GEFCO Awarded €8 Billion Contract to Optimise PSA Group’s Global Supply Chain
03 November 2016 - 9:19AM
Business Wire
Regulatory News:
The PSA (Paris:UG) and GEFCO groups have signed a new
€8 billion exclusivity agreement under which GEFCO will manage and
optimise the automaker’s entire global manufacturing supply chain.
The agreement reaffirms that GEFCO is the PSA Group’s leading
supplier in Europe, number two worldwide. The agreement will take
effect on 1 January 2017 for a period of five
years.
In line with the profitable growth objectives set out in its
Push to Pass plan, the PSA Group will be able to further improve
its operating performance via this agreement, which is yet another
show of confidence in GEFCO’s teams and the reliability of its
services.
Globally integrated logistics and transport solutions
Under the agreement, GEFCO will design and implement global
logistics and transport solutions for the three PSA Group brands,
Peugeot, Citroën and DS. It will manage and optimise the entire
supply chain, from sourcing components for production and assembly
plants to distributing finished vehicles. In addition to these
outbound and inbound logistics services, GEFCO will be responsible
for distributing spare parts.
This strategic partnership is an affirmation of GEFCO’s
expertise in designing and optimising complex supply chains. As a
4PL1 provider, GEFCO will be the PSA Group’s sole partner in
putting in place optimised multi-modal processes that combine rail,
road, sea, air and inland water transport to create end-to-end
solutions. It will also be responsible for coordinating the
suppliers chosen to take part in the supply chain following calls
for tenders. A central part of its integrated role will be applying
its advanced logistics engineering skills, in combination with
high-performance IT and data management systems, to provide
real-time tracking and ensure the seamless interplay of the supply,
storage and distribution chains.
The agreement will cover all of the countries (i.e., about 50)
where the PSA Group currently operates, whether in manufacturing or
distribution. Its implementation will increase GEFCO's buying and
pooling power to the benefit of all its customers.
A strategic partnership for both parties
“The agreement will be a powerful driver of improved operating
performance at the PSA Group. We have every confidence in
GEFCO’s ability to partner us as we navigate a challenging
transformation, pursue new business opportunities and develop
internationally,” said Yannick Bézard, the Group’s Executive
Vice-President, Purchasing.
The PSA Group is also teaming up with logistics specialist GEFCO
to develop supply chain and manufacturing solutions for future
projects, to be carried out in collaboration with external partners
or alone.
“GEFCO is proud to be chosen by the PSA Group as a trusted
strategic partner. All of GEFCO’s teams are actively committed to
meeting our customers’ need for efficiency,” said Luc Nadal,
Chairman of the Managing Board of GEFCO. “Every day, they
demonstrate their ability to support our customers as they grow
internationally, while working with them to tackle their long-term
growth and profitability challenges.”
About PSA Group
With sales and revenue of €54 billion in 2015, the PSA Group
designs unique automotive experiences and delivers mobility
solutions that provide freedom and enjoyment to customers around
the world. The Group leverages the models from its three brands,
Peugeot, Citroën and DS, as well as a wide array of mobility and
smart services from its Free2Move brand, to meet the evolving needs
and expectations of automobile users. PSA is the European leader in
terms of CO2 emissions, with average emissions of 104.4 grams of
CO2 per kilometre in 2015, and an early innovator in the field of
autonomous and connected cars, with 1.8 million such vehicles
worldwide. It is also involved in financing activities through
Banque PSA Finance and in automotive equipment via Faurecia. Find
out more at groupe-psa.com/en.
About GEFCO
GEFCO offers to design and implement logistics schemes alongside
manufacturers, a source of added-value that strengthens their
competitiveness. The performance GEFCO delivers to its customers is
based on the expertise acquired over the last 65 years,
particularly in the automotive industry, one of the most complex
and demanding sectors. Present in 150 countries, GEFCO is one of
the top 10 European Groups. It achieved a turnover of €4.2 billion
in 2015 and employs 12,000 employees. With over 300 business
locations worldwide, GEFCO is developing its activities in
Southeast Asia, Central and Eastern Europe, in the Balkans, East
Asia and South America.
Website: www.gefco.net; Twitter: @GEFCO_Group
1 4PL: Fourth party logistics
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version on businesswire.com: http://www.businesswire.com/news/home/20161103005587/en/
PSAMedia Contact: +33 1 40 66 42
00orGEFCOMedia Contact:Pascale Van der Vliet,
Phone: +33 (0)1 49 05 25 99Press
Contactpascale.van-der-vliet@gefco.net
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