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CEVA Announces New Office in Shanghai as Company Expands in China

SHANGHAI, April 20, 2012 /PRNewswire-Asia/ — CEVA Logistics, one of the world’s leading supply chain management companies, today opened its new office in Shanghai to cater to the company’s growing organization and expansion in China.

Martin Thaysen, EVP of CEVA Logistics China hosted the opening ceremony

The new office is located on Mengzi Road, Lu Wan District and takes up three levels of the New Rich Port Center.  CEVA’s China head office and East China office, with approximately 500 CEVA employees, moved into the new premises today.  

A grand opening ceremony was held in the new office, for key customers and media representatives who attended the ceremony to celebrate the occasion with CEVA.

Didier Chenneveau, CEVA’s President, Asia Pacific said at the opening ceremony: “China is a global strategic priority for CEVA and we have ambitious growth plans for the country. Our previous office space can no longer accommodate the fast expansion of our China team as we win new and additional business with international and Chinese companies.  This new facility supports our business expansion plans and investment in China to achieve our strategic goals.”

Martin Thaysen, Executive Vice President, China hosted the new office opening ceremony and the customer reception. “We established our presence in China more than 20 years ago and have come a long way due to the invaluable support from our customers, partners and most importantly our employees. I want to express my sincere thanks to all of them on this special occasion which marks yet another milestone in CEVA’s history in China. We are committed to China and aim to serve our customers better with a bigger team at this new office,” said Martin.

CEVA – Making business flow

CEVA Logistics, one of the world’s leading, non-asset based supply chain 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 euro 6.9 billion. For more information, please visit


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 Communication Manager
Tel: +86-21-2310-7688

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