China flies in Finnish Santas
While the rest of the country enjoys a break this Christmas, some Finns must work hard to help Santa through the holidays. After all, there is no way Santa can …
China flies in Finnish Santas Read MoreBusiness in Asia: Nordic Companies, Trade and Industry News
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.
Explore Thailand with Expat Guide Thailand and EuroThaiLink
Planning to live, work or do business in Thailand? Expat Guide Thailand provides practical information for expatriates, while EuroThaiLink introduces Thai businesses to European products, technology and industrial machinery.
Finnish Vacon’s New Multi-purpose Regional Center
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 …
Finnish Vacon’s New Multi-purpose Regional Center Read More
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 …
China bans ash logs, sawnwood from Scandinavia Read More
Saab’s revival hinges on electric cars, China market
A year out of bankruptcy and with just two cars a day rolling off its production line, Saab is betting on an as yet unbuilt electric version of a decade …
Saab’s revival hinges on electric cars, China market Read More
Norway’s Prosafe to rent out ‘flotel’ off Indonesia
Norwegian flotel player Prosafe has secured a contract for use of a semi-submersible accommodation unit off Indonesia. The Safe Astoria will serve offshore gas gathering facilities in the Natuna Sea …
Norway’s Prosafe to rent out ‘flotel’ off Indonesia Read More
Thai UD Trucks delivers first Quester heavy-duty trucks
UD Trucks on 16 December 2013 delivered the first units of Quester, its all-new heavy-duty truck range, designed specifically for growth markets in Asia and the rest of the world, …
Thai UD Trucks delivers first Quester heavy-duty trucks Read More
Denmark urges Vietnam to invest in people
The Danish Embassy in cooperation with Ministry of Labour, Invalids and Social Affairs (MOLISA) organised a Seminar on Promotion of Corporate Social Responsibility (CSR) in Vietnam in early December 2013. …
Denmark urges Vietnam to invest in people Read More
Nordic Bioscience inks clinical trial logistics deal in HK
DKSH’s Business Unit Healthcare has entered into an agreement with Nordic Bioscience to offer clinical trial logistics services in Hong Kong. As part of the deal, DKSH will import investigational …
Nordic Bioscience inks clinical trial logistics deal in HK Read More
Norway’s Ekornes acquires IMG
IKORNESS, Norway — Upper-end upholstery producer Ekornes has signed a letter of intent to acquire fellow Norwegian producer IMG for an undisclosed price. Ekornes officials said the deal will give …
Norway’s Ekornes acquires IMG Read More
H&M may raise prices to increase Cambodian workers’ wages
Clothing giant H&M is considering raising retail prices and passing the buck onto the consumer to help pay higher wages to garment workers in poor countries. There won’t be any …
H&M may raise prices to increase Cambodian workers’ wages Read More
Sweden’s timber export to China to triple in 2013
Sweden, the third-largest exporter of sawn timber globally, expects shipment to China to triple this year from 2012 on rising demand. Mikael Eliasson, president of Swedish Wood, an industry association, …
Sweden’s timber export to China to triple in 2013 Read More
Chinese Group Acquires Swedish Rig Specialist
China International Marine Containers Group (CIMC) has acquired 90-percent ownership of Swedish rig specialist Bassoe Technology AB, announced CIMC Raffles, the group’s major offshore business, on 14 December 2013. Bassoe …
Chinese Group Acquires Swedish Rig Specialist Read More
Denmark’s Haldor Topsoe to set up catalyst plant in China
Denmark’s Haldor Topsoe will invest about DKK900 million to build catalyst plant in China. The board of directors of Haldor Topsoe has approved the capital investment needed to carry out …
Denmark’s Haldor Topsoe to set up catalyst plant in China Read More
Novozymes boosts China knitting industry’s green credentials
Danish bio-innovation company Novozymes and the China Knitting Industry Association (CKIA) have signed a strategic partnership in a bid to jointly promote sustainable development in the Chinese textile industry by …
Novozymes boosts China knitting industry’s green credentials Read More
Chinese supermarket showcases Danish food products
A section dedicated to Danish food products has recently been opened in the high-end supermarket CenturyMart in Bailian Xijiao Mall in Shanghai by the Consul General in Shanghai, Mr Nicolai …
Chinese supermarket showcases Danish food products Read More
Beautiful Marimekko, Iittala designs made in Thai sweatshops conditions
The Finnwatch monitoring group has issued a report detailing poor working conditions at a glass factory in Thailand that produces goods for two prestigious Finnish design companies, Marimekko and Fiskars …
Beautiful Marimekko, Iittala designs made in Thai sweatshops conditions Read More
Volvo group eyes 50% of China, Asian truck business
Volvo Group of Sweden said it is eyeing 50 percent growth of its truck business in Asian countries after it launched a new heavy-duty UD truck range with Dongfeng on …
Volvo group eyes 50% of China, Asian truck business Read More
Nordea to open currency desk in Singapore
Nordea Bank, the Nordic region’s largest bank, will open a full-scale currency and money markets desk in Singapore to offer clients trading around the clock as it expands services for …
Nordea to open currency desk in Singapore Read More
Carlsberg consolidates position in China
Danish brewer Carlsberg upped its stake in China’s Chongqing Brewery to 60 per cent, strengthening its foothold in the world’s largest beer market by volume, and hopes to increase its …
Carlsberg consolidates position in China Read More
EU clears Microsoft-Nokia mobile phone deal
The European Commission approved on 27 November Microsoft’s nearly 5.5-billion-euro (S$ 9.3 billion) takeover of the mobile phone business of Finland’s Nokia which once dominated the global industry. The acquisition …
EU clears Microsoft-Nokia mobile phone deal Read More
New Nordic Group eyes Thai buyers to expand customer base
Long established as a major Pattaya property developer catering mostly to Scandinavians and other Europeans, the New Nordic Group is looking to expand its customer base by targeting more Thai …
New Nordic Group eyes Thai buyers to expand customer base Read More
Norway’s marine suppliers bullish on China market
The 17 Group of Norway, an association of maritime suppliers, expects a 40 percent rise in combined sales in China next year with more high-end ship types being built here. …
Norway’s marine suppliers bullish on China market Read More
Swedish Midroc gets 800 Mil. SEK order in Indonesia
Swedish company Midroc Automation has been requested to deliver a fully automated system to manage the World’s largest gold mine in Papua, Indonesia. The client is the American mining company …
Swedish Midroc gets 800 Mil. SEK order in Indonesia Read More
Maersk Celebrates 20 years in Cambodia
Maersk Line and the intra-Asia container shipping specialist, MCC Transport, celebrated their 20 years of business co-operation in Cambodia with a major celebration in Phnom Penh attended by Public Works …
Maersk Celebrates 20 years in Cambodia Read MoreFinland’s Cargotec in Chinese truck crane joint venture
Cargotec has established Sinotruk (Shandong) Hiab Equipment Company a joint venture with the China National Heavy Duty Truck Company (CNHTC). The Finnish manufacturer’s stake in the JV is 50 percent …
Finland’s Cargotec in Chinese truck crane joint venture Read More
Danish-designed, Chinese-built ships in the offing
A new collaboration which may be a sign of things to come sees a project incorporating innovative European design skills alongside the physical and mechanical attributes of Chinese ship building …
Danish-designed, Chinese-built ships in the offing Read MoreConsul General in Guangzhou hosts Hi-Fi event
The Consulate General of Denmark in Guangzhou organised an exquisite Hi-Fi event for a very select group of people at the Mandarin Oriental Hotel in Guangzhou the 30th of November. …
Consul General in Guangzhou hosts Hi-Fi event Read MoreNorwegian salmon’s China market share dwindles
Norway’s OBX index could be hampered in the near term by developments hitting the fish production and processing sector, according to comments from politicians and market analysts. The problem is …
Norwegian salmon’s China market share dwindles Read MoreFinnish firms urged to invest in Vietnam
Foreign businesses, including those from Finland, will enjoy a number of preferential treatments when they invest in the Mekong delta city of Can Tho. Profitable investors in the field of …
Finnish firms urged to invest in Vietnam Read More
Danish firm launches ‘good drones’ in Philippines typhoon cleanup
Much of Tacloban city in the central Philippines is still littered with debris, weeks after a super typhoon. A welcome addition to the clearing effort is this unmanned aerial vehicle, …
Danish firm launches ‘good drones’ in Philippines typhoon cleanup Read More
Bjørn Kjos and Norwegian aim at Asia in the future
Bjørn Kjos and his low-cost carrier Norwegian Airlines now have a total of 55 routes from Copenhagen Airport. Latest they opened one to Fort Lauerdale in Florida. In an interview …
Bjørn Kjos and Norwegian aim at Asia in the future Read MoreFinland, Vietnam target US$1 billion in trade
Two-way trade value between Vietnam and Finland totalled US$304 million in 2012 and both countries aim to raise the amount to US$1 billion in the coming years. The figures were …
Finland, Vietnam target US$1 billion in trade Read MoreSweden’s Sandvik enters Philippines market
SWEDISH ENGINEERING group Sandvik recently inked a deal with Inframachineries, a leading Filipino provider of construction tools and equipment. The brand will be the exclusive distributor of Sandvik’s mobile crushers. …
Sweden’s Sandvik enters Philippines market Read MoreChinese robotics expert leads ABB China operations
ABB, the leading power and automation technology group, has appointed Chunyuan Gu as head of its business in China and the North Asia region as of Jan. 1, 2014. Gu, …
Chinese robotics expert leads ABB China operations Read MoreNokia strike, lesson for transnational mergers
Most striking workers have returned to work at the Nokia factory in the southern Chinese city of Dongguan after their recent industrial action, but experts have warned that the strike …
Nokia strike, lesson for transnational mergers Read More
Saab cars to roll out of reopened plant in Sweden
National Electric Vehicle Sweden AB has started the production of the Saab 9-3 Aero Sedan with a petrol powerhouse. The first car will roll out of the assembly lines in …
Saab cars to roll out of reopened plant in Sweden Read MoreREC panels in Singapore’s largest solar project
Norway’s REC is supplying the solar panels for two utility-scale solar energy projects for self consumption to go ahead in Singapore this year and early 2014. Developed and operated by …
REC panels in Singapore’s largest solar project Read More
H&M halts angora products after rabbit torture video
Swedish fashion giant H&M said on Wednesday it would stop making clothing containing angora hair after an animal rights group released video showing fur being plucked from live rabbits on …
H&M halts angora products after rabbit torture video Read MoreTelenor gains ground in Thailand, Malaysia
In the third quarter of 2013, Telenor Group reported revenues of NOK 26.0 billion, representing an organic revenue growth of 1%. EBITDA before other items was NOK 9.6 billion, EBITDA …
Telenor gains ground in Thailand, Malaysia Read MorePandora marks 2nd anniversary in Thailand
The Danish Ambassador to Thailand, Cambodia and Myanmar Mr Mikael H. Winther attended a celebration of the 2nd anniversary in Thailand of the Danish accessories and jewellery brand, Pandora. Pandora, …
Pandora marks 2nd anniversary in Thailand Read MoreSwedish envoy assesses Myanmar’s healthcare
A team led by the Swedish Global Health Ambassador Dr. Anders Nordström together with Ann Måwe and Ulrika Ferenius from the Swedish Foreign Ministry accompanied Tomas Lundström from the Swedish …
Swedish envoy assesses Myanmar’s healthcare Read MoreDanish-Vietnamese firm turns waste into flooring materials
Vietnam – a country with more than 37 million registered motorbikes – seems like the right destination for the Danish company Ergofloor A/S to set up a business recycling rubber …
Danish-Vietnamese firm turns waste into flooring materials Read More2014 Volvo S60L unveiled in China
Volvo has officially pulled the wraps off the 2014 S60L during the 2013 Guangzhou Motor Show, in China. The Swedish based automaker’s Volvo latest creation is named the S60L and …
2014 Volvo S60L unveiled in China Read MoreH&M to pay ‘living wage’ in Cambodia, Bangladesh
H&M has pledged to pay a living wage to 850,000 textile workers after expressing frustration over a lack of action by governments to address working conditions in Asian factories in …
H&M to pay ‘living wage’ in Cambodia, Bangladesh Read More
IKEA “Pops-Up” in Central Bangkok
World’s first IKEA Pop-Up store opens in Siam Square IKEA’s world-first pop-up store opened in Bangkok’s Siam Square fashion district over the weekend. “Bangkok is an amazing international city, well …
IKEA “Pops-Up” in Central Bangkok Read MoreDenmark’s ISS cleans up China
The Danish company, ISS A/S, is not very well known around the world, but the facility services provider has two very impressive qualities. The first is that the company is …
Denmark’s ISS cleans up China Read MoreNovo Nordisk donates $100,000 for typhoon victims
Danish Pharmaceutical Novo Nordisk’s headquarters in Denmark, together with Southeast Asian countries Malaysia, Singapore and the Philippines and Australia, donated a collective amount of 650,000 Danish kroner or an equivalent …
Novo Nordisk donates $100,000 for typhoon victims Read MoreChina’s ease of company registration is good for business
The Chinese government’s latest move to streamline company registration is an important step in line with international standards that will encourage social investment, according to Danish and other foreign experts …
China’s ease of company registration is good for business Read More
Norske Skog Thailand sold to local firm for THB1 billion
Norske Skog Thailand was sold to Charoen Aksorn (CAS) Group, a Thai printing supplies company, for THB1 billion. Norske Skog, the largest newsprint paper producer in Thailand, sold its paper …
Norske Skog Thailand sold to local firm for THB1 billion Read MoreSAS to offer 7 new routes in summer 2014
SAS continues to improve its customer offering by launching new routes. From four Scandinavian airports SAS is opening seven new routes in the summer 2014 timetable. Today, SAS announces the …
SAS to offer 7 new routes in summer 2014 Read More