Ibn Sina Pharma’s (ISPH) investment arm, AIM, has established a third-party logistics services company (3PL), “Ramp Logistics”, with an issued capital of EGP 300 million.
What are 3PL🤷♀️ Third-party logistics companies – or 3PL – store your inventory for you. 3PL is the vital link between manufacturing operations & customers, as they collect, pack, & ship products.
Why is this important🤔 Having a subsidiary focusing on warehousing, transportation & other 3PL services will allow Ramp Logistics to expand its storage capacity. “Our expertise in 3PL in a sophisticated market like pharma, opens the door for future expansion in other industries besides pharma,” said Mohsen Mahgoub, Managing Director of Ibnsina Pharma.