CEVA opens new Hong Kong freight hub

Aiming to double its growth rate by 2010, Ceva Logistics has opened a new freight hub in Hong Kong.

air freight hub Apollo Management CEVA CEVA Vehicle Logistics Eagle Global Logistics Hong Kong International Airport John Pattullo Viittorio Favati

As part of its Asian expansion plan, CEVA Logistics, a leading supply chain company, has opened its new air freight hub at Hong Kong International Airport in Chek Lap Kok. With this development and together with its China business expansion, the company expects todouble its business growth rate by 2010.

According to CEVA’s chief executive officer John Pattullo, who was on a recent two-day visit to Hong Kong to officiate the air freight hub opening, the company’s new facility will provide an annual capacity of 145,000 tonnes.

“The new hub with direct airside access will enable the handling of larger air freight volumes more efficiently, and the Hong Kong warehouse will be used to consolidate import and export freight shipments for both south China and Hong Kong,” he said.

Explaining the company’s history, Pattullo said CEVA was formed in 2006 when Apollo Management, a private equity group, acquired the logistics division of TNT. The company, which was then renamed CEVA, acquired EGL Eagle Global Logistics, and both companies merged in mid-2007.

Asked why CEVA had picked Hong Kong for its new hub, Pattulo said this was because the territory would provide lots of growth opportunities and was a good location for export goods from Mainland China.