Smart solution includes International and Domestic Supply Chain Services
ASHBY DE LA ZOUCH, 6 May 2008 – CEVA Logistics, one of the leading supply chain companies in the world, has signed a contract with KAB Seating – the UK subsidiary of the global organisation of Commercial Vehicle Group (CVG) - to manage international shipping activities of inbound and outbound freight transported to and from the UK. CEVA also takes control of KAB Seating’s UK collection and distribution activities.
KAB Seating is part of the Construction division of CVG. The company specialises in the manufacture and supply of comfortable, practical work seats for various types of vehicles. The company’s world leader status comes from the many years of experience within seat design, development and production. Seats are supplied to the commercial, construction, agricultural, industrial, mining, bus/coach and mobility sectors. KAB Seating has developed a world-wide distribution network. It also has operations in China, North America, Sweden, Belgium, Australia, North America and France. The KAB Seating UK headquarters employs over 700 people and covers an area of 21,000 square metres.
The smart solution CEVA is providing to KAB Seating includes supplier liaison and collections, and distribution of products to KAB Seating’s UK customer base. The contract will operate from KAB Seating’s manufacturing plant in Northampton, where CEVA operates a number of shared-user and dedicated vehicles.
“Working with CEVA will enable us to introduce a number of efficiencies across our operation. We now have better visibility of our inbound supply chain and are able to extract maximum value from this flow of materials,” said Gordon Boyd, President CVG Global Construction.
“CEVA Logistics is delighted to work with KAB Seating to manage their supply chain. By providing KAB Seating with freight management and logistics services, KAB is able to optimise CEVA’s complementary end to end supply chain service. The contract has also enabled CEVA to strengthen its UK position in the automotive market, where we have already played a significant role for many years,” said Rob McWhirter, Managing Director, Business Development, CEVA Logistics.
CEVA works in partnership with KAB Seating in a number of markets. In Australia CEVA manages container shipments; and in China CEVA provides container shipment collections/consolidation services for onward despatch of KAB Seating’s products to the UK.
For more information contact:
Lindsey Randle
Communications Officer
+44 (0)1530 568709
Lindsey.Randle@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.
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.
