UPS (communiqué) : Accord avec Sinotrans en vue de prendre le contrôle direct de ses opérations express en Chine
UPS (communiqué) : Accord avec Sinotrans en vue de prendre le contrôle direct de ses opérations express en Chine
UPS to Acquire Direct Control of Express Operations in China’s Major Cities
? BEIJING, Dec. 2, 2004 - UPS (NYSE:UPS) today announced an agreement with Sinotrans to take direct control of its international express operations in China’s largest and most important cities by the end of 2005.
The agreement, signed on Dec 1, requires a payment of US$100 million by UPS for the transfer of operations in 23 cities across China. Operations in those 23 business centers extend service to an additional 200 cities, which account for more than 80 percent of China’s gross domestic product. With an expanded network in place, UPS will offer customers enhanced services and access in and out of the world’s fastest growing market.
Starting in January of 2005, UPS will take direct control of operations in five locations: Shanghai, Guangzhou, Shenzhen, Tianjin and Qingdao. By December 20