CEVA turns on the power
03 November 2008 - 11:17 CET
CEVA chosen to manage the supply chain of the largest interconnected electricity network in
Western Australia
MELBOURNE, AUSTRALIA, 3 November, 2008 - CEVA Logistics, one of the leading supply chain companies in the world, today announced the signing of a new contract to provide integrated logistic services to Western Power. Western Power operates one of the largest isolated electricity networks in the world, comprising over 88,000 kilometres of power lines that supply power to almost 900,000 properties across a broad geographic area in Western Australia, including the metropolitan area of Perth.
The Managing Director of CEVA Australia, Mr Howard Critchley says that the new partnership further strengthens CEVA's service capability, infrastructure and network in Western Australia and will encompass the provision of warehousing services, materials handling and transportation operations.
"Importantly, as part of the service solution for Western Power, CEVA will manage a range of specialised and often heavy goods such as transformers, cable, street lighting, and telecommunications equipment under controlled conditions for short and long periods", explained Mr Critchley.
Western Power's Managing Director, Mr Doug Aberle says that the new partnership will deliver improved customer service and provide an integrated transport and logistics solution for intrastate services to Western Power depots and construction sites.
"In addition, CEVA's focus on achieving operational excellence has already seen development of a framework that clearly defines specific quality and service levels to ensure that the operation not only gets off to a good start, but that it is also continually improved upon", concluded Mr Aberle.
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. 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 filings with the Securities and Exchange Commission. 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. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
