CEVA launches TechCity in Italy

  • New green warehousing multi-user hub dedicated to electronics sector

Milan, Italy, 8 July, 2014 – CEVA Logistics, one of the world’s leading supply chain companies, today announced the launch of TechCity in Italy. The hub, which covers an area of 90,000 sq m, is strategically located in Pognano, in the province of Bergamo, and is fully dedicated to the warehousing, handling and cross docking of products for the electronics sector.

CEVA believes that the future of supply chain in Italy is focused on a collaborative approach; sharing infrastructures, networks, people and processes through sector-focused multi-user hubs, enabling customers to face market fluctuations, create savings and provide high service levels. TechCity is the third step of CEVA’s approach in Italy, after the launch in 2010 of the City of Books and the City of Pharma in 2013, two multi-user hubs dedicated to the publishing and healthcare sectors that deliver operational efficiencies.

This innovative TechCity hub is at the heart of an integrated European logistics network, providing access not just to the whole of Italy, but to other markets throughout Europe. The site location offers a central position for national logistics flows and it is also closer to a new highway which provides access to Northern Italy.

"We decided to create a sector focused multi-user hub to share knowledge and innovation, optimizing transport flows and productivity," said Giuseppe Chiellino, CEVA’s Managing Director, Italy. "In the current economic climate, CEVA’s collaborative approach can be a strategic logistics solution for electronics companies, supporting them in designing innovative logistics processes and driving cost out of the supply chain."

"The launch of this hub reinforces CEVA's leading presence in the Italian logistics market and our commitment to providing unique solutions to the electronics industry. We also continue to implement our strategy of creating specialized multi customer logistics hubs that deliver true value and considerable economies of scale," added Antonio Ascari, CEVA’s VP Business Development, Italy. "

CEVA’s TechCity provides real benefits for customers in term of productivity, high levels of service and sustainability. For electronics companies, this means reduced costs and greater flexibility in their supply chain. Through this hub, CEVA offers comprehensive coverage of all supply chain activities including the consolidation of small pieces, Full Truck Load (FTL) transport, technical courier services and a security system specifically designed for this sector.

TechCity showcases CEVA’s commitment to green warehousing as the hub is equipped with a photovoltaic system that will produce 3,200 MWh per year, equivalent to the annual consumption of 1,200 homes, saving on average about 170 tons of CO2 emissions.

For more information, contact:

Emiliano Taccini, CEVA, Italy 
+39 02 89230 571
Emiliano.Taccini@cevalogistics.com

CEVA - Making business flow
CEVA, 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 44,000 employees in more than 170 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 2014 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.