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CEVA Logistics, a leading global supply chain management company, today announced it has renewed its contract for 5 years with MANN+HUMMEL for its aftermarket logistics. MANN+HUMMEL is one of the world's leading manufacturers of filtration and intake systems in the automobile industry.
CEVA has successfully operated at MANN+HUMMEL’s 17,000 square meters storage facility at the Niederaichbach location since 2002, where CEVA received, issued, controlled, cleared, commissioned and packaged several hundred thousand oil and air filters before leaving for use in over 55 countries throughout the world.
"Thanks to a professional integration of CEVA with MANN+HUMMEL's logistical processes during the past seven years, we have improved efficiency and quality and reduced costs. We are therefore convinced that this future collaboration with CEVA, will be as successful as it has been over the past seven years, and we very much look forward to continue to work with CEVA", explained Thomas Mangold, Head of aftermarket logistics at MANN+HUMMEL.
"The confidence that MANN+HUMMEL has expressed by extending this contract is something we value greatly, and underlines our first-class service in the area of contract logistics", said John Klompers, Managing Director of CEVA Central Europe.
About CEVA. Making Business Flow
CEVA Logistics (cevalogistics.com) is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 56,000 people and runs an extensive global network with facilities in over 100 countries. Following the acquisition of EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion.
MANN+HUMMEL
MANN+HUMMEL (mann-hummel.com) is a development partner and series supplier for the international automobile and machine construction industry. In 2007, 11,500 employees at 41 locations worldwide generated a turnover of 1.75 billion Euros. The corporate group's product portfolio includes air filtration systems, intake systems, liquid filtration systems, interior filters and plastic cylinder head covers with large scale integration for the automobile industry, as well as filter elements for the maintenance and repair of motor vehicles. For machine construction, process engineering and industrial manufacturing, the product portfolio comprises industrial filters, a program for lowering soot emissions in diesel motors, filter systems and mechanisms, as well as devices for materials handling.
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 climate in Asia and the US, 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 integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. 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 filings with the Securities and Exchange Commission. 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. EGL and CEVA disclaim 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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