Singapore, 22 August, 2013 – CEVA Logistics, a leading global supply chain management company, today announced the start of operations for its new logistics center in Singapore, located strategically in the eastern part of the island with easy access to the expressways, airport and major seaports.
CEVA’s new logistics center is housed in the 42,000 sq m state-of-the art multi user warehouse facility located at Tampines LogisPark. This new logistics center is the signature facility for CEVA in the Asia Pacific region to showcase its commitment to sustainability with LEED (Leadership in Energy and Environmental Design) certification and advanced eco-design features for environmental efficiency. CEVA is one of the first 3PL companies in Singapore to achieve the highest level of LEED Platinum accreditation.
Loo Seng Tak, CEVA’s Executive Vice President for South East Asia said: “Singapore is a strategic regional hub for CEVA due to the country’s excellent network and international connectivity. This new logistics center, with the highest green credentials, will enhance our service capabilities to better serve our customers, many of whom have regional operations in Singapore, to meet their supply chain needs. This is a significant investment that strengthens our presence in this market and enables us to offer more innovative supply chain solutions to our customers.”
Liao Chung Lik, Deputy Group Managing Director, C&P Group, developer of the new hub, commented on the partnership with CEVA: “C&P Group is pleased to be given the opportunity to partner with CEVA and jointly develop the new logistics center for CEVA in Tampines. During the development phase, both companies worked closely to ensure that the new facility has the capability to encompass all required features to meet CEVA’s customer needs. Special attention has been given to the specific requirements for aerospace engine logistics, as well as advanced, clean air conditioning systems and other energy efficient design features to qualify this logistics center as a LEED Platinum green mark building.”
This is a single hub with a multi user concept designed to deliver a range of tangible benefits through economies of scale, shared overheads, resources, equipment and best practice processes for customers from various sectors. Among confirmed customers for the site are leading companies such as Rolls-Royce plc, Pearson, the world’s leading learning company, and Pigeon, a leading provider of baby and child care products.
Pearson's Supply Chain Director for Asia Pacific, Sebastian Parkes commented: “CEVA has been successfully managing Pearson’s warehouse operations in Milan. We are very pleased to extend this partnership to the Asia region and leverage Singapore’s strategic location. I am confident that their new well equipped warehouse facility will add to CEVA’s supply chain capability and will ensure they deliver high quality and efficient services to Pearson and our valued customers.”
Mr Isao Kosaka, Managing Director for Pigeon, Singapore also commended CEVA’s green facility as a winning factor in appointing CEVA to provide warehousing services for Pigeon in Singapore. “The hygienic environment and facilities in CEVA’s new logistics center will further increase the efficiency of the handling of Pigeon’s products and enhance product integrity and quality from inbound through to distribution.”
The advanced environmentally friendly features make the new logistics center in Singapore a unique and innovative green facility. From its design, to layout and materials used, the center is built with eco-sustainability in mind, to deliver lower operating costs, reduce waste and conserve energy and water.
CEVA’s expertise in aerospace logistics is reflected in the specially designed space for engine storage. Due to its close proximity to the airport, the aerospace engine storage facility is equipped with industry leading technology and layout to meet very specialized requirements of this industry sector and optimize companies’ supply chains.
The new state-of-the-art facility aims to boost CEVA’s footprint in Singapore and reinforces the importance of Singapore’s strategic location connecting Asia and the rest of the world with its world class transportation networks. This is a new addition to CEVA’s existing network of 10 Contract Logistics and Freight Management sites across Singapore.
For more information contact:
Wen Dee Foo, CEVA
CEVA - Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees in more than 160 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2013 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. 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, which investors are strongly encouraged to review. 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.