Crocs awards CEVA new warehousing contract to manage inbound and outbound distribution in China
SHENZHEN, China, June 5 /PRNewswire-Asia/ -- CEVA Logistics, one of the world's leading supply chain companies, has secured a new contract to manage Crocs' distribution centre in Shenzhen. Under the new agreement, CEVA will handle all warehousing activities and the inbound and outbound distribution, for the footwear retailer in Shenzhen of Guangdong province.
CEVA globally operates approximately 30,000 m2 of warehouse space for Crocs and supports its worldwide transportation. The new contract marks a significant progress in CEVA's partnership with Crocs. Last year the logistics operator was honoured by Crocs as its most supportive logistics partner in China, an achievement that recognizes CEVA's operational capabilities in the consumer retail sector. In addition, last month the exclusive Middle Eastern agent of Crocs shoes awarded CEVA with a contract to manage the manufacturer's logistics services in the region.
Benson Sze, Director of Logistics and Distribution of Crocs China, elaborated, "CEVA has demonstrated excellent management support and competence to fulfil our day-to-day logistics challenges in Asia. It has, once again, proved itself as the better service provider between other logistics players and for this reason, we are confident that CEVA will continue to deliver unparalleled service and commitment to support our operations in Shenzhen."
Chris Pollard, Managing Director for CEVA in South China, commented, "We are very proud of our relationship with Crocs. We greatly value the new contract, not only does it demonstrate our extensive experience of operating in South China, it also cements our position as a trustworthy logistics partner to Crocs."
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 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 euro 6.3bn. For more information, please visit http://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.
For more information please contact:
Felix Lo
Tel: +852-2942-0236
Fax: +852-2401-0220
Email: felix.lo@cevalogistics.com
