Official Contract Signing Ceremony Held at Shenzhen Distribution Center
HOUSTON, May 8 /PRNewswire-FirstCall/ -- EGL Eagle Global Logistics
(Nasdaq: EAGL), a leading provider of personalized supply chain solutions,
has recently been awarded a three-year contract by Huntsman, a global
manufacturer and marketer of differentiated chemicals. As part of the new
warehousing and distribution contract to launch today, EGL will operate and
manage a facility in Qianhaiwan, Shekou District, Shenzhen, where Huntsman
products and materials will be distributed to more than 10 satellite hubs
across the Asia Pacific region. This warehouse operation is also part of
EGL's overall expansion plans specific to Southern China.
An official contract signing took place at the Shenzhen distribution
center location on April 24, 2007. Representatives from EGL and Huntsman,
including Marc Deshamps, Huntsman Vice President, Global Supply Chain;
Vittorio Favati, EGL President Asia Pacific; and Rick Lee, EGL Vice
President of Logistics Asia Pacific were in attendance for the ceremony.
Festivities included speeches given from representatives of each company,
the China Merchants Group and China Government officials, as well as a
ribbon cutting and traditional Chinese Lion dance show.
During Phase I of implementation, EGL will dedicate a 5,500 m2
warehouse for non-dangerous goods, with a 5,000-pallet storage capacity.
Initial forecasts predict an estimated volume of 500 pallets of
non-dangerous materials during the first phase, with an expectation of
substantial growth to more than 10,000 pallets during later phases. In
addition to the bonded warehouse located in Shenzhen, a supplementary
warehouse in Dongguan will also play a significant role in the storage and
processing of dangerous materials.
"By providing Huntsman with a superior logistics solution to address
the company's unique business needs, EGL was able to create a simplified
process, which will provide significant cost savings and shorten overall
cycle times," said Favati. "At EGL, we believe in providing our customers
with seamless customer experience. In doing so, our valued customers, such
as Huntsman, benefit from an uncomplicated business process from the
beginning of every cycle through the delivery of every product."
Influential factors in Huntsman's decision to award the contract to EGL
include the company's ability to streamline operational processes, with a
longer term strategy of removing excess inventory at each satellite hub
location, ultimately leading to increased supply chain visibility, improved
product velocity and decreased inventory carrying costs.
About EGL, Inc.
Houston-based EGL, Inc. operates under the name EGL Eagle Global
Logistics. EGL is a leading global transportation, supply chain management
and information services company dedicated to providing superior
flexibility and fewer shipping restrictions on a price competitive basis.
With 2006 revenues exceeding $3.2 billion, EGL's services include air and
ocean freight forwarding, customs brokerage, local pickup and delivery
service, materials management, warehousing, trade facilitation and
procurement, and integrated logistics and supply chain management services.
The Company's shares are traded on the NASDAQ National Market under the
symbol "EAGL".
SOURCE EGL, Inc.
 back to top
Related links:
http://www.eaglegl.com
CONTACT:
Sherry Amberg, Director Marketing
Communications of EGL Eagle Global Logistics, +1-281-618-3215, or
Sherry.Amberg@eaglegl.com
|
