Definitive Agreement signed for renewal and expansion of ANJI-CEVA joint venture

Shanghai, People’s Republic of China and Hoofddorp, the Netherlands, 31 March, 2017
2017年3月31日;中华人民共和国,上海;荷兰,霍夫多普。

ANJI Automotive Logistics – China's largest automotive logistics provider (“ANJI”) and CEVA Logistics, one of the world’s largest supply chain management companies (“CEVA”) are pleased to announce the signing of definitive agreements to renew and grow their 50/50 joint venture partnership (“ANJI-CEVA Logistics”, originally Anji-CEVA Automotive Logistics) for an additional fifteen years and expand ANJI-CEVA’s business scope to non-automotive contract logistics in China, including Hong Kong.
安吉物流-中国最大的汽车物流供应商(以下简称安吉),与CEVA物流-全球最大的供应链管理公司之一(以下简称CEVA),谨此荣幸地宣布,双方签署最终协议,将各自持有50%股份的合资公司(上海安吉汽车零部件物流有限公司,以下简称“安吉零部件物流”)的合资期限延续十五年,并将业务范围拓展至全中国范围内(包括香港地区)的非汽车合同物流板块。

ANJI-CEVA was the first logistics joint venture officially approved by the People's Republic of China's Ministry of Transport and Ministry of Foreign Trade and Economic Cooperation in 2002*.  Today it is the largest and leading contract logistics provider in China with a strong focus on automotive with a revenue close to US$ 1 billion in 2016 and more than 15,000 employees.  It offers a wide variety of services covering inbound logistics, aftermarket contract logistics, import and export logistics as well as a unique ground transportation network covering more than 400 cities in China.
安吉零部件物流是第一个经由中华人民共和国交通运输部和对外贸易经济合作部,于2002年批准成立的物流合资企业。公司发展至今已成为中国规模最大,首屈一指的汽车物流业务的合同物流供应商,2016年业务收入接近10亿美元,拥有15000多名员工。公司服务范围广泛,提供入厂物流、售后物流、进出口物流,以及为客户度身定制的网络运输服务,覆盖中国400多个城市。

With the renewal, in addition to the automotive sector, ANJI-CEVA will expand its business scope to include non-automotive contract logistics activities across greater China with an initial focus on industrial & aerospace, technology, consumer & retail sectors and e-commerce.  ANJI-CEVA will fully participate in CEVA’s global network and build on contract logistics business that it will acquire from CEVA in China. By leveraging the combination of ANJI-CEVA’s operational expertise, skills, management and its extensive coverage across China, together with CEVA’s customer service model and operating processes, ANJI-CEVA will be able to offer competitive, innovative high quality solutions in China to Chinese and overseas customers.
通过双方此次合资延期,安吉零部件物流的业务范围将从汽车板块拓展至涵盖大中国区的非汽车合同物流,初步拓展包括工业航天、科技、快消、零售和电商等在内的业务领域。安吉零部件物流将收购CEVA中国的合同物流业务,并积极参与CEVA全球网络的合同物流运作。通过安吉零部件物流的专业技术、管理方式以及在中国市场广泛的业务分布,整合CEVA的客户服务模型和运作流程,安吉零部件物流将为在中国的海内外客户提供具有竞争力,高品质的创新型供应链解决方案。

This renewed and expanded partnership is a testament to the confidence of both shareholders in the future of our market-leading joint venture.  The significant expansion of ANJI-CEVA’s business scope into non-automotive sectors will bring clear advantages to both domestic and international customers in China. It is an ambitious and exciting step forward in this long standing and successful collaboration between the two companies which will enable ANJI-CEVA to diversify its revenue sources into other sectors.  Both shareholders express their confidence the ANJI-CEVA joint venture will proceed from strength to strength in the years to come.
此次合资延期以及业务范围的扩展证明双方股东对于合资公司的未来抱有充分的信心。尤为重要的是此次安吉零部件物流业务范围将拓展至非汽车板块,这将为在中国的海内外客户带来显著的优势。此次合作是合资股东双方进一步巩固其长期和成功的合作关系而迈出的大胆而激动人心的一步,也将进一步推动合资公司占领汽车行业以外的市场。双方股东坚信,在未来几年里,合资公司必将更加发展壮大。

The renewed joint venture aspires to become a leading diversified contract logistics provider in China. This aspiration is reflected in the proposed change of its name from “ANJI-CEVA Automotive Logistics Co. Ltd” to “ANJI-CEVA Logistics Co. Ltd
延期后的合资公司力争成为国内领先的多元化合同物流服务供应商。
The renewal and name change is subject to filing with government authorities and renewal of business licenses, which are expected to be completed within the next quarter.
此次合资延期及公司更名事项将在政府机构登记备案,并换领相关营业执照,预计在下一季度内完成。

* JOINT VENTURE HISTORY:
The joint venture commenced in 2002, as ANJI-TNT*, with a view to focusing on the development of the automotive logistics industry in China.  Its core mission has always been to provide world-class contract logistics services by combining the expertise of its two shareholders across all automotive parts logistics functions.
It became ANJI-CEVA Automotive Logistics after the 2006 acquisition of TNT Logistics by the New York headquartered private equity fund Apollo Global Management and subsequent rebranding as CEVA Logistics.
合资公司发展历程:
合资公司(原名“安吉天地汽车物流有限公司”)成立于2002年,始终致力于发展中国汽车物流。一直以来,公司的核心使命是结合股东双方在汽车零部件的专业技能,为客户提供世界一流的物流服务。
2006年,总部位于纽约的私募股权基金阿波罗全球管理公司收购了TNT物流,随后将其更名为CEVA物流,合资公司也更名为“上海安吉汽车零部件物流有限公司”。



For more information contact:
更多信息请联系:


For and on behalf of ANJI-CEVA Logistics:

Qian Qi
qianqi@anji-ceva.com
T: +86 21 25050016

For and on behalf of CEVA Logistics:

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
T: +44 (0)208 941 5381


Anji Logistics, established in August, 2000, is a wholly-owned subsidiary under SAIC Motor Corporation Limited specialized in automotive logistics, it provides automotive logistics service to major domestic/overseas OEMs and auto parts manufacturers. Over the years of development, Anji Logistics challenge itself continuously and keep practice and innovation, has formed six major business fields of finished vehicle logistics, parts logistics, port logistics, shipping and logistics, international logistics as well as information technology which can provide customers with the integrated, technical, network-based and transparent automotive logistics supply chain services.
安吉汽车物流有限公司成立于2000年8月,是上汽集团所属专业从事汽车物流业务的全资子公司,为国内外主要主机厂和零部件厂家提供物流服务。 目前,安吉物流已经发展成为国内最大、国际领先的第三方汽车物流供应商。在多年的发展历程中,安吉物流不断挑战自我,实践创新,形成了整车物流、零部件物流、口岸物流、航运物流、国际物流及信息技术六大业务板块,引进先进物流技术, 打造智能可视系统,为客户提供一体化、技术化、网络化、透明化的汽车物流供应链服务。


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 41,000 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.
CEVA - Making business flow
CEVA物流,世界领先的非资产型供应链管理公司,致力于为大中型公司和跨国公司设计并实施行业领先的物流解决方案。在世界各地,CEVA的业务遍布160多个国家,拥有41000余名员工,其在各领域的集成物流网络具备专业能力,始终不懈地为客户提供一流高效而稳健的物流服务。更多信息请访问:www.cevalogistics.com.


SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, statements regarding industry outlook, ANJI-CEVA’s, ANJI’s and CEVA’s expectations regarding the performance of its business and 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 ANJI-CEVA, ANJI and CEVA operate (including the automotive industry and the airfreight business), risks associated with  operations, fluctuations and increases in fuel prices and risks that each entity will be unable to compete effectively. ANJI-CEVA, ANJI 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.