CEVA Logistics Awarded Renewal of Inbound Manufacturing Contract for Ford
Kansas City, 14 May, 2009- CEVA Logistics, one of the world's leading supply chain companies, has been awarded a contract renewal for the operations of an inbound manufacturing support facility for Ford Motor Company's truck plant based in Claycomo, Missouri. CEVA will take responsibility for the sequencing, bulk replenishment, kitting and container management for both the truck and SUV assembly lines.
The logistics operator will also provide just-in-time transportation of all materials in quick response to the plants specific build needs. A new facility will be added to current operations to support the implementation of the Lean program - a methodology to realize efficiency and quality through waste reduction based on sustainable and continuous improvements. The contract renewal will allow CEVA to maintain over 100 employees in the Kansas City area.
We're pleased to have been awarded this important strategic business by Ford Motor Company to support this multi-platform manufacturing plant, said Kerry Zielinski, Vice President Automotive Business Development, CEVA Logistics. Our efforts to save Ford Motor Company significant cost involved a six month timeline of analysis. We feel proud of the work done by our logistics team enabling us to offer Ford an optimal solution.
CEVA Logistics has received three unique Q1 awards from the Ford Motor Company for various truckload and fleet transportation operations in the United States and Canada. The Q1 Award is the highest honor attainable for Ford's preferred suppliers. The award recognizes suppliers who have achieved a sustained level of excellence in customer satisfaction, while meeting Ford's systems and results requirements in quality, delivery and management. In addition, suppliers must have endorsements from Ford's key customers and meet Ford-defined performance metrics.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 205,000 employees and about 90 plants worldwide, the company's wholly owned automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com
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 €6.3bn. For more information, please visit 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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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. 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.
The logistics operator will also provide just-in-time transportation of all materials in quick response to the plants specific build needs. A new facility will be added to current operations to support the implementation of the Lean program - a methodology to realize efficiency and quality through waste reduction based on sustainable and continuous improvements. The contract renewal will allow CEVA to maintain over 100 employees in the Kansas City area.
We're pleased to have been awarded this important strategic business by Ford Motor Company to support this multi-platform manufacturing plant, said Kerry Zielinski, Vice President Automotive Business Development, CEVA Logistics. Our efforts to save Ford Motor Company significant cost involved a six month timeline of analysis. We feel proud of the work done by our logistics team enabling us to offer Ford an optimal solution.
CEVA Logistics has received three unique Q1 awards from the Ford Motor Company for various truckload and fleet transportation operations in the United States and Canada. The Q1 Award is the highest honor attainable for Ford's preferred suppliers. The award recognizes suppliers who have achieved a sustained level of excellence in customer satisfaction, while meeting Ford's systems and results requirements in quality, delivery and management. In addition, suppliers must have endorsements from Ford's key customers and meet Ford-defined performance metrics.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 205,000 employees and about 90 plants worldwide, the company's wholly owned automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com
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 €6.3bn. For more information, please visit 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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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. 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.