Bangkok, Thailand, 28 May, 2019 – As it is embarking on a new adventure with the CMA CGM Group, CEVA Logistics is also strategically expanding its presence in the emerging Southeast Asia markets with the opening today of its own office in Phnom Penh, Cambodia.
CEVA had already been operational in Cambodia for six years through a network partner, providing freight management services to a number of multinational and local customers.
CEVA has now decided to accelerate its local development with the opening of its own facility, which offers the full range of its global services in multimodal, land transport, sea-air and EPZ / CFS facilities. CEVA is now assuming responsibility for all its network operations and financial services, billings and intercompany settlements there with improved control over the company’s business and expansion of product propositions.
“Cambodia is a country with vast opportunities for growth. And with our longstanding regional expertise and newly opened office, CEVA is well positioned to provide robust logistics solutions that will facilitate rapid business development for our clients and contribute to the development of the logistics sector in the country,” says Russell Pang – Managing Director, Emerging Markets, CEVA Logistics South East Asia Cluster.
CEVA’s operations in the emerging Southeast Asia markets span Cambodia, Bangladesh, Myanmar and Laos. These rapidly emerging economies present considerable growth potential, with Cambodia for instance growing at a pace of 7.1% in 2017 according to the World Bank. This accelerated growth provides significant development opportunities in the transport and logistics sector.