CEVA Logistics is announced as the logistics services provider to Bonfiglioli Riduttori
16 June 2009 - 12:40 CET
Milan, Italy, 16 June 2009 - CEVA Logistics, one of the world's leading supply chain companies, has announced the signing a new agreement with Bonfiglioli Riduttori S.p.A., a leading company in the global power transmission market specialized in design, manufacturing and distribution of a complete range of gearmotors, drive systems, planetary gearboxes and inverters. The five year contract extension sees CEVA provide a spectrum of services for the entire inbound logistics chain, from supplier to production line.CEVA will manage inbound transport in three Italian production plants, the materials supply to the production line, organization of domestic and international deliveries and the creation of a configuration kit for Bonfiglioli Riduttori. In excess of 45 million parts will be handled each year, involving 3,600 inbound and 1,800 outbound vehicles.
The customer was searching for a logistics operator that shared their drive for excellence, a very important element in its strategy. "The renewal of the contract with Bonfiglioli Riduttori shows that CEVA has managed to present flexible solutions to meet the customers' needs. We have worked with them during their expansion and business transformation in recent years and showed that we can truly optimize the performance of their logistics activities", commented Gianfranco Sgro, President of CEVA for South Europe, Middle East and Africa.
For more information contact:
Danilo Schipani
T: +39 02 8923 0354
E: danilo.schipani@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 management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. For more information, please visit www.cevalogistics.com.
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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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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 annual and quarterly reports, available on the Company's website. 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. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
