CEVA expands Airfreight facility in Malaysia

Kuala Lumpur, Malaysia, 6 November, 2012 – CEVA Logistics, one of the world’s leading supply chain management companies, announced the opening of its expanded Airfreight facility located in Kuala Lumpur International Airport (KLIA) vicinity in Malaysia, as part of the company’s commitment to strengthen its Airfreight operations and better serve its customers.  

The 1,300 sq m facility containing warehouse and office space is strategically located within the KLIA Cargo Village, enabling CEVA to maximize the close proximity to business activity and airport connections within Malaysia and with other countries.

This expanded facility is CEVA’s nerve center in Kuala Lumpur for all its Airfreight related operations including export, import, warehousing, customs brokerage, ground transportation, breakbulk and other value added activities, well supported by over 40 full time employees. The new and expanded space is built and designed with CEVA’s LEAN concept in mind to optimize operational efficiency, at the same time incorporating the best in class industry standard health and safety requirements including TAPA certified warehousing facility.

Tom Kennicutt, CEVA’s Managing Director for Malaysia said: “We are very excited to be able to expand our facility in KLIA with a brand new office and warehouse. This new facility speaks of a strong commitment to enhance our Airfreight services for our customers and we aim to extend our footprint further with new customers, locally and overseas.  This is an important step for CEVA in Malaysia as we continue to build on our strengths in Airfreight and in our integrated capabilities as an end-to-end 3PL provider.“

The new office and warehouse facility was officially opened on 30 October 2012 by CEVA’s Executive Vice President for Southeast Asia, Loo Seng Tak, CEVA’s Managing Director for Malaysia, Tom Kennicutt, and Mr. Mohd Yunus Idris, CEO of MASkargo.

For more information contact:

Wen Dee Foo, Director, Marketing and Communications, CEVA, Asia Pacific
wendee.foo@cevalogistics.com
+65 65072650

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 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion. For more information, please visit www.cevalogistics.com

SAFE HARBOR STATEMENT:
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 2012 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.