CEVA Logistics embraces photovoltaic energy in two new warehouses in Italy
31 March 2008 - 10:34 CET
MILAN, 31 March 2008 - The Italian office of CEVA Logistics, one of the leading supply chain companies in the world and a top operator in Italy, will build two new warehouses that will run on photovoltaic panels to produce energy. The panels allow the sun's energy to be directly harnessed without the need for further emissions or fuel, therefore they don't pollute; they demand very little upkeep; last longer, and are recyclable. The two warehouses - with a combined space of 25,000 m2 and the option for expansion - will be located in San Pietro Mosezzo and Pognano and are expected to be ready early next year.
Four million Euros have been invested in building each warehouse, and 8,000 meters of solar panels are planned for each one, with the capacity to produce more than 1 megawatt of power. This power is double what the warehouse requires. Therefore, the additional energy will be transferred to the national grid, further contributing to the quality of the environment.
CEVA manages more than 120 logistics sites in Italy, with a combined space of around 2 million square meters. The investment is part of a corporate policy of a future of ‘eco-friendly' choice. "CEVA confirms attention to excellence with this choice, not only in providing its customers with services, but also in producing electrical energy. We believe that operators like those involved in logistics and transport must be at the forefront in confronting environmental issues, which today is the number one threat for the future of our planet" commented Gianfranco Sgro, Chief Operating Officer and Managing Director of CEVA Logistics for South Europe, Middle East and Africa. "Through our committed choices, we hope to be an example for other companies, both within and beyond our sector. In these cases, having like-minded policies is the best way to help the world in which we live and so improve our quality of life."
For more information:
Sara Faravelli
Marketing & Communication Manager
+39 02 89230270
sara.faravelli@cevalogistics.com
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
