Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Fedex to invest $1.54 billion in France to double capacity at Roissy airport

Published 18/10/2016, 10:05
© Reuters. A Federal Express (FedEx) van on delivery is pictured in Paris

PARIS (Reuters) - Package delivery company FedEX Corp said on Tuesday it would invest 1.4 billion euros ($1.54 billion) to double the capacity of its logistics activities at the Charles de Gaulle International Airport in the Paris suburb of Roissy.

The initial investment by the U.S-listed firm will amount to 200 million euros (177 million pounds).

Under the plan, the U.S. group plans to open a new package sorting facility in 2019, creating between 200 and 400 jobs, according to a document handed out during a visit by President Francois Hollande.

The extra 25,000 square metres of space will make FedEx's Roissy centre its second biggest in the world after the one in Memphis in the United States.

Delivery service company TNT Express, which was bought in May by FedEX, also plans to open a new facility in the Parisian region, according to the same document.

© Reuters. A Federal Express (FedEx) van on delivery is pictured in Paris

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.