CEVA’s CEO, Xavier Urbain, opens new South East Asia headquarters at West Hub in Singapore

09.03.2015 / 14:54

West Hub facility home to new City of Energy, Singapore, and Center of Logistics Excellence

Singapore, 9 March, 2015 - CEVA Logistic, one of the world's leading global supply chain management companies, today held the opening of its West Hub, CEVA's largest facility in Singapore and the new headquarters for South East Asia, attended by CEVA's CEO, Xavier Urbain. The West Hub occupies 48,000 sq m of warehouse and office space, with more than 300 personnel serving multi sector customers at the facility.

CEVA's CEO, Xavier Urbain, said: "I am very pleased our footprint is growing in South East Asia, and particularly in Singapore, as a strategic hub in Asia and a conduit for world trade. This is an investment we are making in Asia to strengthen our presence and address the growth potential here. It is estimated that by 2020,* more than 50% of the world's middle income will come from Asia. This presents both opportunities and supply chain challenges for businesses. CEVA is well placed in this part of the world to support our customers' business growth." 

City of Energy, Singapore

At the same event, CEVA announced the launch of its City of Energy in Singapore located at the West Hub. The City of Energy is a fully dedicated hub for the warehousing, cross docking, flow management and handling of Oil and Gas products and services for the Energy sector.  
The energy hub, covering a total warehouse space of 26,000 sq m and over 5,000 sq m open yard space for energy customers, is well located with easy access to Jurong port and major highways. The City of Energy, Singapore will serve CEVA's energy sector customers, many of whom use Singapore as a regional base for their Oil and Gas operations in  Asia.  

CEVA's Executive Vice President for South East Asia, Elaine Low said: "Singapore is a key transhipment hub for many Energy players in the industry, given its strategic location in Asia and its excellent network, domestically and internationally. It is a natural choice for CEVA to set up a City of Energy in Singapore for this reason. We have dedicated Energy specialists, equipped with both the knowledge and operational capability to serve the needs of our customers at the energy hub. From supply chain management to project cargo and compliance, CEVA has proven experience in delivering unparalleled expertise to our energy customers  across the globe."  

The energy hub features high floor loading capacity of 30-35kn/m2, VNA space, special cargo containment area, RF material handling and processing, heavy lift services, and warehouse management systems, as well as modern offices for customers to operate directly in the energy hub, be close to their warehouse operations and increase their operational efficiency.   

CEVA pioneered the City of Energy concept initially in Dubai, United Arab Emirates, in mid-2014, a first-of-its-kind multi user operation dedicated solely to the oil and gas market.   The hub is strategically located in the Jebel Ali Free Zone in Dubai and has served as a catalyst for the growth and expansion of CEVA's market presence in the Middle East. 

Footnote: * Source from DBS Asia 2020 reports 

For more information contact:

Wen Dee Foo, Director, Marketing and Communications, CEVA, South-East Asia
+65 65072708
Pilot Marketing
Derek Jones dj@pilotmarketing.co.uk
Cathy Howe ch@pilotmarketing.co.uk
London, UK
+44 20 8941 5381

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 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

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 2015 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.