Thai Steel Cable chooses CEVA Logistics
21 April 2009 - 10:45 CET
Bangkok, Thailand, 21 April 2009 - CEVA Logistics, one of the world's leading supply chain management companies today announced it has been selected by Thai Steel Cable Public to be its logistics provider in Thailand. Thai Steel Cable is the leading automobile steel control cable manufacturer in South East Asia, supplying up to 30 million items to the largest car and motorcycle producers in the region. Under the agreement, CEVA will offer warehousing and line feeding services to the customer's production facility at the Amata Nakorn Industrial Estate.
CEVA will employ a team of 80 people on-site providing warehousing, line feeding services and inventory management of more than 7,000 items stored at Thai Steel's 8,500 sq. meters production facility.
Winfried Kiesbueye, CEVA Thailand Country General Manager stated that "The automotive and motorcycle manufacturing industry in Thailand plays an important role in our economy. Thai Steel Cable is one of many parts companies that are looking to CEVA to handle their logistics in a cost-efficient and effective manner. We much look forward to providing best-in-class service to Thai Steel Cable and their customers."
For more information please contact:
Kasama Tipbumrung / Warangkana Paungsiri
Tel: 0-2653-2717-9
Fax: 0-2653-2720
E-mail: joyce@spark.co.th / warangkana@spark.co.th
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.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 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.
