Gefco celebrates 10th anniversary of Chinese subsidiary
Present in fifteen cities with 1,300 employees, Gefco China and its two Chinese joint-ventures Dong Feng Gefco and Shenzhen Minsheng Gefco Logistics (SMGL) expect to increase revenues by a minimum 40% in 2021, anticipating growing demand for next-generation automotive logistics and belt & road initiative opportunities.
Gefco China plays a key role in Gefco’s freight forwarding network, which is handling an increasing volume of freight forwarding services on the belt & road.
To this end, the Group has set up a new dedicated subsidiary in Chongqing that specialises in importing and exporting vehicles by rail between Europe, Russia and China, and in developing all other Gefco logistics activities in this central region of China. (mw)