Ideal Standard International chooses newly CEVA as its logistics partner
04 June 2008 - 18:29 CET
The renewal of this contract reinforces a collaboration that began 4 years ago.BARCELONA, Spain, June 4- CEVA Logistics, one of the leading supply chain companies in the world, has renewed the service agreement that links it to Ideal Standard International (ISI), a global company supplier of bathroom solutions tailored for the domestic, commercial, public sector and industrial markets. ISI relies on CEVA to give a boost to the optimization of its operations in Spain, considering as key factors the high level of services currently supplied and the quality of CEVA professionals.
CEVA delivers to ISI integral logistics services, from its dedicated 8.000 square meters warehouse located at the Valencia region, East Coast of Spain. CEVA manages the goods reception from ISI plants in Europe and Asia, the warehouse management, the sorting of products, the inventory, the national distribution and also the reverse logistics of all ISI products, known by its international brands Ideal Standard, Jado, Porcher, Armitage Shanks, Dolomite or Vidima, as well as Sangrá within the Spanish market.
In addition, CEVA will also contribute with a solution to expand the warehouse capacity by opening a new facility in next months. Giuseppe Chiellino, CEVA Contract Logistics Managing Director in Spain commented " We are extremely pleased to have achieved the trust of such an important multinational company. The renewal of this agreement with ISI shows CEVA's high level of competitiveness and skills to manage complex supply chains"
For more information:
Valérie Chevrier
Marketing & Communication Manager
+34 93 516 54 00
Valerie. chevrier@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 forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion. 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.
