Milan, Italy, 1 July, 2013 – CEVA Logistics, one of the world’s leading supply chain companies, today announced a new three year contract worth more than €5 million with Hydro Building Systems, a global supplier of aluminum with operations in more than 40 countries and activities throughout the value chain, including building systems.Under the contract, CEVA is responsible for handling and distribution activities for Hydro at three of CEVA’s warehouses: Arena Po, in the province of Pavia, covering the regions of Lombardy, Liguria, Piedmont and Valle d’Aosta; Monselice, in the province of Padua, to reach North Eastern Italy, and Zola Predosa, in the province of Bologna, to cover the Emilia Romagna and Tuscany regions.
CEVA receives Hydro’s already pre-labeled and sorted goods, according to addressee and destination, and places them temporarily in stock on cantilevers. CEVA then organizes optimized delivery routes, according to a schedule agreed with Hydro and the geographic footprint of their customer base, using approximately 20 trucks per day.
CEVA manages highly efficient cross-docking activities and ensures timely distribution through its broad and well established network. Hydro relies on CEVA’s international expertise and network as well as its experience in handling unusual products such as extrusions, which are long and thin and can be easily damaged. To manage these products, CEVA’s highly skilled teams use innovative technological systems, such as CEVA MatrixTM, which allows real time visibility of the whole supply chain. CEVA Matrix provides new capability for Hydro as before signing the partnership with CEVA, the company didn’t have full control or visibility of their shipped products.
Antonio Togna, Operations Manager of Hydro Building Systems South East Europe, said: “We decided to adopt a new logistics structure, relying on CEVA because we consider it a leader in our industry. CEVA’s strategically located hubs not only have innovative and fully automated systems but also elements, such as doors flush with the wall, that are useful when handling products that can be easily damaged. As CEVA does, we believe it is important to offer our customers the best levels of service and the optimization of our logistics network will allow us to reach even higher levels of customer satisfaction, increase efficiency and reduce costs.”
Antonio Marsilio, BD Director for Automotive and Industrial, CEVA in Italy, said: “We are proud to have signed a partnership with Hydro Building Systems. We provide them with the most experienced and highly trained teams, able to properly handle these sophisticated products, preventing any damage. This experience allows us to implement cutting edge solutions, while adapting them to the specific needs of the customer. Our teams will work in collaboration with Hydro to schedule an efficient product distribution calendar, applying CEVA’s successful business approach based on continuous improvement and Operational Excellence at all stages of the operation.”
For more information contact:
Danilo Schipani, CEVA
Media Relations, Italy
+39 02 8923 01
[email protected]
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
Hydro Buiding Systems
Hydro is a global supplier of aluminium with activities throughout the value chain, from bauxite extraction to the production of rolled and extruded aluminium products and building systems. Based in Norway, the company employs 22,000 people in more than 40 countries.
Hydro Building Systems, part of Hydro, is a supplier of energy-efficient façades enabling high-performing buildings, zero-energy buildings and even some showcase energy-positive buildings. We have activities all over the world and are known in the market under the brand names Wicona, Technal and Domal.
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.
