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UPS Expanding Healthcare Network To Simplify Latin American Market Access

Stocks in this article: UPS

MEXICO CITY and ATLANTA, April 3, 2014 (GLOBE NEWSWIRE) -- UPS (NYSE: UPS) today held a ribbon-cutting ceremony in the state of Mexico, celebrating the addition of three healthcare-dedicated facilities to address high growth medical device and pharmaceutical consumption markets throughout Latin America. Over the coming months, UPS will open and expand new facilities near Mexico City, Mexico, São Paulo, Brazil and Santiago, Chile, highlighting its continued investment in the region.

With these expansions, UPS's network in the region reaches nearly 70 percent of the total healthcare consumption and manufacturing markets in Latin America. The region includes two of the top 15 healthcare consumer markets worldwide and the UPS facilities are located in the largest consumption cities in these countries enabling efficient market access.

 "Latin America represents a strong growth opportunity for healthcare companies and providers who rely on UPS's network of dedicated facilities, air freight, and safety and compliance expertise to support their business goals," said John Menna, UPS vice president, Global Healthcare Strategy. "These facilities offer greater access to the best-in-class logistics solutions for pharmaceutical, biotech and medical device companies serving Latin America, giving global healthcare customers the confidence they need."

The growing middle class is driving increased healthcare demand across emerging markets worldwide, including Latin America. Reaching new markets was identified by nearly 80 percent of healthcare executives in UPS's most recent annual " Pain in the (Supply) Chain" study which measures decision makers' concerns in healthcare logistics.

Specifics of the healthcare expansions include:

Mexico

Celebrating its healthcare inauguration today, this multi-client facility located in Cuautitlan Izcalli, state of Mexico, serves the second largest medical device and pharmaceutical consumption market in the region. The existing building now includes nearly 78,000 sq. ft. of healthcare-dedicated space. UPS has been operating in Mexico since 1989.

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