Nordic News, Business and Life in Asia
Follow the latest business developments connecting the Nordic countries
with Asia. ScandAsia covers companies, investment, trade, technology,
energy, manufacturing and new opportunities across the region.
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When Ambassador Bengt G. Carlsson arrived to Malaysia for his first head of mission posting, he had a re-start as beginning: the re-opening of the embassy following on a Swedish …
Sweden’s Ambassador on Malaysia: “Underestimated, real potential!” Read MoreFinnish mobile messaging company Jongla has launched what it says is the lightest ever instant messaging app. Jongla Lite is a new 2.7MB version of the Jongla cross-platform instant messaging …
Finland’s Jongla mobile messaging app targets SE Asia Read More
Rovio Entertainment and Dreamkids Kindergarten team up to launch the first Angry Birds Playground in Southeast Asia. The playground will be opened in Singapore. Angry Birds Playground is an early …
Rovio launches Angry Birds Playground in Singapore Read More
Telenor Group attributed a Q4 fall in EBITDA margin to its launch in Myanmar and the sale of subsidised handsets in various markets, particularly Thailand, as organic revenue grew 5.3 …
Telenor profit hit by Myanmar launch, Thai handset subsidies Read MoreTwelve companies from Finland led by Nokia are scouting for business and trade opportunities in the Philippines. Executives of the 12 Finnish firms arrived in the country Monday as a …
Nokia, 11 Finnish firms explore Philippine opportunities Read MoreA Chinese concern has bought 22 percent stake of the small Danish company Scape Technologies. Furthermore, the two companies are establishing a company together in China. A small Danish firm in Odense, Denmark, has …
Danish Scape Technologies Corporates with China Read More
Systemair inaugurated their new factory in Sungai Buloh on February 6. Swedish Ambassador Bengt G Carlsson took part, cut the ribbon and chatted with Systemair VP for Production, Mr Mats …
Sweden’s Systemair opens new factory in Malaysia Read MoreAmbassador Anna Maj Hultgård participated in the inauguration and blessing ceremony of the new office of Swedish company MILVIK/BIMA. BIMA offers the only mobile-delivered life insurance product in the market, …
Swedish micro-insurance firm gains foothold in Cambodia Read MoreThe Awapatent Group opened new offices in Beijing and Hong Kong under the brand AWA Asia on February 9. This means that Awapatent now has 16 offices in total in …
Swedish IP consultancy enters China market Read More
Electrolux announced on February 5 it has entered into an agreement to acquire Shanghai Veetsan Commercial Machinery Co. Ltd.,, one of the largest manufacturers of professional dishwashers in China, as …
Electrolux to take over Chinese dishwasher manufacturer Read More
The Hong Kong Economic and Trade Office has kicked off its 2015 Chinese New Year celebrations in countries under its purview by holding events in Finland and Norway. The London …
HK trade office celebrates Chinese New Year in Oslo, Helsinki Read MoreThe multinational food packaging and processing company of Swedish origin has opened a new training centre in Rayong in Thailand, DairyReporter.com writes. It has cost around 40 millions to build. …
New Tetra Pak Training Centre in Thailand Read MoreSAS immediately stopped ticket sales to the new long distance route to Hong Kong. The airline does not have all the licenses. Only one week ago, SAS announced the opening …
SAS forced to stop sales to Hong Kong Read More
Large warm water prawns, often called tiger shrimp or tiger prawns, are one of the most popular frozen seafoods in Denmark. Some 5,000 tonnes of the tasty crustaceans were imported …
Danish supermarkets to drop unsustainable shrimps from Asia Read More
Nordea has the most valuable brand in Scandinavia, according to the annual Banking 500 report by Brand Finance. The Sweden-based bank has a brand value of about 44.1 billion kroner, …
Nordea has the best Nordic bank brand Read MoreJianshui Suntien Wind Power Energy Co., Ltd., a fully owned subsidiary of Hebei Construction & Investment Group Co., Ltd. has placed a 74 MW order for the Yunnan Jianshui Qikeshu …
Vestas receives a 74 MW order for low-wind site in China Read More
Grundfos has opened a new operation in Manila in the Philippines that will host internal IT activities for the group. The new IT centre, which is located in the Ortigas …
Grundfos opens IT centre in the Philippines Read More
Alfa Laval celebrated the opening of its new Compabloc factory in Jiangyin, China on January 18. The factory will produce welded plate heat exchangers for the Asian countries (China, Korea, …
Alfa Laval opens a new Compabloc factory in China Read More
Former German and Finnish joint-venture ETSI Technologies. popularly known as “ETSI”, the is now completely taken over by Filipino investors. For 33 years and still progressing, ETSI boasts one of …
Philippine investors take over Finnish-German telecom venture Read More
Metso will supply automation technology for PT Cikarang Listrindo’s two power boilers under construction in Babelan outside Jakarta in Indonesia. With advanced automation solutions, the company will be able to …
Metso supplies automation for Indonesian power plant Read More
The Danish biscuit producer Kelsen has launched a case against a competitor for copying its Danish butter cookies and selling them on the Chinese market. Indonesian consumer goods giant Mayora’s …
‘Fake’ Danish biscuits made in Indonesia sold in China Read More
After a Danish trade seminar and bilateral talks between the Danish and Philippine Trade ministers, the Danish Minister expressed confidence that Danish companies will gain a larger share of …
Trade Minister expects larger Danish market share in the Philippines Read More
Singapore’s Singtel and Sweden’s Ericsson on January 27 signed a Memorandum of Understanding (MoU) to collaborate on testing technologies for future 5G network deployments. The MoU covers the exploration of …
Ericsson, Singtel agree to test 5G in Singapore Read More
Greenwave Systems, the global Internet of Things (IoT) software and managed services leader, on January 27 announced it is opening a new Research & Development Center in Singapore to further …
Greenwave Systems sets up R&D center in Singapore Read MoreHavyard Group ASA has a strong brand name in Asia and has delivered design and equipment packages to shipping companies and shipyards in Singapore, India and China, in addition to …
Havyard shifts focus to Asia Read More
HW Trading Co., Ltd., Thailand’s exclusive distributor of Denmark’s iconic audiovisual electronic brand, Bang & Olufsen, unveiled its flagship store at Gaysorn Plaza at a grand opening in the evening …
Bang & Olufsen opens flagship store at Gaysorn Plaza Read More
By Gerard O’Dwyer, in Helsinki, 23-Jan-2015 Leading Danish meat processing companies, including Danish Crown, Hanegal and Skare Meat Packers, are attracting renewed acquisitive interest from industrial groups in China. Read …
Chinese investors cast eyes on Denmark meat sector Read MoreA group of businessmen from Denmark is exploring the Philippines for investment opportunities in the food, energy and healthcare sectors. Denmark’s Trade Minister Morgens Jensen led a business delegation from …
Danish firms eye Philippine investment opportunities Read MoreThe groundbreaking ceremony of a new naturist boutique resort, “BareFeet Naturist Resort”, was performed today at the site 30 minutes north of Bangkok city center. The resort will be the first in Bangkok offering a secure environment for tourists and locals enjoying a clothes free lifestyle. Barefeet Naturist Resort will be operated as a member resort of Naturist Association Thailand Co., Ltd.
First naturist resort in Bangkok Read MoreIn the context of its participation in a panel on Wasteless Supply at the World Economic Forum in Davos, Carlsberg announced on January 22 a ground-breaking agreement to develop the …
Carlsberg to develop biodegradable wood-fiber bottles Read More
At an Extraordinary General Meeting on January 15, REC’s shareholders approved to sell the business as the largest European supplier of solar panels worldwide and to combine with the Norway-based …
Shareholders approve sale of Norway’s REC Solar to Chinese firm Read More
Opportunities afforded by the growing consumer markets of Asia play an important role in Marimekko’s internationalisation. Over the past three years, new markets have been opened up in China, Hong …
Marimekko expands into SE Asia with Singapore, Bkk stores Read More
Arla Foods is integrating its markets in China and South East Asia in a new regional market called Business Unit Asia. The regional office will be placed in Kuala Lumpur, …
Arla establishes new business region in Asia Read More
Denmark is making a push to sell its food and other products in new southeast Asian markets to offset the negative impact of the Russian food boycott and low European …
Danish food exporters target fast growing Vietnam, Philippines Read More
The Finnish meat industry is authorized to export pork to China, the country’s Agriculture Ministry confirmed on January 16. Atria and HKScan, two Finnish companies, have gained permits to export …
Finland to export pork to China Read More
Finland’s national carrier Finnair’s plan to replace part of its cabin crew with cheaper Asian labor have been delayed due to problems with work permits. Finnair recruits the Asian personnel through …
Finnair’s Asian outsourcing is delayed Read More
A group of representatives of the public and private sectors in Region Hovedstaden is currently in China working towards the establishment of a new knowledge centre in the eastern province …
Danish knowhow to help China clean up polluted soil Read More
Oilon has broken new ground in China. While Oilon has previously supplied burners and burner systems mainly for energy-production plants, the groundbreaking new agreements cover the delivery of burner systems …
Oilon seals burner systems deals for hazardous waste plants in China Read More
This year Volvo will start selling its Chinese produced S60L in USA. It is an expansion plan in North America that demands more Volvo cars in America. 1.500 S60L cars produced …
Volvo to sell Chinese cars in USA Read More
Danish robot manufacturer Universal Robots on January 8 announced the official opening of its Asia-Pacific (excluding China and India) headquarters in Singapore. This is its sixth global office. This comes …
Universal Robots opens regional HQ in Singapore Read More
The new OSM building, which houses Norwegian company OSM Maritime Services Inc. (OSM MSI) and the OSM Regional Operating Headquarter Office (OSM ROHQ), caters to at least 300 employees serving more …
OSM Maritime Services opens new office in Manila Read More
Taiwanese computer power manufacturer Delta announced that its subsidiary Deltronic B.V. will acquire the entire stake in Eltek ASA, a Norwegian power management and sales company, for NOK3.9 billion, which …
Taiwanese Company Acquires Norwegian Power Enterprise Read More
AB Volvo has completed the acquisition of 45% of the Chinese automotive manufacturer, Dongfeng Commercial Vehicles Co., Ltd. The purchase consideration amounted to RMB 5.5 billion, according to the company’s …
Volvo completes acquisition of 45% of Dongfeng Read More
Swedish automaker Volvo Cars announced Monday it had beaten its historical sales record in 2014, mainly due to a successful expansion in China. Volvo sold 465,866 cars over the year, …
China expansion sees Volvo Cars hit sales high Read More
The deadline for the submission of tenders to supply Bangkok Mass Transit Authority (BMTA) with a new fleet of 3,183 buses, was finally scheduled for January 2015. Conspicuously absent from …
Bangkok’s new bus fleet saga: why Scania, Volvo opt out Read More
Dynamic duo relaunch Denmark’s iconic audiovisual electronics brand, Bang & Olufsen, in Thailand A penchant for mixing business with pleasure brought Danish businessmen Kenneth Hovmoller and Peter Waagensen to a …
A taste for Danish ultra-luxury home entertainment Read More
A single shipment of Russian oil caused between KR40 million and KR80 million ($6.5 million-$13.1 million) in losses for failed fuel supplier OW Bunker after executives at its Singapore subsidiary …
OW Bunker Singapore lost $13m on one Russian oil shipment Read MoreNorwegian salmon is selling like never before, all over the world. Both prices and production have jumped, despite the loss of major markets in Russia and China, and profits are …
Norwegian salmon exports remain strong despite trade sanctions Read More
A former manager at bankrupt bunker supplier OW Bunker has been arrested in Denmark, the Danish public prosecutor said. Danish authorities will extradite the man to Italy, where is he …
Former OW Bunker manager arrested Read More
HERE, a leader in navigation, mapping and location experiences, on December 15 announced that it has teamed up with Baidu, the leading Chinese language Internet search provider, to power its …
Nokia powering maps for Baidu outside of China Read More