GEFCOGriqualand Exploration and Finance Company Ltd. (South Africa)
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In a move to bring the success of its global practices to India and further shape the future of the country's supply chain solutions, Prasanna will drive GEFCO's presence and expansion within the market.
Several members from the GEFCO UK cycling team joined the BBC Midlands Today team at Wolverhampton Grand Theatre for the BBC Children in Need live broadcast on Friday, November 16, to celebrate their achievement with other fundraisers from the region.
"We are very pleased to announce a 50-50 JV agreement with Almajdouie Logistics," commented Luc Nadal, CEO of GEFCO Group.
The contract will extensively leverage GEFCO's fourth-party logistics (4PL) services.
"My recovery took almost one year and my fitness levels dropped to below zero, so when thecycle challenge opportunitycame up at GEFCO I thought that I should embrace life and challenge myself, including learning how to ride a bike.
The complementary nature of the GEFCO and IJS Global businesses -- with regard to expertise, geographic networks and customer portfolios -- will create value for all of the stakeholders: customers, partners, suppliers and employees.
Adding to the agreement, Abhishek Ajay Shah, managing director at RSA Logistics, said: "RSA logistics always believes in a tailored solution for all of our customers and relationship with Gefco is no different.
As demand from Western European economies shows no signs of rebounding, Romanian exporters need to look outside the EU for growth, said Christophe De Korver, managing director of the Romanian subsidiary of logistics supplier Gefco, speaking last week during a logistics conference.The Middle East and especially Russia are among the main alternatives to EU markets, according to the MD of Gefco, which in 2012 operated 1,000 truck transports from Romania to Russia and 250 back.
Deputy Prime Minister Arkady Dvorkovich said recently that the decision on TransContainer's privatisation should be made by the end of October and would be linked to the success of Russia Railways in the auction for GEFCO. Given that RZD won the auction, the chances of privatisation have been reduced, in our view.
PARyS (CyHAN)- French automaker PSA Peugeot-Citroen is in exclusive talks with Russian Railways (RZD) to sell a majority stake in its GEFCO logistics subsidiary, in a deal which could be worth 800 million euros, the car giant said on Thursday.
Peugeot said yesterday that it will sell property and a stake in its Gefco trucking unit in a 1.5 billion-euro asset- disposal program after net debt widened to 3.4 billion euros at the end of 2011 from 1.6 billion euros on June 30.
A very recent and very important event earlier this year was the takeover of Mercurio by GEFCO. Now GEFCO is the biggest automotive logistics player in Europe and is owned by PSA Group of France, the same company that owns Peugeot and Citroen.