Latest Scandinavian Business News

Seadrill, SapuraKencana gain $2.7bn order from Brazil giant






Malaysia’s SapuraKencana and Norway’s Seadrill have signed a $2.7 billion contract with Brazilian giant Petrobras for three flexible deep-water pipe-laying support vessels. The award was made to the duo’s 50/50 venture Sapura Nevegacao Maritima after a competitive tender. Sapura Nevegacao is to build, charter and operate the PLSVs for a firm period of eight years,…

Thailand’s Western University seeks back-door listing via Thai-Denmark Swine Breeder






Thailand’s Western University is making a back-door listing via the SET-listed Thai-Denmark Swine Breeder Plc. (D-MARK), and the process is expected to be completed in September. After the back-door listing through a share swap process, Western University will become the majority shareholder in Thai-Denmark at about 96%, with the existing shareholder diluted to 4%, said…

Telenor and Thailand celebrate longstanding affiliation






On Friday 21 June, Telenor celebrated its 16 years of existence in Thailand with a reception and cultural event at its Norwegian headquarters in Fornebu, western part of Oslo. The Norwegian telecoms giant Telenor first started expanding into Asia via Thailand 16 years ago. Telnor’s chief executive Jon Fredrik Baksaas confirmed that its regional headquarters…

CEOs of Norway’s Telenor and DTAC visit Thailand’s PM






Thailand’s Prime Minister Yingluck Shinawatra this morning welcomed Mr. Jon Fredrik Baksaas, President and CEO of Telenor Group, Norway and Mr. Jon Eddy Abdullah, CEO of DTAC, at Violet room, Thai Khu Fah building, Government House. Mr. Abdullah stated that DTAC aims to develop communication technology in Thailand. The three discussed 3G/4G, free wifi network, and…

Sandvik opens its first distribution center in Shanghai






To meet the demand of Chinese customers for more efficient product distribution, Swedish high-tech industrial group Sandvik opened its first Chinese distribution center in Shanghai on 22 May 2013. The distribution center, the fourth of its kind for the company, will focus on local Chinese customers by reducing average order delivery times at least 24 hours and managing to deliver 99 per cent of inventory goods within 48 hours. The distribution center will be able to deliver up to 85 percent of the products to customerswithin the next day. The products used to arrive in the third day after the orders, said Annika Roos, vice-president of supply chain management of Sandvik Machining Solutions. According to Roos, it’s possible that the distribution center will also cover Hong Kong, Macao and East Asia in the future. The center covers an area of 6,000 square metres, which will accommodate over 50,000 kinds of products. It covers all machining solutions for customers in China. “We want to have a higher share of the market, and definitely increase sales,” said Roos.

Finland’s Secretary of State Pertti Torstila to speak at FCCT






Finland’s Secretary of State Mr. Pertti Torstila will speak on the topic “Europe and the Global Quest” at the FCCT (Foreign Correspondents’ Club of Thailand) on Tuesday 4 June 2013 at 8.00 p.m. The Euro zone has been buffeted by a succession of crises.  Although the financial markets have been quieted post-Cyprus by several steps…