CEVA Logistics wins United Utilities contract
17 October 2008 - 10:20 CET
CEVA will manage and operate all logistics activities for electricity, water and wastewater servicesAshby de la Zouch, UK, 17 October 2008 - CEVA Logistics, one of the leading supply chain companies in the world, has been awarded a contract to manage procurement, inventory, warehousing and materials distribution for United Utilities PLC, the largest operator of water and wastewater networks in the UK - supplying electricity, water and wastewater services to customers in Northwest England.
CEVA has established a new central warehouse as well as managing 11 satellite depot stores. A team will handle the full range of craftsmen's requirements from electrical plant to cable, valves and pipes. Inventory levels have already been reduced and service reliability improved since the implementation process commenced.
United Utilities spokesperson Greg Holden, Category manager says: "by moving to open book activity based costing, United Utilities can influence their supply chain to maximise material availability whilst optimising the logistics operation with the support of CEVA."
The CEVA Logistics contract also includes round-the-clock emergency cover, 365 days a year. Nick Cullen, Managing Director, CEVA Logistics UK & Ireland says: "We know that it is vital that these systems are operational at all times,and are confident that our experience with other customers in the utility sector will form an effective platform.This experience and our LEAN process engineering approach will enable us to both start effectively and continue to further improve our efficiency for United Utilities."
For more information contact:
Lindsey Randle
number: 01530 568953
lindsey.randle@cevalogistics.com
About United Utilities
United Utilities serves almost three million customer premises and employs 8,000 people. It manages water and wastewater networks in Wales and Southern England and wastewater treatment facilities in Scotland as well as the electricity distribution network in Northwest England and the gas distribution network for the North of England. It provides specialist waste treatment, multi-utility metering and connections services to industry.
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.
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.
