Gerfor will try to recover in 2013

“2012 was an unfortunate years in terms of execution of Government projects,” said Jose María Escovar, the CEO of Colombian multinational, Gerfor. After a 50,000 million-peso investment in Colombia to optimize production of PVC pipes and other supplies for infrastructure and construction, Escovar explained that the Government’s failure to execute projects resulted in 150 layoffs and a five percent reduction in sales; plants are also operating at 50 percent.

“We see our products in many projects, ports, roads, aqueducts (…) but the Government needs to execute them,” Escovar said.

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