Nurminen Logistics Oyj
Nurminen Logistics provides high-quality logistics services, such as forwarding, cargo handling and value added services as well as railway transports and related to it project transport services.
The company has collected logistics know-how from three centuries, starting in 1886. Nurminen Logistics’ main market areas are Finland and Russia together with its neighboring countries. The company’s share is listed on Nasdaq Helsinki.
In addition to Finland, Nurminen also has its offices in the Baltic states and Russia.
Nurminen Logistics aims to achieve continued success by differentiating itself with excellent customer service and the ability to find creative logistics solutions when they are needed.
1886: Origins of the Company
Farmer Johan Nurminen (1851–1914) moves to the town of Rauma. He starts to do business in the timber trade and opens a general store selling chandlery goods and imported products.
Sign painter Wigell is asked to paint the company’s name on the store window. He displays initiative by shortening the name to John Nurminen to save space.
1891-1920: Beginning of the Shipping Business and Establishment of a Forwarding Department
The company’s first own ship, the three-masted schooner ship Uljas, is built in Rauma in 1891.
Shipping operations expand rapidly, and by 1910 no fewer than 22 vessels sail under the JN flag, carrying their cargoes to the four corners of the world.
In 1913 Johan hands over the company to his son John. John founds a forwarding department as part of his trading house, and during the First World War it grows into Finland’s biggest forwarding company.
1930s: Shareholder in Kaleva Travel
John Nurminen adds tourism to its operations by becoming a shareholder in Travel Agency Kaleva Limited, founded in 1935. Kaleva becomes a subsidiary of John Nurminen in 1954.
1950s: The Golden Age of Shipping
John’s son Matti Nurminen grabs the helm in 1946 and turns his full attention to the forwarding sector and shipping.
The company enters the steamship era, and its shipping operations reach their height at the end of the 1950s: eight vessels, or a total of 40,000 DWT, are sailing at full steam under the JN flag.
1960s: Winding Down Shipping Operations and Starting Forwarding and Air-Freight Operations
After the Suez Crisis, John Nurminen’s Board decides to give up shipping operations. The last vessels are sold in 1967.
The company’s focus shifts to international forwarding and transport. John Nurminen’s first warehouse building is built at Helsinki’s West Harbour, and in 1964 Nurminen Air begins business at Helsinki Airport, becoming Finland’s first air-freight forwarder. The 1960s also see the beginning of road transports to the Soviet Union and the first transoceanic liner agency operations.
1970s: Growth and Development
A fourth-generation Nurminen – Juha Nurminen – is appointed Managing Director in 1979.
The company expands strongly. The building of a customs terminal network is sped up by the new liner agencies and the breakthrough in road transport. Several new regional offices are also opened inland.
1980s: Active in International Trade
John Nurminen widens its operations in international trade. Its lines of business include export and import forwarding, international transport, Soviet road transport, terminal and warehouse services, ground handling services for airlines, liner agency, port agency, forwarding for fairs and exhibitions and project transports.
1990s: Giving up the Traditional Forwarding and Transport
John Nurminen sells its traditional forwarding and transport operations to ASG in 1995. It concentrates on special logistics, ground handling services for airlines, business travel and shipping operation.
2000-2002: Focus on Logistics
John Nurminen divests its ground handling services in 2000, and at the end of 2001 the Group sells the operations of Kaleva Travel to Kohdematkat Oy. In 2001 the company acquires the business operations of Oy Huolintakeskus Ab, and in 2002 it purchases Atlans Oy.
2003: Integration under One Name
John Nurminen aims to double its turnover in the coming years, and this ambitious target sets new requirements for the Group’s structure and business model.
At the beginning of 2003, the business operations of the entire Group are placed under the parent company when the operations of Oy Huolintakeskus Ab, Nurminen Cargo Handling Oy, Nurminen Heavy Oy, Nurminen Maritime Oy, Nurminen Prima Oy and Nurminen TransMec Oy are integrated in a single company, John Nurminen Oy.
2003-2004: Growth According to Strategy
John Nurminen continues to concentrate on logistics by giving up operations that do not belong to its core business: it sells its removal and exhibition services and trailer repair business in 2003 and 2004.
John Nurminen’s strategy is to grow organically and through acquisitions in the Baltic region. The company’s foreign investments and development efforts are directed at its Baltic and Russian operations and companies, while in Finland the company seeks to strengthen the operations of its business units by acquisitions and investments.
2005: Focus on principal logistics operations
In 2005 the company continues to focus increasingly on its principal logistics operations by selling Fashion Logistics and starting to divest our liner agency operations.
The company acquires a 49 per cent share of St. Petersburg based railway operator ZAO Irtrans, purchasing at the same time the company’s entire rolling stock.
Fine art logistics is established as a separate company and Vehicle Logistics is transferred to Nurminen Autologistics Oy.
2006: The most important player in vehicle logistics
In 2006 John Nurminen acquires SkandiaTransport, the leading Swedish vehicle logistics company, and becomes the most important player in vehicle logistics in the Baltic Sea region.
Nurminen expands its business to an entirely new field, medical transport, by acquiring majority shareholding in three private medical transport companies.
2007: Finland´s biggest provider of medical transport
In 2007 fine art logistics company Nurminen Prima is sold and Nurminen Ship Agency is established as a separate company. Vehicle Logistics is sold to a company established by funds managed by Capman Oyj. John Nurminen acquires a 25 per cent holding in the new company.
Investments in care logistics continue, and John Nurminen grows into Finland’s biggest provider of medical transport.
The company buys the entire share capital of ZAO Irtrans and continues to invest in railway wagons.
In January 2007 a contract is signed with the City of Helsinki to lease a parcel of land located in the logistics area of Vuosaari Harbour. Construction of the Vuosaari logistics centre starts in summer 2007, and the foundation stone is laid in September 2007.
On 7 September 2007, John Nurminen Oy announces that it will demerge and list its logistics operations – Rail Services, Customs Clearance Services, Cargo Handling and Value-Added Services, Special and Heavy Transports and care logistics operations –on the Helsinki Stock Exchange under the name Nurminen Logistics on 1 January 2008.
2008: New listed company Nurminen Logistics Plc
Services, Special and Heavy Transports and care logistics operations –on the Helsinki Stock Exchange under the name Nurminen Logistics on 1 January 2008.
In 2008 the new listed company Nurminen Logistics increases the number of its own railway wagons to nearly a thousand.
In October 2008 the company divests, together with its minority shareholders, the Nurminen Care medical transport unit to a fund managed by Sentica Partners and, in accordance with its strategy, focuses on logistics and closely related operations.
The first ships arrive at Vuosaari Harbour on 24 November 2008. Along with the arrival of the ships, the Nurminen Logistics centre begins full-scale operations in the logistics area of the harbour.
2009: New logistics centre in Hamina
For Nurminen Logistics, 2009 is a year marked by the global economic crisis which has a significant impact on the market in which the company operates. In early 2009 the company initiates a number of business adjustments in response to the economic conditions and weaker demand for its services. Thanks to this cost cutting and the intensified sales efforts, the company manages to achieve a positive operating result in difficult market conditions.
In July 2009 the company continues the implementation of its strategy by entering into an agreement to begin operating in the new logistics centre in Hamina, Finland. Operations are launched at the new centre in December.
As a part of the company’s growth strategy for Russia and other CIS countries, Nurminen Logistics signs a seven-year cooperation agreement with the Russian railway wagon operator Transgarant. Under this agreement Nurminen Logistics serves as Transgarant’s representative in Finland. The cooperation agreement includes an agreement between the parties for the joint use of railway wagons.
The company acquires 12 per cent of the share capital of its subsidiary OOO Huolintakeskus from Russian minority shareholders of OOO Huolintakeskus. Nurminen Logistics now owns the entire share capital of OOO Huolintakeskus.
2010: Merging business units
The organisation of Nurminen Logistics is reformed. A new Management Team is established. At the same time, the Nurminen Cargo and Nurminen Heavy business units are merged.
A new terminal building of 5,720 square metres is completed in Niirala in October to replace the terminal destroyed in a fire in June 2009.
2011: Nurminen gets AEOF status
Finnish Customs grants Nurminen Logistics AEOF status in January 2011. Holders of the status are subject to simplified customs procedures and fewer physical and document-based inspections.
In October 2011, Nurminen Logistics remodels its organisation to better support the implementation of the company’s strategy. The company’s business is divided into units with the goal of sharpening and improving management. A new Management Team is formed as part of the organisational change.
The company’s Hakkila unit and Pasila headquarters move to the Vuosaari logistics centre in late 2011. After this, the entire personnel in the Helsinki area are located at the same address.
2012: From OOO Huolintakeskus to OOO Nurminen Logistics
The companies responsible for the Estonian and Lithuanian operations of Nurminen Logistics are transferred directly under the parent company. The Russian operations continue as a separate company, whose name is changed from OOO Huolintakeskus to OOO Nurminen Logistics.
Nurminen’s special transport vehicle reaches the most faraway location in the company’s history by road, Bratsk in Russia. A total of over 14,000 kilometres accumulated on the odometer.
2013: Incorporating the business
Nurminen Logistics’ Finnish business units Forwarding and Value Added Services, Railway Logistics, and Transit Logistics become Nurminen Logistics Services Oy, and the Special Transports and Projects business unit becomes Nurminen Logistics Heavy Oy.
In 2013, Nurminen signs a contract with four large Russian companies in the chemical industry and one significant Russian construction industry business for the transport of their products in covered wagons inside Russia and other CIS countries. Nurminen operates approximately 200 covered wagons for these customers with long-term customer contracts.
Nurminen Logistics carries out the overall machinery delivery to Svetlogorsk, Belarus, for the pulp mill of the mechanical engineering group Andritz. The project delivery consists of more than 450 loads, approximately one third of which are special transports. In addition to transport, Nurminen Logistics handles the overall management of the project’s transport logistics. The project’s consignments are loaded in approximately 30 locations around the world.
Pulp and paper company Sappi consolidates all of its shipping through the Port of Helsinki to Nurminen Logistics. In addition, Nurminen signs an extension contract with Metsä Board for handling considerable amounts of cardboard in Helsinki. The paper and cardboard handling volume in the Vuosaari Harbour will be some 350,000 tonnes per year, equivalent to approximately 31,000 (TEU) containers.