This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

UPS Expands Global Healthcare Network With Three New Facilities In Asia Pacific Region

Stocks in this article: UPS

UPS (NYSE: UPS) today announced a significant expansion of its global healthcare distribution facility network in the Asia Pacific region with the opening of three new state-of-the-art facilities in Hangzhou, China, Shanghai, China, and Sydney, Australia. The new facilities bring the total number of UPS dedicated healthcare facilities around the globe to 36, encompassing more than one-half million square meters of space. They are part of UPS’s strategy to invest in its global healthcare network to meet the growing needs of its global healthcare customers.

Driven by trends of increased globalization and growing healthcare consumption in emerging markets, the new facilities, together with UPS’s existing healthcare facility in Singapore, which opened in 2011, serve both multi-national and regional healthcare manufacturers’ distribution needs across the Asia Pacific region. The new facilities represent nearly 35,000 square meters of healthcare-compliant distribution space and are specially designed to meet the needs of pharmaceutical, biotech and medical device companies.

“Asia is our fastest-growing market for healthcare and we are seeing increased activity in the region, especially in China, where a growing demand for acute and chronic care has driven the need for reliable, flexible and compliant supply chains to serve a highly dynamic market,” said Bill Hook, vice president, global strategy, UPS Healthcare Logistics. “Healthcare is a major focus area for UPS, and we are committed to continuing investments in Asia and other parts of the world timed with – and often ahead of – market demand to support our clients’ growth strategies in key regions.”

Specifics of the new facilities include:

Hangzhou

Opened in the third quarter of this year, UPS's Hangzhou facility consists of 22,000 square meters of validated healthcare distribution space. The facility is designed to support the increasing number of pharmaceutical companies that are locating manufacturing operations in China.

Shanghai

Located within the Waigaoqiao Free Trade Zone, the recently opened 7,575 square meter facility is designed to meet the needs of the medical device market. The facility provides critical access to one of the largest consumption markets for healthcare products. The close proximity of the Waigaoqiao Free Trade Zone to the UPS International Air Hub in Shanghai allows UPS to provide an integrated supply chain solution to the healthcare market.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs