Vileda renews UK contract with CEVA

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Printer-friendly versionPrinter-friendly versionPDF versionPDF version Ashby-de-la-Zouch, UK, 18 December, 2013 – CEVA Logistics, one of the world’s leading supply chain management companies, is delighted to announce that it has secured a five year, multi million euro contract renewal with Vileda, Europe’s pioneering cleaning brand and house cleaning solutions provider. Under the renewed contract which runs to 2018, CEVA will continue to provide Vileda with warehousing and transportation services, in addition to the receipt and management of raw materials and products, re-packing services, and the storage of spare parts in the UK. CEVA stores approximately 5,300 pallets across over 700 SKUs for Vileda in its multi user warehouse facility in Corby, Northamptonshire. The company also assembles 100 different product lines from over 275,000 raw components before dispatching around 350 orders per week, equating to around 2.7 million cases per annum. Vileda’s Consumer and Professional product ranges are also assembled into the correct packaging denomination and product configuration before distributing orders to its UK wholesalers. In addition to this, CEVA also provides product receipt, stock management, supplier collections and label production as part of the solution. Mirib Michael, Supply Chain Manager for Vileda said: “CEVA provides a well managed and efficient converting, warehousing and transport solution. The service levels and performance that we have come to expect from CEVA is very pleasing, particularly in the areas of on time, in full deliveries and stock accuracy where KPIs are tracking at very high levels. This year, as part of CEVA’s LEAN methodology, a full review of our converting operation was undertaken which resulted in a complete overhaul of the way product flows through the warehouse and converting area. The subsequent changes have delivered some huge benefits and we look forward to further improvement measures across the contract term.” Matthew Carroll, CEVA’s Regional Director for Consumer and Retail in the UK said: “We are delighted to be awarded this contract extension with Vileda. The team at Corby work extremely hard to continually maintain very high service levels and I am extremely confident that with the inherent culture of continuous improvement across our operations, that the team will continue to deliver real benefits for this customer.” As part of CEVA’s holistic approach to managing and driving efficiency in Vileda’s supply chain, it works closely with Vileda’s packaging suppliers and parcel network, holding regular reviews and exploring cost saving opportunities. In September CEVA announced that it had also renewed its business with Vileda in Turkey – extending a 14 year partnership. From CEVA’s new 70,000 square meter facility in Gebze, CEVA provide Vileda with warehousing, value added and domestic distribution services. CEVA - Making business flowCEVA 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.

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