Kawasaki Kisen Kaisha Ltd. announced to establish a joint venture with Cool Japan Fund Inc. and Japan Logistic Systems Corp. and to construct and operate a cold storage in the outskirts of Ho Chi Minh City in Vietnam. This project is determined to be invested by Cool Japan Fund Inc. The development strategies of the three companies for the cold storage in Vietnam are in alignment, and an agreement has been concluded to establish this new joint venture through joint investment.

The new joint venture company will construct and operate a cold storage with total floor area of approximately 9,300 square meters on land with an area of approximately 20,000 square meters. Through this new warehouse business, the "K" Line Group will provide services tailored to the needs of customers, focusing on freight shipments from Japanese customers to Vietnam which are expected to increase in the future, and thereby further develop and expand its logistics business in Asia.