FIAT Auto appoints Joint Venture of TNT Logistics and Arvil as sole operator
16 May 2003 - 09:17 CET
Fiat Auto has decided to award the Inbound Logistics activities (material and components transport, handling and assembly line feeding) of all Italian plants to a joint venture of TNT Logistics and Arvil as Sole Operator.The aim of this transaction is to optimise and integrate all logistics services and to further improve the planning and management of material flows.
The Sole Operator will be incorporated through a joint venture, 51% of which is owned by the Italian Business Unit of TNT Logistics (a division of TPG N.V., the global Mail, Express and Logistics company) and 49% by Arvil (Arcese & Bonzano Group). In the past, Fiat Auto had three separate service agreements with three independent Logistics providers and outsourced its Inbound Logistics activities respectively to: TNT Logistics, for the plants located in Northern Italy (Mirafiori, Rivalta, Verrone); Arvil, for plants in Termoli, Sevel, Melfi and Termini Imerese; Logint for the Pomigliano and Cassino plants.
The joint venture parties TNT Logistics and Arvil recently acquired each 50% of the shares of Logint. Both parties will contribute their shares in Logint to the joint venture. The joint venture will have 3,500 employees and an annual revenue of around Euro 250 Million.
TNT Logistics will play a proactive role in the project of optimising and integrating all of the logistics services, which will require substantial reengineering of the supply chain and the integrated management of material flows.
The guidelines of this project were presented today in Turin in a meeting between Fiat Auto, TNT Logistics, Arvil and the Italian Transport Associations.
The agreement between Fiat Auto and the prospective joint venture TNT-Arvil has received the approval of the Italian Antitrust Authority.
