Latest Scandinavian Business News

Thailand is said to want to buy more Gripen jets

Thailand will purchase other six Swedish Gripen fighter aircrafts the next ten years, reported Swedish Newspaper Svenska Dagbladet. Thus the country would get 18 Gripen fighters. Svenska Dagbladet has the information from the British Defend and Security company IHS Jane, who refers to sources in the Thai Air Force. In September should the air force…

Lego plans growth in Asia

Danish toymaker Lego is developing plans to expand throughout the Asia-Pacific region, using China as a new manufacturing and distribution centre, Warc.com reported. Speaking to Campaign Asia, a company official said the world’s second largest toy company needed “to reach out to even more consumers in the entire region”, and expressed confidence that its products would…

Primax Electronics purchases 70 percent of Danish-based Tymphany

Taiwanese Primax Electronics announced on Tuesday 15 October that it has signed an agreement to purchase 70 percent of Denmark-based Tymphany, an acquisition expected to boost the company’s 2014 bottom line, The China Post reported. Primax yesterday resolved in a board meeting to a inject US$84 million into Tymphany, in turn taking a 70-percent share…

Danish Ambassador attends brewery opening ceremony in China

The Danish ambassador to China, Mr. Friis Arne Petersen and Minister Counsellor, Ms. Marie Louise Flach de Neergaard, attended the Danish company Carlsberg’s ground breaking ceremony for a new brewery in Dali on Saturday 12 October, the Embassy said on its website. The Carlsberg group will set up a 10 million-hectolitre(hl) greenfield brewery in Dali…

Nido Petroleum, Lundin Petroleum to drill multi-million barrel oil targets offshore Indonesia

Nido Petroleum and Lundin Petroleum will in November 2013 start a highly anticipated two well drilling program in Indonesia targeting multi-million barrels of oil. Swedish listed Lundin, a A$7 billion market cap, will use the Hakuryu 11 jack-up rig to drill the Balqis-1 exploration well plus Boni-1 sidetrack in Baronang production sharing contract in the…

Grand Opening of Designers Field Showroom

On Saturday 19 October the Thai-Danish company Designers Field opens a showroom in Panjit Tower in Thonglor, Bangkok. Designers Field develops Scandinavian interior design products. Describing them selves they write: We are bringing ideas to the living room. Reaching globally working with retailers and wholesalers around the world. We support our customers with our design team and focus on developing private label brands. Our…