‘Success story’ Gefco formally applies to launch IPO next year

French logistics giant Gefco has applied to the Paris Euronext stock exchange to launch an initial public offering (IPO) next year.
The group, currently 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), this morning delivered its Document de Base to France’s financial authority (AMF) for approval for the IPO.
It said that Russian Railways was looking to reduce its stake to below 50%, while Peugeot was likely to own …

The post ‘Success story’ Gefco formally applies to launch...

https://theloadstar.co.uk/success-story-gefco-formally-applies-to-launch-ipo-next-year/

Axion Structural Innovations to highlight consistent, predictable performance of its composite mats at 2018 International WorkBoat Show

STRUXURE® Composite Mats will not absorb water or other liquids and resist salt and most chemicals for long service life in any environment. Pictured is a two-year-old installation on an Orion Marine barge in Channelview, Texas. Axion Structural Innovations photo

Axion Structural Innovations, Zanesville, Ohio, a leading provider of proven, tested structural composite solutions for a wide variety of industrial applications, will showcase its STRUXURE® Construction Mats at the 2018 International WorkBoat Show Nov. 28-30 in New Orleans.

Axion’s STRUXURE® Construction Mats, cribbing and industrial supports are impervious to moisture and resistant to insects and rotting over time in either damp, dry or arid environments. STRUXURE® mats are engineered for...

https://www.workboat.com/news/people-and-products/axion-structural-innovations-to-highlight-consistent-predictable-performance-of-its-composite-mats-at-2018-international-workboat-show/

Indonesia seen as a way of escape for shippers from the China-US trade war

Taiwan-based 3PL Dimerco has turned to Indonesia to combat US-China trade war challenges.
The company is helping customers around restrictions resulting from the trade war by “leveraging its strong presence in Indonesia”, especially at the Batam free trade zone (FTZ).
“The FTZ is proving a useful alternative for Taiwan-based companies,” Dimerco said. “Batam is a strategic area in South-east Asia where companies can outsource the production of 4G smartphones, with more reliable …

The post Indonesi...

https://theloadstar.co.uk/indonesia-seen-way-escape-shippers-china-us-trade-war/

Kerry Logistics promotes Kenny Rutgersson as MD Sweden

Kerry Logistics has promoted Kenny Rutgersson to managing director of Kerry Logistics (Sweden).
Mr Rutgersson will drive the growth strategy and business development in international freight forwarding, warehousing and distribution in Sweden. A strong focus will be on strengthening the contract logistics business.
Mr Rutgersson has more than 20 years’ logistics experience and joined Kerry in Sweden as head of 3PL three years ago. Apart from his operational expertise, he also focuses …

The post Ke...

https://theloadstar.co.uk/kerry-logistics-promotes-kenny-rutgersson-md-sweden/

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