Addition of specialist Chemical Storage Area at multi user center located in Ontigola, Toledo
Madrid, Spain, 3 July, 2013 – CEVA Logistics, a leading global supply chain management company, has expanded its services provided at its multiuser Ontigola hub, building a 240 sq m specialist Chemical Storage Area.CEVA built the new Chemical Storage Area in the Ontigola warehouse as part of its commitment to providing best in class services and focus on customers. A team of specialized engineers built the area in compliance with all existing rules and requirements relating to the safe storage of chemical products and risk prevention in the workplace, and the completed area was approved by the relevant authorities.The Chemical Storage Area is an independent fire fighting area separated from the other storage areas by a brick wall. The zone is equipped specialist fire fighting equipment including sprinklers and manholes placed in every door to collect any possible spill of product.
Marco Galbusera, CEVA’s Manager Director in Iberia said: “The building of the first Chemical Storage Area for CEVA in Iberia demonstrates our commitment to meet the needs of customers in this highly regulated market. This investment will allow us to extend our relationships with our customers and will help us to keep growing our footprint in the logistics market.”
Strategically located south of Madrid, the Ontigola site is well connected by the N-IV road and the R4 highway, as well as the planned motorway to Valencia, an increasingly important import hub. A multi user center, like Ontigola, makes use of shared technologies, skills, space and transport, to deliver true value and considerable economies of scale to customers. In the current economy where cost effectiveness is critical for any supply chain, multi user sites offer synergies to meet the most complex needs of customers even in highly regulated and sophisticated markets, like the chemical industry.
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 50,000 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 2013 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.
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