Latest Scandinavian Business News

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…

Norwegian marine experts look to China

The Norwegian shipping classification society Det Norsk Veritas announced it has set up a panel of marine engineering experts in China as a way to tap into the country’s boom in marine equipment design and manufacturing. The current leading members on the panel are marine engineering experts from Dubai, Hustonand Singapore, DNV said. This move represents the company’s effort to support China in becoming the main base of global marine engineering equipment manufacturing, it added. Source

VIKING Life-Saving Equipment holds seminar in Yangon

Organised by Myanmar-Nordic Liaison Ltd., Viking Life-Saving Equipment on Thursday 25 April held two seminars for the government and private sectors at the Chatrium Hotel in Yangon, Myanmar (Burma), to present their top-quality product line to the local market. The days’ sessions were divided into two, of which the morning session addressed the government sector…

Norwegian-controlled DTAC reports rise in profit

  Controlled by Norway’s Telenor, Thailand’s second largest mobile operator DTAC (Total Access Communication Pcl) reported a 1 percent rise in quarterly net profit on 24 April 2013, in line with its market forecast. The company posted a January-March 2013 net profit of 3.03 billion Thai baht ($105 million), versus 2.99 billion a year earlier.…