CEVA launches Pyramid, a new warehouse in Dubai
20 October 2009 - 11:21 CET
Dubai, UAE, 20 October 2009 - CEVA Logistics, a leading global supply chain management company, has opened an advanced 12,000 square meter warehouse in Dubai.The new warehouse is built with latest technology and has a pyramidal structure to embody CEVA's distinct brand. The Pyramid is located in the JAFZA South Zone, an area that plays a central role in the company's development strategy to improve its regional presence by creating a network of local warehouses. The Pyramid will act as a central hub for all regional clients and will be used for CEVA's Middle East headquarters.
The implementation of CEVA Lean principles in the warehouse's operations will improve processes by minimizing waste and increasing the quality and service provided. The Pyramid has 13 loading bays and will manage products for four key regional customers working in the electronics, fashion and industrial sectors.
Pat McGillycuddy, COO, Economic Zones World, whose group company, Gazeley, designed and built the warehouse, said: "We are delighted to have partnered with CEVA to deliver their latest warehouse in Jafza. We are proud to help facilitate their regional expansion."
Shamsudeen Ahmed, Regional Director, CEVA in the Middle East, said: "We are rapidly expanding our presence in Dubai. We anticipate that our Jafza facilities will grow by a further 65,000 square meters in the next 12 months, taking our total space in the zone to approximately 110,000 square meters."
Gianfranco Sgro, President, CEVA, South Europe, Middle East and Africa, also explained the regional development strategy: "In the Middle East, we are focusing on serving customers in the oil and gas, industrial, automotive and tyres, retail and fashion, technology and hospitality sectors. Thanks to our global experience and technologically advanced services, we can offer a range of smart and customized solutions to meet sectors' individual needs."
For more information contact:
Danilo Schipani
T: +39 02 8923 0354
E: danilo.schipani@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.
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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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 annual and quarterly reports, available on the Company's website. 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. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
