CEVA Wins China Warehousing Service and Management Innovation Award

Qianhaiwan Logistics Center recognized for its cross docking transportation services, faster U-turn and China Inspection and Quarantine (CIQ) solutions for chemical logistics in Shenzhen

SHENZHEN, Dec. 23, 2011 /PRNewswire-Asia/ -- CEVA Logistics, one of the world's leading supply chain companies, has been presented with the China Warehousing Service and Management Innovation award at the China Association of Warehousing and Storage (CAWS) Annual Meeting 2011 in Shenzhen. The award, presented last month, recognizes CEVA's commitment to developing innovative chemical logistics solutions that anticipate the needs of its customer, Huntsman, a global manufacturer and marketer of differentiated chemicals.

CEVA's Qianhaiwan Logistics Center located in Shekou has launched several initiatives which aim to streamline operational process and to provide a secure chemical supply chain for Huntsman. The initiatives were delivered in partnership with the customer, Shekou Customs, port related governmental departments and Shenzhen Qianhaiwan Logistics Park.

"Transportation and logistics for chemical goods is not a simple process. We are delighted with CEVA's efforts in understanding every specific requirement before optimizing the supply chain process, thus avoiding potential problems before they arise," said Rohbin Liu, Operations Manager of Huntsman's Asia Distribution Center.

Connie Tang, Vice President of CEVA in South China, added: "The award highlights CEVA's continuous commitment to the highest standard of chemical logistics facilities in South China. This success is the result of many collaborative efforts from various parties who CEVA worked with to introduce several initiatives to increase Huntsman's operational efficiencies and ensure a smoother supply chain process. This is in line with Shekou Customs and port related governmental departments' ambition to turn the Qianhaiwan facility into an integrated Logistics Center, providing high value supply chain services."

CEVA's achievements were acknowledged in three areas. Firstly, CEVA launched a comprehensive cross docking transportation solution for Category 9 dangerous goods, and became the first logistics service provider to offer dangerous goods transportation services in the Shekou Bonded Logistics Park. CEVA spent over three months conducting an in-depth analysis of customer's manufacturing process and established a comprehensive transportation, warehousing manual detailing loading and transportation processes as well as proper handling of emergencies such as chemical release due to accidents.

Secondly, with Shekou Custom's approval, CEVA's Qianhaiwan warehouse has successfully integrated the functions of bonded warehouse and export processing preferential policies. This means goods manufactured by Chinese vendors are free to enter the bonded warehouse. This approach helps to eliminate the traditional Hong Kong U-Turn process, saving an average of two or three days delivery lead time in South China. As a result, the average transportation costs for each container were reduced by approximately 30-50%.

Finally, the award also recognized the achievements of the implementation of China Inspection and Quarantine (CIQ) from a remote location. This initiative which received full support from the China Inspection and Quarantine Bureau at Shekou, allows CIQ to be processed at CEVA's Qianhaiwan warehouse, avoiding the traditional long waiting time for inspection at various origins.

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 50,000 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 2010, the Group reported revenues of euro6.8 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 2011 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.

For more information contact:

Anita Wei

Marketing and Communications Manager, Greater China

+86-21-2310-7688

Anita.wei@cevalogistics.com

Felix Lo

Marketing Manager, South China

+852-2942-0236

Felix.lo@cevalogistics.com

Follow CEVA on Twitter @cevalogistics

SOURCE　CEVA Logistics