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.
A new facility to offer the best of CEVA’s services to its clients in Cambodia
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.
Southeast Asia, an accelerating and strategic market for CEVA
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.
For additional information please contact:
SVP Investor Relations
+41 41 547 0048
Group Head of Marketing and Communications
+41 41 547 00 52
Tel: +44 (0)208 941 5381
CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs and operates industry leading supply-chain solutions for large and medium-size national and multinational companies. Its integrated network in Freight Management and Contract Logistics spans more than 160 countries. Approximately 58,000 employees are dedicated to delivering effective solutions across a variety of industry sectors where CEVA applies its operational expertise to provide best-in-class services. CEVA generated revenue of USD 7.4 billion and adjusted EBITDA of USD 260 million in 2018. CEVA Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For more information, please visit www.cevalogistics.com.