FedEx announces $1.5B investment in France
On October 18, FedEx announced a $1.5 billion investment in France that will double the capacity of its logistics activities at Roissy-Charles de Gaulle.
The investment involves an initial investment of $200 million to expand its existing facility, with the rest of the investment to cover rent over the next 30 years. Construction of a new package sorting facility will begin in the summer of 2017 that will create 200-400 jobs. Set to open in 2019, the facility will makes the FedEx center one of the most advanced express logistics hubs with advanced technolgies to boost packaging sorting capacity.
« The opening of this facility is an additional sign of France’s attractiveness, » said President François Hollande.
FedEx has been active in France since 1985. Since 2011, it has opened stations in France and is now present in 48 French cities. Charles de Gaulle is FedEx’s main European hub and its largest outside the United States. The expansion will make the FedEx Roissy center its second biggest after Memphis, in Tennessee.