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Date: April 25, 2007
Shanghai … Diversified industrial manufacturer Eaton Corporation today awarded CEVA Logistics a contract to act as Lead Logistics Provider for all of Eaton’s businesses in the Asia Pacific Region.
Under the agreement, CEVA will manage Eaton’s supply chain in the region, including warehousing in the various Asia Pacific countries, domestic road transport networks, as well as Pan-Asia Pacific distribution solutions managed from a control tower in Singapore.
“The Asia Pacific selection of a Lead Logistics Provider is the next step in our global program to nominate Lead Logistics Providers to manage our logistics globally,” said Mario Hegewald, Eaton global logistics director. “We began an intensive selection process a year ago and we look forward to working closely with CEVA as our partner in this important region.”
James W. McGill, Eaton vice president ─ Asia/Pacific, said, “Selecting CEVA as our lead logistics provider will allow us to focus on our ambitious growth plans for the region while keeping supply chain costs in control. Additionally, this partnership will allow us to reduce waste and minimize the impact of our supply chain on the environment.”
“We are very pleased to be selected by Eaton for this prestigious contract in the industrial market sector,” said Howard Critchley, CEVA’s Managing Director for China, Australia and Southeast Asia. “The Eaton contract represents an important step in our ambitious growth plans in the Asia Pacific region and demonstrates our capability to offer complete supply chain solutions to our customers. In the last months we have started the implementation of this new contract and we will have an aggressive rollout plan to coordinate warehouses and transport networks in order to provide Eaton end-to-end visibility of their supply chain.”
Eaton Corporation is a diversified industrial manufacturer with 2006 sales of $12.4 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 61,000 employees and sells products to customers in more than 125 countries.
CEVA Logistics (formerly known as TNT Logistics) is a leading global logistics and supply chain management company. It designs, implements and operates complex supply chain solutions on a national, regional or global scale for multinational and large local companies. It provides customers with end-to-end logistics solutions spanning the entire supply chain. The company focuses on a diverse range of market sectors including automotive, tyres, high-tech/electronics, industrial, fast moving consumer goods (FMCG), and publishing & media. CEVA employs 38,000 people and operates an extensive global network with facilities in 26 countries worldwide, maintain 567 warehouses globally with a combined space of approximately 7.4 million square meters. For fiscal year 2005, CEVA reported sales of €3.5 billion. CEVA is owned by affiliates of Apollo Management, L.P., one of the leading private equity investors in the world. For more information please visit the CEVA web site at www.cevalogistics.com.
Vivian Xiao, Eaton, 86 21 6387 9988 ext. 634
Dorien van Schie, CEVA Logistics, 31 20 500 681