Moscow, 12th March 2008:
NYK Logistics (CIS) announces new warehouse in Moscow
NYK is pleased to announce that it will open its first warehousing operation in Moscow, Russia.
A long term contract has been signed with Russian developer Logo Group in February 2008 to rent a newly constructed class A, 13,500 m2 warehouse in the strategically located Pokrov region of Moscow. The warehouse is only 10 km away from Moscow ring road (MKAD) on Simferopolskoye Highway, allowing easy access to Moscow consumers, virtually free of Moscow’s traffic jams at all hours of the day.
The warehouse is scheduled to start operations in June and will serve NYK customers in several industries, most notably consumer electronics, which requires high warehousing standards as well as a fast and reliable distribution network to Moscow and other regions of Russia.
Managing Director of NYK Logistics (CIS), Mikhail Kholyavenko said: “Opening of the Moscow warehouse is an important stepping stone towards development of full service portfolio in Russia. Over the last four years, NYK has been active in the Russian logistics market establishing reliable and efficient international transport, customs clearance and domestic distribution solutions within the automotive, retail and consumer electronics industries. Opening a warehouse in Moscow underscores NYK Logistics’ commitment to Russia and allows us to serve our existing and future customers better.”
ENDS
About NYK:
Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation companies. The NYK Group operates approximately 777 major ocean vessels, as of the end of March 2008, as well as fleets of planes, trains, and trucks. The company's shipping fleet includes around 155 containerships, 286 bulk carriers, 55 wood-chip carriers, 113 car carriers, 21 reefer carriers, 79 tankers, 30 LNG carriers, and three cruise ships. NYK's revenue in fiscal 2007 was about $26 billion, and as a group, NYK employs about 51,000 people worldwide. The company has offices in 240 locations in 27 countries, warehouses on nearly every continent, and harbor operations in Asia, North America, and Europe. NYK is based in Tokyo, and has regional headquarters in London, New York, Singapore, Hong Kong, Shanghai, Sydney, and Sao Paulo.
