Gefco carrier sees business down 10% in 2009

The Romanian division of carrier Gefco, part of the
Peugeot-Citroën group, expects a 10% business decline this year,
from around 24 million euros in 2008. Gefco representatives said
the main reason for the business decline is the fall of the car
market. Volumes transported on the car market were 60% lower in the
first three quarters of the year against 2008, following the
decline in new car sales. “We saw a 20-40% decline in volumes of
goods carried, and expect to see a 10% decline at the end of the
year because we have new projects, which offset businesses with
other partners,” said Denis Renard, general manager of Gefco
Romania. The company brought ten new clients into its portfolio
this year and started 24 new transportation projects for
electronics, white and black goods, TVs, washing machines,
refrigerators and FMCG products. The main clients in the
electronics and home appliances sector are Romanian manufacturers
Electrolux and Arctic, for which the company provides both import
services to Turkey and exports refrigerating equipment to European
countries.