Gefco looks to extend its boundaries after narrowing losses


Gefco expects its UK arm to be profitable in 2012, as it prepares for the beginning of a major seven-year contract with General Motors that begins in January. The automotive logistics specialist narrowed its losses in the UK for the year-ending 31 December 2011 to £324,000 from £3.7m in the previous year. Turnover fell slightly from £114.5m to £112.5m. Sales and marketing director John Stocker told MT that the losses were a legacy of the 2006 closure of Peugeot’s plant […]