Bangkok, Thailand, 1 March 2013 – CEVA Logistics (Thailand) Limited, a leading global supply chain management company, recently held the official opening ceremony of its new Logistics Center at TPARK Laemchabang 2 site developed by TICON Logistics Park Co., Ltd. (TPARK).
Strategically located close to Laemchabang Port and access to key highways, the new Logistics Center comprises a total space of 10,550 sq m of warehouses in both the general and free zone areas at the Logistics Park.
CEVA’s Country Business Development Director for Thailand, Mr Russell Pang said, “We chose this Logistics Park because of its strategic location and well-equipped facilities that offers integrated supply chain solutions for our customers to meet their needs, both in Thailand and regionally. This warehouse acts as the regional distribution center for one of our key international customer for their consumer products.”
“CEVA has a well-deserved international reputation for service excellence in their field, and we are pleased they share our view of the potential of this site,” said Mr Somburanasin, GM, TICON Logistics Park Co (TPARK). “It also underlines our ability to identify land and develop facilities in line with the development of logistics trends in the country.”
In picture : (Left picture) Mr. Patan Somburanasin (right), General Manager of TICON Logistics Park Co., Ltd (TPARK) congratulates Mr. Yodchai Orrapunthip, General Manager-Operation CL of CEVA Logistics (Thailand) Limited (CEVA), the first tenant at TPARK Laemchabang 2, after the official opening of CEVA’s Logistics Center.
For more information, please contact
Vilaiporn Su-angkha / Kornnika Berananda
BrandComm Consultant Co.,Ltd.
Tel. (662) 3146877 -9 Fax. (662) 3188847
Russell Pang,
Country Business Development Director
M: 081750 4663
Email: russell.pang@cevalogistics.com
TICON Logistics Park Co., Ltd. (TPARK)
TICON Logistics Park Co., Ltd. (TPARK) was established in August 2005 and currently has paid-up capital of 2,500 billion baht. A subsidiary of TICON Industrial Connection PLC (TICON), Thailand’s leading provider of serviced rental factories. TPARK’s objective is to develop logistics parks and Ready-Build and Built-to-Suit logistics warehouses for lease. Site facilities include high-standard infrastructure and systems to respond to the needs of the logistics industry. For more information please visit www.ticonlogistics.com
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 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion. 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 2012 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.
