Houston, USA, 4 June, 2014 – CEVA Logistics, one of the world’s leading supply chain management companies, today announced that it is expanding its aerospace industry operations at Fort Worth Alliance Airport (AFW). Alliance Airport, owned by the City of Fort Worth, is the world’s first purely industrial airport designed for cargo and corporate aviation.
CEVA currently operates a 150,000 sq ft (13,935 sq m) facility near Alliance Airport which serves as an aftermarket distribution center. The new CEVA facility has 100,000 sq ft (9,290 sq m) of warehouse space and is adjacent to the Alliance Airport runway, permitting chartered flights to taxi directly to the facility for unloading cargo. The operation will also provide Oceanfreight transportation management and other pre-manufacturing support services.
“The expansion of our operations at Alliance Airport is directly related to our objective of providing additional value added services to the aerospace industry, including cost effective manufacturing support,” stated Kim Wertheimer, Executive Vice President of CEVA’s global Industrial sector. “CEVA’s leadership in the Automotive sector has proven quite valuable to large aerospace customers who seek to enhance their manufacturing strategies by leveraging best practices in material management. This facility takes that capability to the next level for aerospace.”
Pre-manufacturing support at the new facility also brings a broader capability consistent with the aerospace industry’s emphasis on global collaboration among suppliers and partners. The new facility is slated to open 1 July, 2014.
For more information contact:
Kay Hart, CEVA
T: +1 281 618 3292
CEVA - Making business flow
CEVA, 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 44,000 employees in more than 170 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 2014 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.