Yokohama Reito to establish a subsidiary for refrigerated warehouse business

Yokohama Reito will establish a wholly-owned subsidiary called Vietnam Yokorei in March to handle refrigerated warehouse business in Vietnam

The company invested Dong 306 billion (US$13 million) on the new business. Meanwhile, Yokohama Reito also has a local subsidiary with the largest share in the frozen warehouse business in Thailand. It will establish a new subsidiary in Vietnam as it seeks to expand its business in the region.