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The accolade underlines CEVA’s excellent capabilities to successfully manage the telecommunication manufacturer’s operations in Malaysia, and further strengthens its competence in the Technology sector.
CEVA was tasked to provide outbound delivery and domestic warehousing services for ZTE’s Malaysian operations, providing superior freight and contract logistics solutions since mid-2008. ZTE is China’s largest listed telecommunication manufacturer and wireless solutions provider, serving major telecommunication operators across various continents. CEVA is the only logistics company to be awarded as ZTE’s ‘Outstanding Logistics Partner’ in Malaysia.
“We are very proud to work with CEVA to support our Malaysian operations with its state-of-the art facility, and to recognize them as our Outstanding Logistics Partner in Malaysia. At ZTE, we take pride in delivering reliability to meet our customers’ needs. CEVA is an excellent logistics partner to champion reliable delivery to meet our customers’ needs at all times” commented Stelie Wang, Chief Engineering of ZTE Malaysia.
“The award is a fitting tribute to our dedicated teams who put tremendous effort to ensure that we continuously meet ZTE’s logistics requirements. Amidst the current economic outlook, it is the same service commitment that we strive for every day. In addition, with our newly built 350,000 square feet warehouse in Shah Alam, I am certain that we are well-equipped to support customers’ logistics needs with increased efficiency, reliability and quality.” said Mr Michael Yip, Managing Director of CEVA Malaysia.
Today, CEVA works with nine of the top 10 global electronic product companies and is currently one of the leading service providers in the Malaysian freight and contract logistics industry, managing more than 2.4 million square feet warehouse space in over 29 locations.
For media inquiries, please contact:
CEVA Malaysia Crisci Chan
Senior Executive, Marketing & PR
T: +603 7841 9909 - E: crisci.chan[.]cevalogistics.com.
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 forwarding to large and medium-sized national and multinational companies. CEVA employs 56,000 people and runs an extensive global network with facilities in over 100 countries. Following the acquisition of EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion.
About ZTE Corporation
ZTE Corporation is China's largest listed telecommunications manufacturer and wireless solutions provider. Founded in 1985, ZTE Corporation has been listed as an A-Share company on Shenzhen Stock Exchange since 1997. In December 2004, ZTE was successfully listed on the Main Board of The Stock Exchange in Hong Kong, becoming the first Chinese company that held both A shares and H shares. ZTE recorded the contract sales of approximately USD 4.111 billion (RMB 34 billion) in 2004.
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.
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