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LONDON - James Latham PLC announced Friday it has secured planning permission to build a National Distribution Centre (NDC) in East Anglia, representing a total investment of £45 million.
The timber products distributor will initially invest £6 million for the land acquisition, followed by £39 million over the next two years for construction and fitting out the 300,000 square foot warehouse, according to a company press release.
The facility will feature Warehouse Management System technology and is strategically located with good transport links. James Latham plans to fund the entire project using its existing cash resources.
The company stated the investment follows an end-to-end supply chain review that identified the need to "future proof the supply chain, reduce reliance on third party service providers and improve routes to market."
According to the announcement, the new distribution center aims to provide greater control over imported product storage, support development of value-added products, and enable expansion of product ranges.
The company claims the facility will also enhance internal distribution within the UK, allowing its depot locations to maintain a wider range of products while improving service and availability for customers.
James Latham is listed on the London Stock Exchange.
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