CEVA Logistics wins contract with Aston Martin
23 April 2009 - 11:28 CET
CEVA to provide inbound supply chain activities and manufacturing supportASHBY DE LA ZOUCH, 23 April 2009 - CEVA Logistics, one of the world's leading supply chain companies, has reached an agreement with Aston Martin - a manufacturer of luxury, high performance sports cars. CEVA will manage the full inbound supply chain including manufacturing support on behalf of Aston Martin.
CEVA's solution incorporates domestic, European and international transport. The logistics operator will also be responsible for managing a storage facility at Aston Martin's Gaydon production plant and a dedicated 120,000 sq ft warehouse at Banbury, Oxfordshire. CEVA will, in addition, handle sequencing, kitting and line feeding operations incorporating JIT (Just In Time), production line parts replacement based on the KANBAN concept, and LEAN principles. LEAN is at the centre of the CEVA Logistics Operations Excellence strategy which also includes Smart Solutions - the customisation of standard solutions to fit customers' needs while benefiting from best practice experience - , Zero Defect Start Ups and Global Standard Metrics.
"CEVA Logistics is one of the leading logistics companies in the UK automotive sector. We are delighted to provide Aston Martin with a responsive supply chain solution. The contract has enabled CEVA to re-enter the UK's automotive car assembly market, a sector in which CEVA holds a dominant position globally," comments Nick Cullen, Managing Director, CEVA Logistics UK & Ireland.
For more information contact:
Lindsey Randle
Communications Officer
+44 (0)1530 568709
Lindsey.Randle@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.
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.
