CEVA ups its game in China
Published: Sep 05, 2011
China - Following a joint venture agreement with a Chinese vehicle manufacturer in 2002, CEVA Logistics will be leveraging on the success to increase its market share in China over the next three years.
The company is aiming to achieve a 5% share of the country's logistics outsourcing market by 2013, according to chief executive officer John Pattullo.
"China represents a major strong growth opportunity for CEVA. We are already well-positioned across the entire supply chain in China, and we are building our capability and leveraging our integrated global network to support Chinese companies' globalisation."
Only 3% of companies in China choose to look for specialists to handle their logistics requirements, compared to the global average of 20%, Pattullo added.
CEVA's first automotive logistics joint venture in China with Shanghai Automotive Industry Sales Corp saw the joint entity contributing 94 million Euros to the group's overall revenue.
With 88 sites across China comprising 14,000 employees, the company will be leveraging its integrated services to advance into other industries such as technology, retail, and energy.
Pattullo also revealed the company will be increasing its investments in China's inland cities.
At the same time, China is aiming to cut tax burdens on logistics companies and grant more favourable land policies, China Daily reported.
Managing people? For HR and leadership strategy, Human Resources has it covered.
Get your marketing department up to speed with Asia's most read marketing site
- CEVA Logistics
CEVA Logistics Related Stories:
- Asia pilot drives CEVA global restructuring
- CEVA growth driven by strong Asia demand
- CEVA opens vehicle logistics division
- CEVA unveils new facility in Malaysia
- CEVA wins Thai automotive contract
- [The Jolt] Doing it right: CEVA
- CEVA announces sudden departure of CFO
- CEVA reports Q1 decline
- Top 10 contract logistics players
- CEVA steps into Crocs business
- CEVA appoints new COO
- CEVA rebrands China operations
- Ceva inks Baker Hughes contract
- CEVA starts ground operations
- CEVA profits down 33%
- CEVA picks up Embraer contract
- CEVA extends Toshiba partnership
- Mapletree acquires CEVA warehouse
- Playing catch up
- CEVA revenues slide in recession
- CEVA eyes new businesses
- CEVA inks agreement with P&G
- CEVA gets TAPA certified
- BMW honours CEVA Logistics
- CEVA beefs up capacity in Asia
- CEVA sees growth in Q1
- CEVA appoints China & HK GM
- CEVA registers continued growth
- CEVA names new APAC leader
- CEVA offers cross-border road freight in SEA
- Michelin Thailand tightens up CEVA deal
- How to optimise logistics processes: survey
- CEVA appoints China MD
- CEVA has the SMART answer
- CEVA opens Oz LCL lanes
- CEVA inks with tyre company
- CEVA partners 20:20 Mobile Group
- Innovation a must for logistics
- CEVA renews oil contract in Ecuador
- CEVA ups cross-border services
- SC must keep with China’s growth
- CEVA expands PH auto biz
- CEVA acquires in strategic move
- CEVA tackles APAC issues
- Nokia renews CEVA contract
- CEVA bolsters Europe presence
- CEVA further bolsters China ops
- Changi’s air cargo stable, Keppel inks more
- 3PL sector sees frenzied activity
- DHL expands ops, Fujifilm acquires
- Dimerco’s JV, Hilton goes green
- [Video] CEVA shares growth plans
- 3PLs: Answer the collaboration call
- Use SCM as a marketing strategy
- CEVA enters JV, BP buys ships
- Is 2013 the year for Vietnam?
- Logwin, BASF set up new facilities
- New leaders for UPS, CEVA