CEVA Logistics to operate Regional Distribution Center in Poland
14 October 2008 - 10:14 CET
The 15,000 square meters Center in the Polish town of Słubice will supply North-Eastern GermanyFRANKFURT, Germany, 14 October 2008 - CEVA Logistics, one of the leading supply chain companies in the world, has been chosen to operate a Regional Distribution Center (RDC) for BMW in the Polish special economic zone town of Słubice, close to the border with Germany. CEVA will deliver tailor-made supply chain solutions for BMW.
Starting this month, the 15,000 square meters RDC will handle the receipt and warehousing of incoming goods and quality control for automobile spares. The storage of small quantities of dangerous goods will also be administered in accordance with the legal provisions. Products retained in the Center will be supplied to automobile dealers in North-Eastern Germany. Other logistics services are expected to be expanded at various levels in 2010.
"We are delighted that BMW has decided in favor of CEVA Logistics and our outstanding logistics services", says Jens Müller, managing director of business development at CEVA Logistics.
For more information contact:
Paula Satink
Paula.Satink@cevalogistics.com
+ 31 23 568 3492
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 56,000 people and runs an extensive global network with facilities in over 100 countries. Following the acquisition of 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.
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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.
