KUALA LUMPUR (Aug 7): Panda Eco System Bhd (KL:PANDA) has signed an agreement with Chinese firm Tianjin Master Logistics Equipment Co Ltd to bring its automated warehousing and intelligent logistics technologies to Malaysia.

The retail management solutions provider said in a bourse filing on Thursday that the memorandum of understanding authorises Panda Eco to implement Tianjin Master’s logistics solutions locally.

Panda Eco will handle project management, technical setup, system integration and support. Both companies will jointly manage marketing and business development in Malaysia.

The agreement is for 12 months, unless extended by mutual written agreement or terminated by either party with a 30-day written notice.

Tianjin Master specialises in the design and manufacturing of a complete range of automated logistics equipment, such as shuttles, stacker cranes and conveyor systems, and holds over 20 patents and software rights. It has nearly 100 automated warehouse systems implemented across China and global markets.

Panda Eco chief executive officer cum executive director Loo Chee Wee said the company sees rising demand for automation in retail, warehousing and logistics, driven by the need for scalability, real-time tracking and streamlined operations within increasingly complex supply chains.

“Tianjin Master’s solutions, which have been successfully deployed across various industries, are designed to optimise warehouse operations, enhance inventory management and enable seamless integration within the broader supply chain ecosystem. These capabilities align well with our existing warehouse management system, allowing us to offer a robust and integrated solution that enhances operational efficiency and scalability,” Loo said in a statement.

Panda Eco’s shares closed down half a sen or 1.85% to 26.5 sen on Thursday, giving the company a market capitalisation of RM183 million.