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Ground breaking agreement reached between Tri Petch Isuzu Sales and CEVA Logistics

28 May 2008 - 10:00 CET

BANGKOK, Thailand – CEVA Logistics, one of the leading supply chain companies in the world, has been awarded a contract by Tri Petch Isuzu Sales Co., Ltd., a market leader in Thailand responsible for the sale and distribution of Isuzu pick-ups and trucks throughout the country via a network of over 300 dealers.

As part of the ground breaking partnership, CEVA will implement its best of breed automotive logistics processes and IT systems to manage the distribution of Isuzu vehicles throughout the country. Tri Petch wants their supply chain to operate at global best practice levels and to significantly improve their total vehicle sales operation.  They have selected CEVA the specialist global logistics company to increase the efficiency of their logistics operation.

CEVA manages Tri Petch’s finished vehicle supply chain from the production plants through to final delivery to the dealers.  This includes transportation of the vehicles from Isuzu’s manufacturing facilities in Bangkok and Chacheongsao, 110 kilometres east of Bangkok, to two motor pools, where the finished vehicles are inspected and accessories installed prior to final delivery to the dealers.

On 1st April 2008 CEVA started a process of operational process improvement and re-engineering in order to increase the quality of the logistics operation to world class standards.  A key part of the operational development will involve the establishment of a shared-user finished vehicle logistics network to be used by other automotive OEMs and automotive sales companies. This will improve overall efficiency of the supply chain and provide a highly cost effective operation for Tri Petch and CEVA’s new customers.  CEVA will use more than 100 car carriers to perform the transportation, along with a management and operational team of over 400 staff.

“This is one of the largest automotive logistics contracts in the Thai market and we are delighted to have been selected by Tri Petch. Our key aim is to improve the efficiency of Tri Petch’s vehicle handling operation by implementing CEVA’s best practice LEAN processes and increasing overall control,” said Winfried Kiesbueye, Managing Director, CEVA Logistics Thailand. “This adds a new dimension to our existing automotive services. We are operating over 100 car transporters throughout the country every day and it is an exciting opportunity for us to expand our services,” added Mr Kiesbueye.

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For more information contact:

Matthew Stimpson
Business Development Director
+66 (0)2 665 7500
matthew.stimpson@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.