Houston, USA, 21 March, 2016 – CEVA Logistics, one of the world’s leading global supply chain management companies, today announced a renewal and an expansion of its services to the Ford Motor Company in which CEVA will provide container management, deconsolidation, metering, sequencing, transportation and inventory control for Ford’s Louisville Assembly Plant (LAP) in Louisville, Kentucky.
CEVA has served Ford LAP as a Manufacturing Support Center (MSC) provider for the past four years.
CEVA will renew services to include metering, small lot logistics, return container management and just in time transportation to and from the plant. CEVA will also expand its services to provide sequencing to the line various parts in color/type order for ease of installation. CEVA will be investing in improvements to its current facilities by adding capacity in the form of an additional facility and equipment at the LAP site to better serve Ford.
“It is exciting to renew and expand our manufacturing support services to Ford in Louisville. We appreciate this commitment from one of our largest global customers,” said Kerry Zielinski, CEVA’s Vice President of Business Development for Automotive in North America. “The Automotive sector is one of CEVA’s largest and we owe our successes to operational excellence and year-over-year service improvements on Ford’s behalf.”
“We value the relationship we have globally with Ford,” said Antonio Fondevilla, CEVA’s Executive Vice President of the Automotive sector. “We appreciate Ford’s trust in us to provide them with top quality supply chain services assisting day-to-day operational logistics.”
Also in support of Ford, CEVA has recently invested in new facilities in Kansas City and Louisville to support the Kentucky Truck Plant, adjacent to its existing facility – this commenced in July 2015.
For more information contact:
Tel: +44 (0)20 8941 5381
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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.
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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 2016 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.