Posti to invest €100m in Finnish logistics center

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Postal operator Posti plans to invest more than €100m (US$113m) in a new logistics center in Finland.

It is envisioned that the new logistics center will start operations around 2025 and form part of the company’s overall growth strategy.

Posti has already announced investments of more than €100m (US$113m) to develop parcel and e-commerce skills and strengthen its delivery network. In addition, €37m (US$41m) will be invested in a new warehouse being constructed in Sipoo, Finland, by logistics company Transval. The warehouse will be completed during 2022.

The location of the new logistics center will depend on several factors including the availability of personnel and land, commuting options, price and suitability to achieve Posti’s sustainable development goals.

During the preparatory phase of the project, various surveys explored the growth prospects of the e-commerce market and the change in consumer behavior as online shopping becomes more popular. Turkka Kuusisto, the CEO of Posti Group, said, “We anticipate the e-commerce market in Finland to double by the end of this decade. In order to contribute to and support the growth of the e-commerce market, we plan to invest more than €100m [US$113m] in a new logistics center in Finland. The investment is significant and fully in line with our strategy, as it will strengthen our ability to deliver efficient, fast and optimized services according to our customers’ needs, taking into account the entire value chain of e-commerce logistics.”

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