Bangkok, Thailand, 12 November 2009 - CEVA logistics, a leading global supply chain management company, announced that it has been certified by the Transported Asset Protection Association (TAPA). Specifically, this certification is for CEVA’s Finished Goods Hub in Ayutthaya, Thailand.
This certification recognizes CEVA’s high standard of security at a facility with high value goods. To achieve and pass the audit process of the certification, CEVA’s stringent internal controls, record keeping, processes and accountability of its staff were part of the evaluation process.
CEVA has been involved in the technology sector in Thailand for a number of years, operating a ‘24x7 hrs free zone HUB’ in Ayutthaya Hi-tech park - one of the most prominent industrial parks. From here, CEVA offers integrated logistics services to technology clients with global connectivity. In addition, CEVA has a network across the country linking up key parks, the Ocean Port at Laem Chabang and the Suvarnabhumi Airport.
Winfried Kiesbueye, Managing Director of CEVA in Thailand, said, “TAPA plays an important role for our industry. For our customers, this certification demonstrates our commitment to security and protection of their goods at recognized global standards and is part of our ongoing efforts to offer the best services and solutions in the industry.”
Spark Communications - CEVA Logistics (Thailand)
Kasama Tipbumrung / Warangkana Paungsiri
Tel: +66 0-2653-2717-9 Fax: +66 0-2653-2720 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
The Transported Asset Protection Association (TAPA) is an organization made up of security professionals representing high technology companies and related service providers. TAPA works to effect the reduction of losses in the manufacture, transportation and distribution of high technology products. Its purpose is to provide workable solutions for issues that are experienced industry-wide by member companies. This includes sharing experience, processes that are not proprietary to member companies, improving overall security effectiveness in targeted areas and incorporating these processes across the industry to lower the affect of losses due to theft. For more information, please visit www.tapa-asia.org
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, CEVA's substantial leverage, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA's most recent annual and quarterly reports. 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. 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.