https://www.engineeringnews.co.za
Business|Business Growth|Logistics|transport|Trucks|Property Development|Solutions
Business|Business Growth|Logistics|transport|Trucks|Property Development|Solutions
business|business-growth|logistics|transport|trucks|property-development|solutions

HRMP unveils R17.5m warehouse expansion at Dube TradePort

HRMP Logistics CEO Musa Makunga

HRMP Logistics CEO Musa Makhunga

14th June 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

Logistics company HRMP has inaugurated a R17.5-million warehouse expansion at Dube TradePort (DTP) TradeZone 2, in KwaZulu-Natal.

For the past six years HRMP, which specialises in the transport of heavy-duty break-bulk, has operated from a leased warehouse at DTP TradeZone 1. However, with the ongoing expansion of its business across the value chain, acquiring a 5 600 m2 site through a notarial lease to build its own warehouse became a viable option.

HRMP Logistics CEO Musa Makhunga highlighted the advantages of DTP’s leasehold model and support from Ithala Development Finance Corporation in funding leasehold property development.

He pointed out in a statement that leasehold ownership enables the right to use a property for a set period, providing similar benefits to ownership without the upfront cost of land purchase.

He said the model was often misunderstood, but that it offered significant benefits for business growth and development.

Leasehold ownership means that an entrepreneur can develop a business without buying the land upfront, instead, at the end of the long-term lease, giving the land and premises back to the original owner.

The new warehouse signifies HRMP’s evolution from a micro into a small- to medium-sized business.

“From the first time I contacted DTP in 2017 looking for warehousing, to now, they have worked with us finding solutions to our challenges.”

Established in 2018, HRMP Logistics had two employees, leased 2 000 m2 of warehousing at DTP TradeZone 1, and hired vehicles from other logistics businesses, including DTP's AiRoad.

Today, the company employs ten people, has its own premises, and five trucks capable of transporting up to 34 t of cargo each.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/07/2024)
12th July 2024 By: Martin Creamer
Magazine image
Magazine round up | 12 July 2024
12th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.43 0.491s - 257pq - 2rq
Subscribe Now