CEVA Logistics wins contract with Real Hypermarket in Turkey
23 September 2009 - 11:05 CET
Istanbul, Turkey - 23 September 2009 - CEVA Logistics, a leading global supply chain management company, today announced the signing of a contract in Turkey with Real Hypermarket, a member of Metro Group - one of the most important international retailing companies.CEVA will take charge of Real Hypermarket's supply chain, managing and handling activities from its warehouse in Hadımköy. The logistics operator will dedicate almost 4,000 square meters to Real and will provide warehouse staff and equipment. CEVA will also manage the logistics operations for a new Real store that will be opened in Istanbul. Six trucks and two light trucks will ensure 24 hours deliveries to Real stores.
Real developed the successful concept of a self-service, retail hypermarket. The company operates 343 hypermarkets in Germany and 96 stores in Poland, Romania, Russia and Turkey. This summer, Real plans to enter the Ukrainian market. The selling space of Real stores ranges from 5,000 to 15,000 square meters, offering store assortments with up to 80,000 items.
Aslan Uzun, CEVA Logistics General Manager in Turkey & Balkans, said: "Real chose CEVA as one of its logistics partners thanks to its ability to offer an excellent, all round service. Working with eight out of the top 10 global retailers, we have gained extensive knowledge of the FMCG sector's logistics requirements. CEVA has the competency and expertise needed to improve the flexibility and efficiency of Real's supply chains in order to quickly meet consumer demands."
For more information contact:
Murat Kurtay
+90 216 633 44 44
murat.kurtay@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 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.
