Singapore 16 January, 2018 – CEVA Logistics, one of the world’s largest supply chain management companies, has further extended its warehousing contract with Colgate-Palmolive in Malaysia. The new three -year deal extends the two companies’ working relationship to more than 18 years together.
The renewed deal involves CEVA managing more than 140,000 sq feet of warehousing covering 14,000 pallet positions in order to deliver distribution, cross border transportation to Thailand and Singapore, imports and exports with local clearances and a valued-added Cross-Dock service in Singapore.
The contract covers home care, personal care and oral care products which are received by CEVA at its Shah Alam facility. Multiple containers with the products are deconsolidated there on a daily basis for onward shipping to both distributors and retailers.
"The renewal of this prestigious contract is testament to our team's ongoing commitment to Colgate-Palmolive," states CEVA's Executive Vice President South East Asia, Elaine Low. "And it's great teamwork which has been the key to our long-term relationship. We really understand their business which enables us to provide continuous improvements in our operations to benefit their business, be that in service innovation or automating the processes involved".
For more information contact:
Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
T: +44 (0)208 941 5381
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.
SAFE HARBOR STATEMENT:
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 2017 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.
