Latest Scandinavian Business News

KONE wins order for tallest building in Guangxi Province, China

KONE has won an order to provide 36 eco-efficient elevators and four escalators to Liuzhou Diwang International Fortune Center in China. The four-building mixed-use development will be located in the center of Liuzhou, a major industrial city in the southwest of China. When it is completed at the end of 2014, the 303-meter-high tower will…

Indonesian cement plant orders Danish production line

Indonesian cement producer, PT Semen Padang, has ordered a new cement production line with a capacity of 8,000tpd from FLSmidth (Denmark), work EUR40m (DKK 300m), according to a press release from the Danish equipment manufacturer. The plant is located in Indarung, just outside the city of Padang in West Sumatra, Indonesia. The order comprises equipment…

Carlsberg buys Chongqing Beer Group

Danish brewer Carlsberg said in December 2013 it had bought the owner of eight Chinese breweries for 1.4 billion kroner (US$258 million) as it grows outside the sluggish markets of western Europe. “Chongqing Beer Group has informed the Carlsberg Group that it has accepted Carlsberg’s offer to acquire 100 percent of Chongqing Beer Group Assets…

Wartsila to capitalise on China’s shipbuilding industry

Wartsila Corp, one of the world’s largest ship power suppliers and manufacturers by revenue, is hoping to turn China into its biggest market by adding more manufacturing capacity in the country next year. Eager to gain a larger foothold in the nation’s lucrative shipbuilding market this year, the Finnish company will open a joint venture…

China keeps Microsoft’s Nokia takeover under microscope

China’s top commerce watchdog is taking a more prudent approach than usual to granting approval for US software giant Microsoft Corp’s takeover of mobile telephone business from Finland-based Nokia, Beijing-based newspaper The Economic Observer reported on 21 December 2013. Such acquisitions usually get approval from China’s Ministry of Commerce after a 30-day first-phase investigation. But…

Finland’s Navis deepens ties with SE Asian shipbuilders

VANTAA, Finland – Navis Engineering has completed work on its latest project involving Singaporean offshore specialist Miclyn Express Offshore (MEO), following the commissioning of the DP-2 system onboard the Resolution, a 70-m (230-ft) ROV and diving support vessel. After successful sea trials and a christening ceremony at the Keppel Bay Marina in Singapore, the vessel…

Finnish Vacon’s New Multi-purpose Regional Center

Olli Tevä Vacon

Finnish Vacon’s case is a typical scenario showing the important role as the hub for the region that Singapore is increasingly playing. With its pole position in attracting such corporate hubs, it becomes a necessity – and advantage – for most businesses to follow suit. Vacon, with on-site support from FinPro, set up their regional…

China bans ash logs, sawnwood from Scandinavia

Recently the Quality Supervision, Inspection and Quarantine office and the State Forestry Administration (SFA) jointly issued a notice advising that as of 1 November 2013 China has banned the import of Fraxnus (ash) logs and sawnwood from countries and regions in which Fraxnus die-back occurs. The countries affected are Poland, Lithuania, Latvia, Sweden, the Czech…