Madrid, 1 February, 2018 – CEVA Logistics, one of the world’s largest supply chain management companies, has opened a new multiuser warehouse in central Spain.
The new site is located at Alovera, an industrial area, 50 km north east of Madrid. The facilities comprise 16,300 sqm, in total with 400 sqm office facilities, and almost 16,000 sqm of warehousing space, and will eventually contain the operations of several customers. Expert teams, experienced in operating multi-user warehouses have already been moved into Alovera to provide customers with the highest service standards. It's location next to the A-2 motorway and close to the A-1 make it easy for customer goods deliveries and dispatch.
CEVA already has a number of other multiuser centers in Spain, including at Subirats, in Catalonia, and in the Ontigola area south area of Madrid. Over their years of operation multiuser facilities have proven the benefits of these kinds of warehouses to CEVA customers through synergies, flexibility, better handling peak seasons and the operational knowledge of the staff employed there.
The opening of this new multiuser warehouse is a key part of CEVA's growth strategy across Iberia. It is also the first step of a strategic process of positioning CEVA in the area north of Madrid, where previously it had no presence and will enable the company to expand its plan to continue expanding in the near future. Its easy connections to the Spanish motorway network provide simple connections to both Madrid and Barcelona. The operations of an existing customer have already been successfully implemented at the new Alovera site, and the future locating of existing and new customers is well under way.
Marco Galbusera, Managing Director of CEVA in Iberia, said: “I am very excited about the opening of this third multiuser warehouse. We had been waiting for the perfect opportunity to expand our capabilities to offer excellence, synergies and competitive advantages to our customers and the north of Madrid was the key to this because of its strategic geographic position. This new site highlights our commitment to the Spanish market and we expect to continue the expansion over the coming years.”
For more information contact:
Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
T: +44 (0)208 941 5381
or
Noemí Esteso
CEVA, Iberia
+34 913 343 154
noemi.esteso@cevalogistics.com
CEVA - Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 41,000 employees in more than 160 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.
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This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2018 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. 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, which investors are strongly encouraged to review. 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.
