Oscar Törnqvist is stepping into the role as InterEast CEO. He has his sights on taking shipping into the future through digitalization, and to establish offices in new countries. “This is an incredibly exciting opportunity and a challenge – to continue to build the company in a directly decision-making capacity. Leading digital growth in the…
InterEast expanding – sets sights on new destinations
InterEast has enjoyed strong growth for many years, and in 2015 the business met the requirements for nomination to the Di Gasell Award. In 2016, the focus was on quality assurance and consolidation, and the increase in growth levelled off. InterEast has now raised its sights again for the years ahead, including expanding into a new destination.
“Following our strong organic growth over several years, we needed to ensure that we maintain the same high quality in our systems, working methods and. Our continued growth during this period confirms that we’re doing things right. This provides firm ground to stand on for the future,” says Peder Törnqvist, InterEast CEO.
Annual sales for 2016 came in at SEK 78 million, an increase of SEK 2 million compared to the previous year.
The company’s investment in ocean freight was successful, and it also grew in its strongest market, Eastern Europe.
“We had a good year in our existing markets in Eastern Europe – Romania and Macedonia, and we see great potential in Ukraine as a new destination. Today, Ukraine is in a position similar to that of Macedonia one year ago with a growing textile industry, a free-trade agreement with the EU and an advantageous geographical location. We’ve already begun working with a major Swedish company that recently moved its production to that country from Turkey, and more companies will follow.”
“As for the ocean freight markets, we’ve assumed a good position with several new customers, with more to come. Our focus is on quality and delivery performance for each individual customer.”
InterEast is counting on growing by 5-6 per cent during 2017, and the target for 2018 is to increase annual sales by 10 per cent or more.
“Following last year’s quality assurance of systems, customer service and delivery performance, we are now ready for continued growth with existing and new customers alike,” says Peder Törnqvist.
InterEast is increasing traffic to and from Macedonia with departures every week. The country’s history, infrastructure and extensive experience in textile production combined with a favourable geographical location, makes Macedonia an attractive producer for the fashion and clothing industry across Europe. “We’re counting on many new customers now that an increasing number of garment manufacturers…
InterEast is turning 25 and celebrations will include inviting all of its employees from Romania and Turkey to a grand anniversary celebration in Gothenburg. “It’s fantastic that we can celebrate together. We’ve come a long way since the beginning and now our goal is to be Sweden’s biggest family-owned forwarding agent,” says Peder Törnqvist, founder…
InterEast has been nominated for the Di Gasell award by business daily Dagens Industri, confirming that it is one of Sweden’s fastest growing companies for the second year in a row. “This is both honouring and inspiring. Above all, we must thank our very capable employees, our customers and the trust they place in us,”…