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Eastern European Markets
NEWS RELEASE
September, 1. 2005

Finland Post to commission a new logistics centre in Kotka

Finland Post’s logistics centre in Mussalo, the port of Kotka, will be inaugurated on Thursday, 1 September. This new terminal will focus on the storage and handling of goods transported to Russia, the Baltic countries and the CIS countries.

The bonded warehouse and terminal facilities will be operated by North Euroway Ltd., a Finland Post subsidiary specialising in Russian transit cargoes by providing warehousing, goods handling and transport services for companies transporting goods via Finland to Russia and the Baltic countries. Specialising in transit traffic, the company has strong experience in Russian trade.

With the construction project involving three stages, the building, at over 28,000m©&Mac247; and 340,000m©¯, will be the largest of its kind in the Kotka and Hamina dock areas. With a building section comprising 8,300m©&Mac247; in storage facilities now brought into use, the logistics centre as a whole will be completed by the end of October, built by Kotkan Maansiirto Oy.

Economic development in Russia and the CIS countries has increased demand for logistics services in these countries. The new terminal in Mussalo will contribute to strengthening Finland’s competitiveness in toughening competition for goods flows to Russia. In this respect, Finland boasts efficient, reliable and secure logistics services. A large number of high-value goods, such as electronics, are stored in Finland before their transport to Russia. Canan North-East Oy’s central warehouse for Canon products will move into North Euroway’s logistics centre in Mussalo. Canon will keep its goods in intermediate storage in Finland before exporting to Russia, other CIS countries and the Baltic countries.

If Russian transit cargoes continue to grow at the predicted rate, the warehouse facilities can be extended by around 30,000m©&Mac247;.

For further information:
Simo Päivinen, Managing Director
North Euroway Ltd, tel. 050 309 6282

www.posti.fi


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