Madrid, 11 April, 2018 – CEVA Logistics, one of the world’s leading supply chain companies, has renewed its contract with ITP Aero for an additional five year period. ITP Aero is a Rolls Royce Group company and the ninth largest aircraft engine and components company in the world. It also provides engineering, research and development, manufacture, assembly and testing of aeronautical engines and gas turbines.
For the last seven years CEVA has been responsible for the full management of ITP Aero’s many logistics activities in Europe, America, Africa and Asia, delivering ground, air and sea services to the company. Under the new contract, CEVA will continue managing the imports and exports, Customs brokerage, warehousing and will also provide value added services.
The operation has doubled in size since the two companies first worked together and will continue to be handled by CEVA from the main ITP Aero plants in Spain, at Zamudio, Barakaldo, Sestao, Ajalvir and Albate, along with several others centers in Mexico, USA, United Kingdom and Malta. All the services offered at the different locations will be coordinated from the CEVA office in Bilbao.
Marco Galbusera, Managing Director of CEVA in Iberia said: “We are extremely proud that the trust ITP put on us continues growing. This renewal shows the excellent service CEVA has provided to ITP over the last seven years and proves how our collaboration has evolved and grown to meet their expanding requirements. This contract extension is not only a joint success story but also illustrates CEVA’s strong expertise and focus on the Aerospace sector in the Iberia cluster and globally.”
Para más información contactar con:
Tel: +44 (0)208 941 5381
CEVA - Making business flow
CEVA Logistics, a leading global asset-light supply chain management company, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 56,000 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.
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 2018 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.