CEVA extends successful partnership with Transitions Optical for three years
22 March 2010 - 15:15 CET
Eindhoven, The Netherlands, 22 March 2010 - CEVA Logistics, a leading global supply chain management company, has renewed its partnership with Transitions Optical, the international market leader in the field of photochromic lenses, for a further three years.CEVA currently operates the EMEA distribution center which consolidates goods from four global manufacturing plants and distributes them to labs and opticians across Europe. The decision to extend the partnership was based on the excellent and consistent performance CEVA has demonstrated during the last seven years of the relationship.
Stephen O'Leary, EMEA Supply Chain Director of Transitions Optical said: "Transitions Optical is delighted to continue its partnership with CEVA. With CEVA, we are partnering with a 3PL whose focus on continuous improvement and agility in the supply chain support our business' goal of meeting and exceeding our customers' expectations. This partnership ensures that we can continue to deliver outstanding service to our customers, and are flexible to adapt to the rapidly changing market."
Pierre Girardin, CEVA's Managing Director for France, Benelux, and Nordics said: "We are very proud that Transitions Optical has extended its contract with us. Over the last seven years we have worked with them to constantly improve their supply chain operations, playing a key role in delivering their growth strategy. A flexible and scalable logistics solution, supported by an integrated and end-to-end capability, is critical to ensuring that Transitions Optical can respond quickly to take advantage of changes in the market, whilst keeping cost at a minimum."
For more information contact:
Marie-Claire van Mourik
+31 345 545347
marieclaire.van.mourik@cevalogistics.com
CEVA ‐ Making Business Flow
CEVA Logistics provides world class supply chain solutions for large and medium‐size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA's integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of €5.5 billion. For more information, please visit www.cevalogistics.com.
Transitions Optical
Transitions is the number one manufacturer of eyecare professional-recommended photochromic lenses in the world. Transitions Optical was founded in 1990 and has manufacturing and sales offices located across the globe. Today, Transitions Optical employs over 1,200 workers worldwide and has partnerships with nearly a dozen lens manufacturers to offer more than 100 lens options in the fastest-growing categories of lens materials and the most popular lens designs.
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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.
