CEVA recognized as best 3PL supply chain provider in China
17 November 2008 - 09:07 CET
Award by China Supply Chain Council for outstanding operations and services provided to EatonShanghai, 17 November 2008 - CEVA Logistics, a leading global supply chain management company, was recently awarded by the China Supply Chain Council for the best third party logistics (3PL) supply chain provider in China during the 2008 CHaINA event in Shanghai. This is a recognition award for CEVA's successful operations with Eaton Corporation throughout China and the Asia Pacific region. After a rigorous selection and nomination process, the panel of 12 industry experts representing Chaina selected CEVA over other leading nominees, after a successful demonstration of the magnitude, importance and clarity of the benefits to CEVA's customer - Eaton's operations within China.
In April 2007, CEVA was selected as the Lead Logistics Provider (LLP) for Eaton in the Asia Pacific region. Under this LLP program in China, some of its achievements include the successful rollout of CEVA ground network in mainland China for transportation between factories, Eaton entities, and its end-customers; the global freight solutions to and from China; and the various warehouse solutions implemented in Shanghai and Jining cities, as well as Hong Kong. In addition to its systematic control of cost and key performance indicators (KPIs), the LLP program allows Eaton to grow ambitiously in Asia Pacific, while maintaining a flexible supply chain operation. The LLP solution is supported by a dedicated global account management team and its own engineering capabilities. CEVA currently supports the integration of various companies which Eaton has acquired, and leads supply chain integration studies including 26 sites across Asia.
Commenting on the award, Stuart Harrison, Eaton Vice President - Supply Chain Management & Operational Excellence, Asia Pacific said, "We entrusted CEVA as our LLP in the region because the company has significant resources and capabilities in Asia - predominantly in China. CEVA provides us with unique end-to-end visibility through its Matrix IT system and related Asia Pacific control tower functionality in Singapore, which serves as the nerve center for this operation. We thank CEVA for their hard work and look forward to expanding our relationship in China and beyond."
Ditlev Blicher, CEVA Vice President for North Asia added, "This award demonstrates our team's tireless efforts and commitment to operational excellence in China. It is an honor to be recognized by such a distinguished panel of experts in China."
For more information:
May Chng
Marketing & Communication Manager, Asia Pacific
+65 6507 2763
May.Chng@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.
About Eaton
Eaton Corporation is a diversified power management company with 2007 sales of $13 billion. Eaton is a global technology leader in electrical systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has 82,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT, 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.
