CEVA Logistics receives Global Premier Supplier Award from Eaton Corporation
08 April 2008 - 09:32 CET
CEVA is recognized as best Logistics provider
CLEVAND, US, 8 April 2008 - Eaton Corporation (NYSE, ETN), a global leading diversified manufacturer, has presented CEVA Logistics with a Global Premier Supplier Award at the annual company event in Cleveland, United States. Eaton offers the award to less than 0.05% of its global supplier base as recognition of their appreciation for consistent delivery of high quality service. Following a robust selection process, CEVA was recognized for its excellence in the Logistics category.
According to CEVA's Global Key Account Director Jurrie-Jan Tap, "CEVA has operations in five continents contributing to Eaton's success and we are very proud to be selected amongst this year's winners. I think that the highlights in our cooperation in this last year were our Lead Logistics Provider agreement in Asia Pacific and our expanded relationship in Brazil, where we were granted additional business contracts as well as an Eaton Latin America Supplier Excellence award. The award motivates us to continuously deliver quality to Eaton in our operations in all countries in which we offer transport, freight management or warehousing solutions for this global customer".
Jerry Riordan, CEVA Chief Operations Officer for Contract Logistics activities in the America's, adds that "winning this award tells us that our approach to servicing our Key Accounts through an integrated global program really enables us to give Eaton the global service they demand. I am pleased to see so many of our global operations working together to develop lean and innovative solutions."
Richard D. Holder, vice president for Eaton's Business System said that "these are the best amongst thousands of Eaton suppliers around the world in terms of quality, productivity, innovation and technology".
For more information, please contact:
Paula Satink
Senior Public Relations CEVA Logistics
+ 31 23 568 3492
Paula.Satink@cevalogistics.com
Kelly Jasko
Manager, External Communications Eaton
+1 216 523 5304
kellymjasko@eaton.com
About Eaton
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 70,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.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 http://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.
