Igarashi Reizo Expands Cold Storage in Vietnam: A Step Towards Modern Logistics
Introduction to Igarashi Reizo
Igarashi Reizo, a venerable Japanese company with over a century of experience in cold storage services, is making significant strides in expanding its operations in Southeast Asia. Known for its excellence in logistics and refrigeration, the company recently began the development of a cutting-edge cold and dry warehouse complex in Tay Ninh province, Vietnam.
Overview of the Project
On December 9, 2025, Igarashi Vietnam Co., Ltd., a subsidiary of Igarashi Reizo, officially broke ground on a substantial logistics endeavor at Long Hau Industrial Park. This ambitious project, valued at over VND 621 billion (approximately $23.57 million), is set to feature a modern facility equipped with Japan-standard cold logistics technology. The goal is to incorporate extensive automation and robotics to enhance storage capabilities and ensure the highest quality of products.
Project Specifications
Spanning about 36,600 square meters, the new warehouse will accommodate roughly 21,000 pallets. Notably, several sections of the facility will be fully automated, integrating sophisticated warehouse management systems and operational solutions derived directly from Japan. According to the project’s timeline, construction is expected to commence in January 2026, with the first phase slated for completion by the first quarter of 2027. Subsequent phases, including an additional processing area, are intended to be finished between 2030 and 2032.
Leadership Insights
At the groundbreaking ceremony, Takaharu Igarashi, CEO of Igarashi Reizo, emphasized the significance of this facility, stating the company’s ambition to introduce the most advanced cold storage technologies from Japan to Vietnam. This move aims to enhance food quality, strengthen the cold supply chain, and contribute to sustainable growth within Vietnam’s logistics sector.
Historical Context and Industry Impact
Founded over a century ago, Igarashi Reizo has established itself as one of Japan’s premier cold storage and refrigeration companies. With 11 modern cold warehouses operating across major cities like Tokyo, Saitama, and Kanagawa, the company generates approximately $200 million in annual revenue. Expanding its capabilities, Igarashi ventured into truck transportation in 1958, creating an integrated cold supply chain that includes a fleet of over 160 refrigerated trucks.
Regional Expansion into Southeast Asia
Vietnam marks a strategic expansion for Igarashi, following its successful operations in Thailand. This move reflects the company’s commitment to growing its regional footprint in Southeast Asia and responding to the rising demand for cold storage solutions.
Trends in Vietnam’s Warehouse Market
The logistics landscape in southern Vietnam is nascent yet promising. Recent data from Cushman & Wakefield Vietnam reveals that the average occupancy rate of ready-built warehouses stands at approximately 89%. This growth is driven by escalating demand across sectors like consumer goods, food and beverage, pharmaceuticals, and construction materials. In the third quarter of 2025, average warehouse rents climbed to $4.6 per square meter per month, marking a 4% increase from earlier in the year.
Future Projections
Looking ahead, the logistics market is expected to continue its upward trajectory, with more than 1.2 million square meters of new warehouse space anticipated to enter the market between 2025 and 2027. This expansion is largely driven by the fast-moving consumer goods sector, pharmaceuticals, and the booming e-commerce industry.
Local Market Dynamics
In Ho Chi Minh City, occupancy rates remain especially high, hovering around 96%. This surge has prompted logistics operators to explore expansion into neighboring provinces like Dong Nai and Tay Ninh, where occupancy rates are estimated at 87% and 76%, respectively. The recent merger of Long An and Tay Ninh provinces has also created new logistical opportunities in an area that borders Dong Nai, Dong Thap, Ho Chi Minh City, and even Cambodia.
Conclusion
As Igarashi Reizo begins its journey into Vietnam’s expanding logistics sector, the company embodies the promise of enhanced food storage solutions and cutting-edge cold logistics technologies. This project not only aims to transform warehouse capabilities but also plays a crucial role in the sustainable development of the entire logistics ecosystem in Vietnam. With insights from historical operations and innovative plans for the future, Igarashi’s venture illustrates the significant potential for growth in the region’s logistics landscape.