TVS Supply Chain Solutions, the Chennai-based integrated supply chain solutions provider, on Tuesday announced that its wholly-owned subsidiary, TVS SCS North America, aspires to become a $500 million revenue business, building on a 20% CAGR over the past four years.
The company also announced the inauguration of its new 225,000-square-foot build-to-suit facility in Waterloo, Iowa. The facility, as per the company, will expand its footprint in the U.S. Midwest and strengthen its ability to serve local manufacturers and key clients.
“Our new facility in Iowa embodies the future of supply chain management. With 95% of its capacity already committed, the facility is a testament to the strong demand for our services and the trust our clients place in our capabilities,” said Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions.
“These advanced technologies enable us to serve our clients’ evolving needs with agility and precision, positioning us to achieve faster and stronger growth in the U.S. market,” he added.
This new facility is the second TVS SCS location in the state and features 6,800 square feet of office space, a driver's lounge, 30 loading dock doors and two drive-in doors. TVS SCS is currently building another 225,000-square-foot facility in the region, which will be go live next quarter. TVS SCS’ first facility in the state is located in Iowa City.
“We are committed to further expanding our presence in the U.S. and investing in state-of-the-art facilities to better serve our clients,” said Richard Vieites, CEO of North America & Europe, TVS Supply Chain Solutions.
He added, “Our future plans include continued growth in strategic locations, enhancing our technological capabilities, and fostering strong partnerships to drive innovation in supply chain management.”