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    9062   JP3729400006

NIPPON EXPRESS CO., LTD.

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Nippon Express : Korea becomes first Japanese logistics company to obtain GDP certification in Korea

10/04/2021 | 10:19pm EST
Nippon Express Korea becomes first Japanese logistics company to obtain GDP certification in Korea

October 5, 2021

Nippon Express Korea Co., Ltd. (Yasuhiro Sugi, Representative Director; hereinafter, "NE Korea"), a local subsidiary of Nippon Express Co., Ltd. (Mitsuru Saito, President), on Monday, August 23 become the first Japanese logistics company in South Korea to obtain Good Distribution Practice (GDP) certification for short-term pharmaceutical storage services provided by NE Korea's Head Office in Seoul and its Incheon International Airport CFS, evidencing the company's compliance with GDP standards for the proper distribution of pharmaceuticals.

(Exterior view of Incheon Warehouse)

South Korea's pharmaceutical and healthcare sectors, both regarded as priority emerging industries, have seen remarkable growth in recent years, and the country has the world's second-largest number of biopharmaceutical contract manufacturing organizations (CMOs). It also hosts several corporate groups with significant shares in the global biosimilars market, so the need for high-quality logistics is expected to grow in future.

The GDP certification acquired by NE Korea covers import/export air cargo forwarding and domestic transport service arrangements at NE Korea's Head Office and its Incheon International Airport CFS, and the facility to be used is equipped with temperature control functions to maintain three temperature ranges: -15℃ to -25℃ (frozen storage), 2℃ to 8℃ (refrigerated storage) and 15℃ to 25℃ (constant-temperature storage).

NE Korea will be utilizing its recently acquired certification and leveraging the Nippon Express Group's network as a strength to improve its quality and enhance its services to meet an anticipated expansion in the demand for pharmaceutical logistics.

[Profiles of facilities]

NE Korea Head Office 11F, Kyobo Securities B/D 97, Uisadang-daero,
Yeongdeungpo-gu, Seoul,07327, Republic of Korea
Incheon Warehouse 146 Gonghangdong-ro 296beon-gil Jung-gu, Incheon, 22379,
 Republic of Korea
Available temperature ranges -15℃ to -25℃ (frozen storage)
2℃ to 8℃ (refrigerated storage)
15℃ to 25℃ (constant-temperature storage)
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Disclaimer

Nippon Express Co. Ltd. published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 02:18:41 UTC.


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Sales 2022 2 169 B 19 171 M 19 171 M
Net income 2022 55 722 M 493 M 493 M
Net Debt 2022 137 B 1 214 M 1 214 M
P/E ratio 2022 10,5x
Yield 2022 2,86%
Capitalization 589 B 5 215 M 5 207 M
EV / Sales 2022 0,33x
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Mitsuru Saito President, CEO & Representative Director
Kenji Watanabe Chairman
Masato Nakagawa Managing Executive Officer & Head-IT Promotions
Kazutoshi Hamashima Head-Operations & Personnel Strategy
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