, and construction is scheduled to commence in the first quarter of next year, with a phased completion targeted from the first half of 2026 to 2027.

In a ceremony held on June 19, Sin-ho Kang, CEO of CJ Logistics, and Yang-soo Kim, CEO of KOBC, signed an agreement to implement this project at CJ Logistics America’s office in Des Plaines, Illinois.

Strategically located in three major U.S. cities or logistics hubs, CJ Logistics’ sites offer significant advantages. Elwood, Illinois, adjacent to the terminals of BNSF and Union Pacific, the largest freight railroad companies in the US, provides efficient transportation and delivery nationwide within one to two days via road and rail networks. Des Plaines, Illinois, is located near Chicago, one of the three largest cities in the U.S. and major consumer markets, as well as O’Hare International Airport, the largest freight airport in the country. Secaucus, New Jersey, situated near New York Harbor, JFK Airport, and New York City, offers access to another major consumer market.

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