JAL chooses CEVA as its logistics partner
24 July 2008 - 11:20 CET
The company is awarded a contract to manage the logistics flow tof the world's second biggest professional safety footwear manufacturer
Milan, 24 July 2008 - CEVA Logistics, one of the leading logistics companies in the world, and JAL Group® have sealed a partnership agreement whereby CEVA is to manage JAL's international logistics flows. JAL is the second-biggest company in the world (and leader in Europe) operating in the design, production and marketing of professional safety shoes (5,500 employees, sales of 174 million euro, sales by volume of 10 million units of footwear and a 30% share of the entire European market).
"The strategic challenge of this agreement," said Gianfranco Sgro, Chairman of CEVA for Southern Europe, the Middle East and Africa, "lies in the capacity to provide a real added value in terms of services and results, while simultaneously having to tackle extremely complex situations within the logistics process."
In the framework agreement, all of JAL's logistics will be handled on one platform managed by CEVA in Rivoli (Turin province) - where all collection and dispatching of raw materials will be concentrated. Approximately 650 vehicles will arrive at the depot each year and another 331 will leave for Tunisia, where JAL's main production facility, with 4,800 employees, is located. For distributing the finished product, the Scarmagno (Ivrea) hub will be used.
JAL Group, headquartered in Italy, has commercial offices in France, Spain, the UK, Germany, and Tunisia, and it also reaches markets such as Scandinavia, Eastern Europe, the US and Canada, Australia, North Africa and the Middle East, as part of its rapid and extensive geographic expansion program.
For further information:
Sara Faravelli
Marketing & Communication Manager
+39 02 89230270
sara.faravelli@cevalogistics.com
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 http://www.cevalogistics.com.
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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.
