CEVA - Electrolux: an increasingly broad and deep-rooted partnership
08 September 2008 - 16:58 CET
New contract consolidates a partnership begun in 1992MILAN, Italy, 08 September 2008 - Electrolux Professional, a world leading supplier of total solutions of professional food-service and laundry equipment, has reconfirmed its faith in CEVA Logistics, one of the leading supply chain companies in the world, by renewing and broadening the terms of the current contract. The renewal will extend the transportation services to cover the whole of Italy in addition to the collection and direct delivery services to the end customer. The agreement also entails all other standard warehouse activities such as the reception of goods and checks on their integrity, product storage, the preparation of orders and the management of returns.
Besides this, the partnership involves the complete management of the production of the Pordenone warehouse for the outbound movement of around 450,000 pieces of inventory a year. To guarantee that products are suitably protected against damage, made-to-measure wooden packaging will be produced to attend a special request made by Electrolux.
The partnership between CEVA and Electrolux Professional began in 1992 with an agreement to use CEVA regional distribution platforms for the delivery of products to end customers in various areas of Italy. "We are delighted to renew our contract with Electrolux Professional, a development that once again highlights the level of satisfaction of our customers. Today we further strengthen this extremely valuable partnership, initiated over 15 years ago, thus consolidating CEVA's role as Electrolux's privileged logistics partner for warehouse management and distribution across Italy" - commented Carlo Rosa, General Manager of the CEVA South Europe Middle East and Africa (SEMEA) Consumer Division - "The know-how we have acquired over the years has made us an industry leader and enables us to provide a reliable and high quality service right the way across the supply chain".
Part of the Electrolux Group, a world leading international appliance company, Electrolux Professional boasts over 3500,000 employees, over 950 retailers, and more than 1000 certified service centers across the world with a turnover of 1768 million euro in 2007.
For more information contact:
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.
