CEVA beefs up capacity in Asia
Published: May 17, 2010
Asia - CEVA Group plans to boost its capacity in Asia by expanding its warehouses in Malaysia, China, Australia, Indonesia and Thailand, said its Asia-Pacific president.
Vittorio Favati, Asia-Pacific president of CEVA says the company has nearly exhausted its capacity in Malaysia and plans to add 700,000-800,000 sq ft or 50% of their present warehouse space of 1.5 million sq ft.
CEVA is also looking to expand by 250,000 sq ft in China, 200,000 sq ft in Australia, 150,000 sq ft in Indonesia and 100,000 in Thailand, reports StarBiz.
Meanwhile, India is expanding quite robustly. "We are involved in the largest mobile phone production site and modern automotive plant there," says Favati, adding that the staff strength in India is also expected to double this year.
CEVA is one of the world's top five logistics companies and is expecting to achieve higher revenue and profit this year.
"We performed quite well last year, taking into consideration the global economic crisis that has seriously affected the automotive sector in the first quarter of 2009," explains Favati.
While orders for new cars went down, logistics services for automotive spare parts were up, hence making CEVA's revenue the highest among the top five logistics players.
Favati believes as Asia is a promising market, the company is now taking the opportunity to beef up their talents and tools in warehousing, freight and supply chain management.
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