Gefco plans to establish new branches in Greece and Serbia

New major orders around the globe have slightly increased sales with Gefco in 2014, new plans for expansion in CEE and ASEAN Countries

Gefco Group, a global player in industrial logistics and the European leader in automotive logistics, tightens its anchorage in Eastern Europe and is continuously driving its expansion in growth regions. Furthermore the company plans to establish branches in Greece, Serbia and South Korea.

Against the backdrop of the great potential of the ASEAN states (Association of Southeast Asian Nations) they plan to launch activities in Vietnam. By the end of 2014, the Group has expanded its network in North Africa by establishing a local company in Algeria, one of the major economic powers in Africa.

Present in Russia since 2003, Gefco benefits today from the synergies of the 2012 union with RZD Russian Railways, which offer a long-term strategic support but also new growth opportunities in Russia and the Commonwealth of Independent States (CIS). In order to accelerate growth in this important region, the organisation has been adjusted. A designated geographic region – „Zone 1520“ was formed, and in line with that, they also formed an already active „cluster“ of 50 logistics specialists based in Moscow.

In the 2014 financial year the Gefco Group recorded a turnover of EUR 4,05 billion, up 1.5 per cent compared to the same period in 2013. The operating profit amounted to EUR 105 million, a year-on-year increase of 10.5 per cent.

Luc Nadal, Chairman of the Gefco Group Management Board, commented: „In a period when controlling the entire supply chain is becoming a key factor of competitiveness, the Gefco Group offers its customers unique expertise, enabling them to add value to every segment of their supply chain. This is perfectly demonstrated by the 10 per cent-growth in the segment of industrial customers.“

The group uses its expertise in automotive logistics, primarily learned with their core customer PSA Peugeot Citroën, for industrial companies of different sectors: electronics (Hitachi, Philips, LG), consumer goods (Ikea, L’Oréal, Kering), aviation (Safran, Zodiac, EADS) and equipment („High & Heavy“). In 2014 Gefco has expanded its customer portfolio outside the automotive sector by 10.6 per cent.

The success of the diversification strategy is reflected in the signing of major contracts all over the world. These include contracts with PanStar and World Duty Free Group in Spain with the dental industry company Sirona Dental in Turkey or the global bearing and steel components manufacturer Timken in Romania. In the „Zone 1520“ around 350 new contracts were signed with international and local industrial companies in the past year.

The success of the group’s diversification strategy is demonstrated by the signature of major orders around the globe. These include agreements with Panstar and World Duty Free Group in Spain, Sirona Dental, a dental industrial company in Turkey, and Timken, a globally operating manufacturer of rolling bearings and steel components in Romania. Within the “Zone 1520“ about 350 new agreements were made last year with international and local industrial companies.

www.gefco.de

Quelle: LogEastics
Portal: www.logistik-express.com