Malaysia Airlines Cargo (MASkargo) plans to spend 100 million ringgit ($30 million) to upgrade its warehouse complex, as it anticipates further growth in the market.

It will upgrade the material handling cargo system of its cargo handling complex at Kuala Lumpur International Airport over the next four years, says MASkargo.

The project will ensure smoother cargo handling operations and increase the capacity from 650,000 tonnes to one million tones per annum, it adds.

It aims to grow its capacity by more than 10% this year, says MASkargo.

"Although [the] business environment remains challenging, we in the industry are expecting 2010 to be less volatile with moderate growth forecasted," says MASkargo managing director Shahari Sulaiman.

Besides upgrading its cargo facility, MASkargo plans to grow its freighter network and develop its partnership with Hainan Airlines Group in China, adds Shahari.

Source: Air Transport Intelligence news