CEVA will manage the logistics of Bayer MaterialScience in Spain
01 June 2010 - 15:52 CET
Madrid, Spain, 1 June 2010 - CEVA Logistics, a leading global supply chain management company, has signed a three year contract, with Bayer MaterialScience, one of the world's largest producers of high performance materials and innovative systems.
CEVA will manage the supply chain of Bayer MaterialScience in Spain for spare parts and chemical products including, coatings, adhesives, sealant systems, polycarbonates, polyurethanes and thermoplastic polyurethanes. All these chemical components are usually used in several industries such as construction and automotive, electric and electronic and to manufacture different type of sports and leisure products. The agreement includes the management of its logistics activities in their plant located in the free trade zone of Barcelona. There, CEVA will receive raw materials, send them on to the manufacturing process and manage warehousing activities for final products.
As part of the contract, CEVA will also take charge of filling the drums (approximately 200kg each) with finished material and preparing orders for product shipments across Europe. In addition, CEVA will send product samples for laboratory analysis and submit a report containing results on product quality to Bayer MaterialScience.
The second awarded contract will see CEVA dedicating 1,000 sq m of its logistics platform in Subirats, near Barcelona, to manage spare parts warehousing and handling activities. The logistics operator will also take charge of transporting spare parts to Bayer MaterialScience's main plant in Spain, situated in Tarragona.
Juan Carlos Nebot, Purchasing Manager of Bayer MaterialScience, commented: "This agreement with CEVA allows us to focus on our core business by outsourcing our logistics activities to a reliable partner; CEVA is a global company, known for its expertise and excellence, and from which we expect high quality solutions and integrated services, ensuring cost effectiveness and great flexibility for our supply chain."
Antonio Fondevilla, CEVA's Business Development Director for Contract Logistics in Spain and Portugal, said: "CEVA and Bayer MaterialScience's teams worked in partnership to design a solution able to satisfy the customer's specific requests and needs. We are proud that a prestigious company like Bayer MaterialScience decided to entrust us with this project. Thanks to our technologically advanced monitoring systems, we can offer complete, real time visibility of the product through the supply chain, ensuring a high level of control and accuracy in managing the customer's shipments and orders all over the world."
For more information contact:
Ángel García Merino
+34 91 384 67 13
Marta López de Cervantes
+34 91 384 67 00
Marketing and Communication Manager
+ 34 93 2675899
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, please visit www.cevalogistics.com.
About Bayer MaterialScience:
With 2009 sales of EUR 7.5 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2009, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.
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 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.