CEVA Logistics to manage European warehouse for Dr. Scholl's shoes
22 April 2009 - 12:17 CET
The partnership between CEVA and SSL expands
Milan, Italy, 22 April 2009 - CEVA Logistics, one of the world's leading supply chain companies, has extended its partnership with SSL - a consumer brand company managing the leading global brands Durex and Scholl plus a diverse portfolio of locally owned brands. The new contract covers the operation of warehousing activities for Dr. Scholl's shoes for the whole European market.
CEVA has created a European hub for SSL at the Somaglia facility, in the Lombardy region of Italy. At the site, 4,000 square meters will be dedicated to storing Dr. Scholl's products available for distribution centers across the continent. Every year, CEVA will manage around 75,000 parcels on 6,000 pallets on behalf of SSL. Approximately 15% of these parcels are assembled as pick-per-unit directly to customer specific orders.
CEVA's partnership with SSL started in 1989. The Company is fully responsible for warehousing and distribution for the para-pharmaceutical product lines destined for drugstores and retailers. "This new contract is a recognition of CEVA's capability to offer optimal supply chain solutions focused on multinational deliveries", commented Carlo Rosa, CEVA Logistics' General Manager Consumer Division.
For more information please contact:
Danilo Schipani
danilo.schipani@cevalogistics.com
+39 02 8923 0354
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.
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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 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.
