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2004 Press Releases
Kuala Lumpur, MALAYSIA - July 20, 2004 – FedEx Express (FedEx), the world's largest express transportation company, now offers door-to-door services for customers transporting restricted or classified goods under its new International Priority Dangerous Goods (IPDG) service.
The launch of the IPDG service in Kuala Lumpur will give local businesses the ability to ship all classes of classified goods (excluding radioactive or explosive products) from their site (and from Penang effective 1 September 2004) to their customer's front door, within Asia, and to or from Europe & North America.
Mr. Peter Yin, Regional Vice President of FedEx Express, South Pacific said, "With the recent increase in interest and continued growth in the biotechnology sector as an emerging industry and Malaysia's key role in aviation parts distribution and repair and return services, FedEx is keen to play a significant role in facilitating the growth of these import and export sectors."
Lily Tay, Managing Director for FedEx Malaysia said, "The introduction of this new service is in direct response to customers’ demand for door-to-door services to and from Kuala Lumpur, and another example of how FedEx continues to enhance its services to customers throughout the nation. The service will also be expanded to Penang within the next few months."
For example, the FedEx IPDG service will support Malaysia's growing biotechnology & aerospace sectors, with the reliable time-definite transport of items including blood-products, chemical compounds and catalysts required for research or production, aircraft engines with residual fuel, batteries and specialized aerospace paint & polymers.
Biotechnology has been identified as one of the five core technologies that will accelerate Malaysia's transformation into a highly industrialized nation by 2020, and is earmarked as one of the areas of advancement under the 8th Malaysia Plan (2001-2005).
The Malaysian Government is investing RM2 Billion to develop a special zone for biotechnology research called BioValley, with the aim to develop 30,000 jobs in approximately 150 new biotechnology firms within the next 8 – 10 years, and attract more than RM 40 Billion in investments.
According to the Malaysian Industrial Development Authority, the Malaysian aerospace industry is expected to contribute between 5% and 8% to the economy by 2015, and comprises of over 100 aerospace-related organisations, primarily focused on aviation and its support industries as well as the manufacturing sub-sector.
"This new service reinforces our confidence in Malaysia as a good place to do business. With such a robust local economy, FedEx is well positioned to support the strong export demand for goods manufactured in Malaysia, and the growth of the local biotech and aerospace industry" said Ms. Tay.
The new service is specifically targeted at the transportation of dry-ice products, high-value engine parts with residual fuel, and diagnostic samples and equipment from the biotechnology sector. All shipments with classified goods are handled by FedEx in accordance with International Air Transport Association (IATA) regulations for air transport and FedEx's terms and conditions.
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), connects areas that generate 90% of the world's gross domestic product in one to three business days with door-to-door, customs-cleared service and a money-back guarantee. 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 3.1 million items to 215 countries each working day. FedEx employs approximately 138,000 employees and has more than 50,000 drop-off locations, 643 aircraft and approximately 43,000 vehicles in its integrated global network.
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