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News2005

A new KWE affiliate established in Sweden
2005/12/27

Kintetsu World Express, Inc. ("KWE") incorporated a new affiliate in Sweden on 16 November 2005 for its Commencement
of business as of 1st January 2006.

KWE opened its representative office in Sweden in October 1988 but closed it at the end of December 2001 , while continuing to work with its agency partners.

KWE expects business from automobile and electronics related goods to grow in the Swedish cargo market, and has decided to commence its own operations there. KWE's services in the area will enhance as a result.

Profile of the new KWE affiliate:

Company name Kintetsu World Express (Sweden) AB
Amount of capital 1,500,000 SEK
Principal office address 3rd.Fl. Entrance A, Fraktbyggnaden, S-43814 Landvetter, Sweden
Phone +46-31-934750
Facsimile +46-31-934759
Managing Director Mr. Lennart Adolfsson
Number
of employees
3
Business lines Sales and operations in air and ocean freight forwarding in Sweden
Date of incoporation 16 November 2005
Commencement
of business
1 January 2006
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