WorldBridge Secure Logistics, a member of the WorldBridge Group, on Friday signed a joint-venture agreement with US security and protection company Brink’s.
For in depth analysis of Cambodian Business, visit Capital Cambodia
The deal is expected to bring secure transportation services in the Kingdom to the next level.
Headquartered in Richmond, Virginia, Brink’s serves customers in more than 100 countries and employs approximately 134,000 people, offering corporate financial logistics and international secure transportation.
WorldBridge Secure Logistic, meanwhile, specialises in the secure delivery of goods such as gold, diamonds, and jewellery.
Khy Phanna, general manager of WorldBridge Secure Logistics, said the new partnership will bring international standards to the sector.
“Through this JV, we will expand our activities with efficiency and stability, complying with national and international standards to build trust among local and international customers.
“As part of the partnership, we will set up a cash processing centre in Cambodia in the second quarter of this year to service banks and other companies in the Kingdom. We will be the first company to establish this type of facility.”
Mr Phanna said this year his company will open four new branches, in Ratanakkiri, Svay Rieng, Takeo, and Kampong Speu provinces.
WSL has branches in Phnom Penh, Kampong Cham, Battambang, Sihanoukville, Siem Reap, Kampot, Kampong Thom, and Banteay Meanchey.
Gary Freedman, representative of Brink’s, said the joint venture with WSL has been a long time in the making.
“I thank WorldBridge for enabling this partnership.
“Brink’s is the number one premium secure transport company in the US. Here in Cambodia, we offer cash management and secure logistic services, but will soon be starting new services,” he said.
Sear Rithy, chairman of WorldBridge Group, said, “This is what we want. They will inject capital, and bring know-how to Cambodia.