The chemical & bio-oil company from Piteå has grown with 100,000 cubic metres of tank storage in the Port of Hamina, upping its total capacity across Estonia, Finland, and Sweden to over 800,000 m3.
The transaction also includes ship and rail loading/unloading equipment and related infrastructure. Three Neste employees will also join Wibax's staff following the deal.
The 16-hectare terminal was established in the 1960s but was recently underutilised, according to Wibax's press brief. The company plans to bring the area up to speed in phases over the coming years.
Before the purchase, Wibax already operated a tank storage of 73,100 m3 in Hamina (plus 50,600 m3 in the sister Port of Kotka).
"It has been rewarding to follow the growth of our operations in Finland in recent years, and the Hamina terminal transaction is another important step in establishing our position in the Finnish market. As demand increases, we need to keep up with the growth," Jonas Wiklund, CEO of the Wibax Group, commented.
Photo: Wibax