Wärtsilä and CEVA Logistics expand their coop...

Wärtsilä Corporation, Press release, 31 March 2009, at 9:00 am (EET) CEVA will manage Wärtsilä's Central Distribution Centre in the Netherlands. Wärtsilä, a market leader in ship power and decentralised power plant solutions and CEVA Logistics, one of the leading supply chain companies in the world, have signed an agreement for the outsourcing of warehousing operations for Wärtsilä's 24/7 global spare parts activities in the Netherlands. The agreement follows Wärtsilä's earlier announcement of its intention to consolidate the company's spare parts logistics and to build a Central Distribution Centre facility in the Netherlands. The new operating model is planned to be fully implemented during 2011. Until then, CEVA will already manage the existing Dutch warehouse of Wärtsilä in Zwolle and will assist in the design of the new Central Distribution Centre. Since September 2008, CEVA Logistics has also been responsible for managing spare parts transportation to Wärtsilä's various warehousing facilities in Europe and deliveries to Wärtsilä's international customers. "Centralisation of our logistics activities with a specialised partner like CEVA will result in faster and more efficient spare parts deliveries to our customers 24 hours a day 7 days a week," comments Mr Tage Blomberg, Group Vice President, Wärtsilä Services. "The set-up will perfectly support our growth targets in the fast moving business environment to become the most valued business partner of all our customers," adds Blomberg. "CEVA is very pleased to expand our partnership with Wärtsilä," says Mr Pierre Girardin, Managing Director of CEVA Logistics France, Benelux & Nordics. "The operations excellence solutions we have presented for Wärtsilä's operations have already been recognized in October, when CEVA was granted the Lean and Green Award. For us, this is a perfect example of how economics and sustainability come together in logistic solutions. And now we believe that the combination of transportation and warehousing management will maximize even further CEVA's effort in achieving continuous improvement for Wärtsilä and its customers". For further information, please contact: Wärtsilä Corporation Tage Blomberg Group Vice President Wärtsilä Services Tel: +358 10 709 2425 Eeva Kainulainen VP, Global Communications Tel: +358 40 568 0591 eeva.kainulainen@wartsila.com CEVA Logistics Bart Barel Marketing & Communication Manager Tel: +31 610 937 846 bart.barel@cevalogistics.com Wärtsilä in brief Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of close to 19,000 professionals manning 160 locations in 70 countries around the world. In 2008, Wärtsilä's net sales were EUR 4.6 billion. Wärtsilä is listed on the NASDAQ OMX Helsinki in Finland. www.wartsila.com CEVA Logistics in brief CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs approximately 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of EUR 6.3 billion. For more information, please visit www.cevalogistics.com This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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