Wibax is a Swedish family-owned company that sells, buys, processes and distributes liquid chemical products and bio-oils to the European basic industry. Wibax has several terminals in Sweden and Finland and one terminal in Estonia. Wibax established a unit in Kotka in 2013, and in 2020 Wibax acquired Baltic Tank, which operated in places such as Hamina and Kotka, and its operations became part of the Wibax Group. As a result of the acquisition, the company’s operations in Finland expanded to cover both terminal and chemical sales operations. This spring Wibax acquired JJ Kuljetus Oy, and Wibax’s entire sales, storage and transport concept for chemicals and bio-oils consequently became available in Finland as well. Through the acquisitions, Wibax has grown in Finland from a company of a few people to an organisation employing 60 people.
The Kotka-Hamina region is important to Wibax, and the company’s goal is to carry on its growth in the region. As a result of the acquisition of the terminals in Kotka and Hamina, Wibax has become a significant company providing storage services for liquids and chemicals in the region. The operations in Hamina will expand even further at the beginning of 2023, when the company has access to its own transport fleet and starts to take care of transport operations from Hamina directly to its customers. Next year, Wibax’s trucks will be seen at the Hamina Harbour on a daily basis.
The location of the terminal at the Hamina Harbour is focal, and the terminal that is close to the customers enables cost-effective solutions. The terminal provides good facilities for sea, rail and road transport, and the excellent location also gives synergy benefits with other operators.
“We work closely with many facilities and industrial operators located at the Hamina Harbour,” says CEO Tero Väyrynen, who is responsible for the operations in Finland.
Kymenlaakso houses, among other things, a significant customer base in the wood-processing industry, and the new vehicle battery factory projects in the region can provide Wibax with considerable growth opportunities. The Hamina Terminal offers versatile storage space for products such as bitumen and tall oil products as well as various chemicals.
“We have positive expectations for the near future. Our main customers are doing well, and the general activity in capital investments in industries such as the battery industry benefits us. We also intend to put even more focus on sustainable development. In Sweden, for example, Wibax has launched an electric tanker truck, and the company is planning to invest in more electric trucks next year,” says Tero Väyrynen.
