NewswireToday - /newswire/ -
Milan, Italy, 2009/03/26 - CEVA Logistics, one of the world’s leading supply chain companies, has consolidated its partnership with Fiat Powertrain Technologies (FPT), a Fiat Group company, leader in the area of mechanical products, components and motors.
CEVA Logistics, one of the world’s leading supply chain companies, has consolidated its partnership with Fiat Powertrain Technologies (FPT), a Fiat Group company, leader in the area of mechanical products, components and motors. CEVA will take responsibility for the management of inbound logistics ranging from goods reception to the transportation of materials and the delivery of motors - as well as value added activities such as kitting and pre-assembly. Fiat Powertrain Technologies is an important player in the international automotive sector, boasting a turnover of around 7 billion euro in 2008 and annual production levels of around 2.9 million motors and 2.4 million gearboxes and axles.
The activities will be carried out at the FPT plant and at an external warehouse in Pratola Serra, in the Avellino province, where 7000 m2 will be dedicated to Fiat Powertrain. It is expected that a total volume of 570,000 motors will be managed in this site every year. CEVA will use over 100 vehicles to achieve the best efficiency in the process.
FTP needed a partner with significant, proven expertise in its sector, which shared the same goal of continual improvement and innovation. CEVA’s ability to provide highly specialized logistics engineering solutions, optimize available resources and raise the overall performance levels of the supply chain was key on the process of account renewal. “The extension of the partnership with Fiat Powertrain is prestigious recognition of the operational quality and excellence achieved by CEVA, which consolidates its reputation as a reliable logistics partner with solid expertise, able to provide solutions in line with the requirements of companies, also at dynamic times in the market such as these” commented Gianfranco Sgro, President of CEVA for South Europe, Middle East and Africa.
About CEVA Making Business Flow
CEVA Logistics (cevalogistics.com) is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn.
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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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. 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.