NEMS, the Sunderland-based logistics and warehousing business, has set out a £20 million global expansion plan after being formally handed over to its new owner, Trafigura Beheer, the commodity trading group.
Charles Bucknall, NEMS managing director, said: “Overseas, we are developing a new warehouse in Dubai, with others to follow in Chicago, New Orleans and Baltimore. We will also extend our business operations inside China.
“Closer to home, we will make significant investments in our existing Liverpool and north-east England distribution hubs to expand our logistics operations, linking up with our other hubs across the globe. This will see NEMS storing and transporting a wider range of products, including electricals and white goods, making it easier for companies in the North of England to deliver their products, in large and small quantities, to customers in areas such as the Middle East, China and Asia.”
Former owner Sir Tom Cowie officially passed control of the business to Trafigura director Pierre Lorinet at a ceremony at the company’s South Dock headquarters in Sunderland on 28th April.
Within the metals and minerals sector, NEMS will continue as an independent operation, providing global storage facilities for third parties as well as warehousing for Trafigura’s products.
“With NEMS expanding and diversifying, the future is very bright and we are delighted to formally welcome the business into the Trafigura family,” said Pierre Lorinet.