CEVA launches new eco-sustainable warehouse in Martinengo
23 October 2009 - 15:41 CET
New warehouse to reduce CO2 emissions by 840,000 kg a year
Italy, Milan, 23 October 2009 - CEVA Logistics, a leading global supply chain management company, has launched a new eco-sustainable logistics warehouse in Martinengo, Bergamo, Italy, which will be dedicated to technology customers.
The Martinengo warehouse, 45,000m2 in size, will produce approximately 1,600 MWh a year - the consumption needed to generate electricity for around 450 households - saving approximately 840,000 kg of CO2 emissions every year.
The structure's photovoltaic installation is made of 5,300 panels and corresponds to a surface area of approximately 10,000m2. The warehouse includes solar panels which will produce hot water as well as rainwater harvesting tanks for land irrigation. The building is also equipped with low consumption electrical systems with twilight and movement sensors.
The warehouse was developed with FAP Investments s.r.l., which specializes in the real estate logistics sector and with FAP Energy s.r.l., whose mission is to develop high efficiency and up-to-date photovoltaic systems in the renewable sources field. The investment for the photovoltaic installation of the Martinengo warehouse totaled €8 million.
FAP Energy currently produces 5.5MW of energy for CEVA. By 2010, it intends to supply an additional 2MW of energy for CEVA.
Fausto Ferrari, President, FAP investments, said: "FAP Investments' decision to work with CEVA was in recognition of CEVA's prerogative to listen to the customer's request for sustainable supply chain processes. By prioritizing green initiatives, CEVA is leading the market."
Gianfranco Sgro, President, CEVA in Southern Europe, Middle East and Africa, said: "CEVA has developed a strategy of targeted and intelligent eco-sustainable initiatives, with the goal of combining excellent logistics performance which respects the environment. This will enable us to reach an energy break-even point. By 2010, autonomous electricity production will fulfill the requirements of over 9,000 people - approximately the same number of CEVA employees in the SEMEA Region."
CEVA continues to develop its sustainable investments across the global network and this warehouse joins seven other eco-sustainable structures that CEVA has, or, is in the process of developing in Italy by next year. These structures will hold an overall surface area of 250,000m2 and will generate over 10,000 MWh of photovoltaic energy, collectively enabling CEVA to reduce CO2 emissions by 5.5 million kg every year.
Most recently, CEVA opened a 55,000m2 eco-sustainable structure in Ontigola, Spain and is also set to open a 60,000m2 eco-sustainable warehouse in Dubai by 2010.
For more information contact:
Danilo Schipani
T: +39 02 8923 0354
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.
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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, CEVA's substantial leverage, 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's most recent annual and quarterly 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.
