GEFCO performs well in its first year in Algeria

GEFCO reports a positive first year of operations in Algeria with a turnover of €5m in 2014. The company claims that its Algerian subsidiary is already established as a major player in the national logistics sector.

GEFCO Algeria has invested in major logistics infrastructures and set up two preparation and storage establishments for new vehicles in Mostaganem, in the west of the country, and Boufarik, near Algiers. With a surface area of 5 ha, the Boufarik site also offers warehousing and logistics management services, thus establishing itself as a multi-business line logistics platform in Algeria.

GEFCO’s subsidiary handles the receipt and inspection of vehicles, as well as their storage and distribution to various dealerships, on behalf of the importer SAIDA. It also handles the distribution of new vehicles to dealers for PSA Peugeot Citroën. In total, GEFCO Algeria transported 55,000 new vehicles in 2014.

“The Automotive sector is one of the pillars of our development strategy in Algeria. We have all of the qualities needed to support the development of car manufacturers and equipment suppliers in Algeria and North Africa. Our aim is to become a key player throughout the Maghreb region in the coming years”, said Bertrand de Techtermann, Managing Director of the Algerian subsidiary.

Algeria enjoys a strategic geographic position for trade with Europe, the Middle-East, Latin America and Asia and GEFCO states that these regions are important sources of growth for it. The wider group intends to extend its geographic coverage in 2015 with the launch of operations in South East Asia, South Korea, Greece and Serbia. Having made the development of overseas activities one of its priorities for 2015, GEFCO Algeria has invested in the deployment of new flows from Algiers to Vietnam, the UAE, and the US. These intercontinental flows notably include the transport of textiles, electrical household appliances and spare parts. Other flows to Western and Southern Europe are planned for 2015, as well as to China, Cambodia and Indonesia.