UPS continues investments in Asia Pacific
Global logistics provider UPS has taken the value of its investment commitments in Asia Pacific to over USD 250 million since the start of 2023. This strategy includes the company’s recent agreement with the Luzon International Premiere Airport Development Corporation (Lipad) to expand its operations at Clark airport (CRK) in the Philippines.
This will enable UPS to further strengthen its portfolio of integrated express, supply chain and healthcare logistics services. Construction of the new Clark hub is set to begin in February 2025, and it is expected to be operational in late 2026.
The agreement is the latest in a series of recent network and facility enhancements the company has made in Asia Pacific, comprising locations in Singapore, Japan, China, Vietnam, South Korea, Taiwan, and most recently Hong Kong, where UPS announced it will open a new state-of-the-art facility by 2028. (cj)