Wibax is investing a total of approx. SEK 50 million in a terminal operation in Jakobstad. As part of this investment, Wibax is acquiring a terminal from Neste. Location and development potential are important factors in this acquisition, combined with the fact that it is already ready to take most products. By expanding our storage and logistics capacity, Wibax will become stronger in the attractive Finnish market while at the same time supplementing the needs of the whole Group.
The terminal, which was built in the 1960s, has been well looked after and has ten tanks with a total storage capacity of approx. 46,000 m3 and enjoys a very strategic location. There are permits in place and the terminal is well prepared for the storage of chemicals and fuels. At present approx. 120,000 tonnes are processed through the terminal, and the hope is that this volume will soon be increased, as the terminal has major development potential.
The terminal area is large, approx. 43,000 m2, providing good opportunities for both current and new operations. As the terminal is easily accessible for sea, road and rail transport, we can offer effective logistics solutions with several combinations, increasing the quality and reliability of deliveries for both us and our customers. Operations were taken over in February, and this means that we will be looking to recruit more employees in Finland.
The terminal and its assets fit in very well with Wibax’s future initiatives, as it has a strategic location with direct proximity to a huge market with a number of existing and prospective customers. This is a strategically important investment in Wibax’s continued development in Finland and contributes at the same time to the growth strategy of the Group as a whole.
