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2002 Press Releases
Latest effort to strengthen presence in Taiwan and meet increasing customer demand
HONG KONG, March 26, 2002 - FedEx Express, the world's largest express transportation company, today officially opened its expanded facility in Taipei's new terminal at the Chiang Kai-Shek International Airport.
Underscoring the potential for growth in Taiwan's industries, Mr. David L. Cunningham Jr. President Asia Pacific, stressed the importance of the new facility for FedEx's future development and growth in Taiwan.
"FedEx has outgrown its current facility. This expanded transshipment center gives us increased capacity and the ability to handle substantially more volume. At the same time, this expansion allows us to prepare for anticipated future demand," said Mr. Cunningham.
Mr. Cunningham reinforced the fact that in FedEx's global and intra- Asia network Taiwan plays a very pivotal role in ensuring the consistent flow of goods from Asia to other points around the globe, adding that this facility will offer companies direct and fast access to express services needed to capitalize on export opportunities.
FedEx believes that there continues to be a very substantial level of business in Taiwan - a belief that is supported by recently released figures by Taiwan's Industrial Development Bureau (IDB). According to the IDB, the expected growth from emerging industries such as nanotechnology, semiconductor manufacturing equipment, and color image display equipment will spell long-term opportunities for Taiwan's express transportation industry. IDB estimates that the commercial value of the industrial applications of nanotechnology, color image display equipment manufacturing and digital content production will likely reach an estimated US$53.7 billion.
"As Taiwan moves away from labor-intensive, high-tech manufacturing toward industries that depend on higher value-added production, air express services will be critical to the success of the economy and will enhance Taiwan's competitiveness in the region." said Mr. Cunningham.
This facility complements FedEx's intra-Asia hub at Subic Bay, Philippines, which is the largest air express hub operating in Asia. With the Subic Bay hub, FedEx recreated its visionary hub-and spokes system in Asia, giving customers access to an expansive route network unmatched by any other carrier in the industry.
"The CKS transshipment center is a vital part of FedEx's overall hub strategy. As intra-Asia economies recover and business activity expands to other important markets, FedEx's hub strategy in Asia will help to bring regional trading partners closer together," said Mr. Cunningham.
With an area of 8,700 square metres, the Taiwan transshipment center is able to handle 6,000 packages per hour, three times higher than the volume previously handled. The new facility also features one of the most advanced customs clearance systems in Asia Pacific, that allows totally paperless import clearance operations.
FedEx established operations in Taiwan in 1990. In 1997, FedEx set up its first CKS International Airport transshipment center. FedEx has 7 service stations and one logistics center in Taiwan. The company flies 78 times per week into and out of Taipei and Kaoshiung, directly serving about 90 percent of the total population of Taiwan and 99 percent of Taiwan's total import and export outputs. FedEx currently employs a total of 800 in Taiwan.
FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3.3 million items to 211 countries each working day. FedEx employs approximately 145,000 employees and has more than 45,800 drop-off locations, 640 aircraft and 44,500 vehicles in its integrated global network.
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