EXEL SIGNS AGREEMENT WITH ALECOP-AZUERO FOR INTERNATIONAL TRANSPORTATION OF EDUCATIONAL EQUIPMENT

Exel, the world leader in supply chain management, has been chosen by the Alecop-Azuero Consortium (UTE) to manage the international shipment of educational equipment and materials from Spain to Venezuela. The contract, which will run until March 2006, involves port-to-port seafreight of containers and consolidated cargo from the storage centre in Spain to various agricultural training institutes in Venezuela.

Alecop-Azuero is a consortium formed by the temporary merger of Alecop, S. Cooperativa, part of Mondragn Corporacin Cooperativa (MCC) and Azuero, S.L.. The organisations have joined forces to develop and implement a project in Venezuela to strengthen vocational education and to modernise agricultural practices and equipment in Venezuela.

Exel will be shipping educational materials, agricultural machinery, and laboratory and teaching equipment. The Company will also manage customs brokerage and logistics management from the port of arrival to each of seven agricultural and education centres in Venezuela. Exel will provide visibility of merchandise in transit and will consult Alecorp-Azuero on alternative transportation methods and routes.

With the delivery of these materials, and the educational packages and training plans for the teachers in Venezuela, Alecop-Azuero hopes to contribute to the technological and educational development of the country.

Juan Antonio Martn Jimnez, Managing Director of Alecop-Azuero UTE, said, "Having a global logistics partner familiar with the realities of international transport which offers logistical solutions tailored to our needs, gives us the confidence of knowing that any problems will be rapidly resolved and our materials arrive in perfect order."

Agustn Oleaga, General Freight Forwarding Manager for Exel in Spain, added, "Supporting an educational project of this size represents a huge logistical challenge and requires considerable planning. Exel is very familiar with the challenges associated with operations of this type and we have the experience, infrastructure and human resources necessary to respond effectively."

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