News

May 24, 2018

GEFCO expands partnership with Ferronordic Machines

The GEFCO Group, a subsidiary of Russian Railways, signed a memorandum of cooperation with Ferronordic Machines LLC at the St. Petersburg International Economic Forum on 24 May 2018.

The signing was attended by Luc Nadal, Chairman of the GEFCO Group Management Board, Lars Corneliusson, the Managing Director and President of Ferronordic Machines LLC, and Oleg Belozerov, CEO and Chairman of the Board of OJSC Russian Railways.

 

The Memorandum unifies joint efforts to implement mutually beneficial cooperation in the logistics of finished products, materials, components and other industrial equipment in 4PL format using modern logistics technologies and practices, including GEFCO’s own know-how and logistics solutions.

The GEFCO Group and Ferronordic Machines are connected by a long-term successful partnership. In May 2015, the two companies signed a five-year contract, under which GEFCO Russia is responsible for integrated logistics services, the organisation of the company’s logistics flows and the transportation of goods – machinery and equipment under the brands Volvo Construction Equipment, Terex Trucks and Dressta, as well as spare parts and their accessories.

With the entry into force of this new agreement, the companies will cooperate in a number of areas, first and foremost, the development of long-term partnerships in the field of integrated logistics in the 4PL format, including the extension of current contractual relations.

In addition, the new agreement also involves adapting the model for cooperating on integrated logistics services, analysing the structure of freight flows, developing proposals for the further effective alignment of supply chains and developing high-tech interaction.

Together with Ferronordic Machines, the GEFCO Group will develop best practices in the organisation of multimodal transport in international traffic and a centralised management system for the provision of spare parts and consumables for after-sales service, as well as electronic document management systems.

The GEFCO Group is the European leader in the field of automotive logistics and one of the TOP-10 global partners in the field of multimodal solutions for supply chains. The Group serves more than 300 destinations worldwide, 8 major geographical regions and is present in 47 countries.

GEFCO’s Russia office was opened in 2003. The company is included in the TOP-3 among Russian and foreign logistics operators. The company’s has representative offices in Moscow, Domodedovo, St. Petersburg, Nizhny Novgorod, Kaluga, Novorossiysk, Togliatti, Kaliningrad, Chelyabinsk and Vladivostok.

Ferronordic Machines LLC is the official dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Rottne and Mecalac in Russia.

It is the largest and only federal dealer in Russia and operates throughout the country with 76 outlets in all federal districts and employing about 850 people.

Ferronordic Machines LLC is also an authorised service partner of Volvo and Renault Trucks and an authorised Volvo Penta dealer in some Russian regions.

In addition, Ferronordic Machines represents other well-known brands and several manufacturers of detachable equipment.