Japan's Sankyu signs agreement with Pos Malaysia
Major distribution company SANKYU INC. (TSE:9065) has struck a business cooperation agreement with POS MALAYSIA BHD, farming out pickup and delivery of parcels for the Sankyu Business Yu-Pack service in Malaysia to the postal service provider. Developed by Sankyu and Japan Post, the small-lot international door-to-door parcel delivery service for businesses is often used by Japanese firms to export parts and import textile products.
* With pickup and delivery offered only in limited areas in Malaysia, the service’s handling of parcels to and from that nation has remained at around 1 ,000 a month.
* Sankyu hopes the tie-up will boost the figure to 10,000 by the end of fiscal 2007.
SUMMARY
Japan’s Sankyu signs agreement to farm out pickup and delivery of parcels to Pos Malaysia
