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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The Chinese competition authorities (MOFCOM) have approved the closing of the transaction whereby Hydro and Orkla will have 50/50 ownership of the planned Sapa joint venture, reports Norwegian Hydro in …
Chinese competition authorities have approved Sapa joint venture in aluminium solutions Read More
In attempt to build a brand in the growing Chinese vodka market, the Swedish brand Absolut has focused on educating the consumers on how to mix and consume vodka, the …
Swedish brand Absolut teaches Chinese how to drink vodka Read More
According to a press release from the Swedish Embassy to Vietnam, the Swedish businesses ABB, Scania and Swedish Export Credit Corporation (SEK) are ready to work in “fruitful long-term partnerships” …
Sweden is hunting mining partnerships in Vietnam Read More
Yesterday Nokia unveiled its Lumia 1020 in Nanjing in China in cooperation with Suning, China Unicom and Microsoft. The mobile phone features a 41-megapixel camera sensor that is higher than …
Nokia launches Lumia 1020 in China Read More
Norway’s Telenor, that recently won the Myanmar telecommunication tender, now says they will recruit around 3000 Myanmar nationals to provide local communication services, Myanmar’s Mizzima reports. The first step for …
Telenor to recruit 3.000 Myanmar staff Read More
The wind turbine manufacturer Vestas has booked an order from Chinese gas group Hanas New Energy. Danish wind turbine manufacturer Vestas will be supplying a Chinese regional gas supplier …
Vestas to supply Chinese gas supplier for the fifth time Read More
A 19,000-tonne cargo vessel is making the first journey by a Chinese merchant ship to Europe via the Northeast Passage, a shortened route that could revolutionize trade, state media reported on …
Chinese cargo ship opens new trade route to Europe Read MoreBe among the first movers and enjoy Danish relations already created to Water Days in Myanmar. Danish Water Services, Danish Water Technology Group, the Royal Danish Embassy and the Danish …
Room for two more companies to Water Days in Myanmar Read More
Finnish Outokumpu, the global steel company, is delivering the world’s largest stainless steel facade to China. The facade will be provided for the skyscraper hosting Ping An Finance Centre in …
Outokumpu delivers the world’s largest stainless steel facade to China Read More
The colorful Finnish clothing and design company Marimekko just opened a shop in the streets of Shanghai. The store is located at the IAPM Mall at Huaihai Middle Road. The …
Marimekko Shop opened in Shanghai Read More
Sweden’s Lundin Petroleum has submitted a development plan to Petronas for the Bertam oil discovery offshore Peninsular Malaysia. The company has a 75% operated interest in the surrounding PM307 license, …
Lundin close to sanction for Bertam offshore Malaysia Read More
Danish Novo Nordisk has been investigated along with other Western pharmaceutical companies suspected of bribery by the Chinese authorities. Novo revealed on Thursday, that a production facility in Tianjin on …
Novo Nordisk drawn into bribe scandal in China Read More
The Swedish fashion retailer H&M’s first Penang store in Gurney Paragon Mall opened on Wednesday 7 August. Though doors only opened at 11.00, some turned up in the wee hours …
H&M opens shop in Penang Read More
‘Klik.Villas’ is a complete holiday home rental management system that ensures you sustain the distribution and bookings for your home on channels like Agoda, Booking.com, Flipkey among others. Scandinavian home …
Let Klik rent out your holiday home Read More
Swedish telecom supplier Ericsson is approaching a huge and vital business assignment in China. The world’s largest telecommunication company China Mobile is about to order China’s new 4G network at …
Ericsson can get huge business in China Read More
The Norwegian company Ragasco has been invited to put up a new factory in the Philippines, its local partner says. The world’s leading producer of composite liquefied petroleum gas (LPG) …
Norway’s Ragasco may put up manufacturing plant in Philippines Read More
China is investigating global packaging giant Tetra Pak for “abusing” its dominant market role, an official said Friday, the latest in a series of probes aimed at foreign companies. According …
Tetra Pak probed by China for ‘market abuse’ Read More
An association of fishermen in the Philippines on Monday urged the Danish construction firm Ramboll to stop pursuing a reclamation project in Cavite City for the construction of an international …
Philippine group tells Ramboll to back off on reclamation project Read More
Finnish phone maker Nokia in the Philippines announced on Thursday the local launch of its newest flagship device, the Nokia Lumia 925. The Lumia 925 is a thinner, lighter, and …
Nokia Lumia 925 launched in the Philippines Read More
Finland-based consulting and engineering company Pöyry has been awarded the owner’s engineer services assignment for the Van Phong 1 2×660 MW coal-fired power plant project in Vietnam by Sumitomo Corporation. …
Pöyry awarded power plant project in Vietnam Read More
The Swedish Oriflame Cosmetic Company has launched its first ever showroom last month in Sangchaung Township, in Yangon. “In Asia, we are now distributing our cosmetic in India, China, Vietnam, …
Cosmetic firm Oriflame opens showroom in Myanmar Read More
The Finnish company Scanfil with production facilities in among other places China has upgraded its expected turnover for 2013 following its newly released half year result which showed a EUR …
Scanfil upgrades expectations for 2013 Read More
Lundin Petroleum AB (Lundin Petroleum) of Sweden will start exploring a new area offshore north eastern Indonesia. The new area has been awarded Lunding because another area, it had originally …
Lundin Petroleum to explore new area in Indonesia Read More
MatzForm has recently opened its new shop at 302 Jalan Besar in Singapore, offering high quality, classic Danish designed furniture. Soren Matz, the founder of MatzForm, talks to ScandAsia about …
MatzForm introduces Mid-Century Danish Furniture in Singapore Read More
Passenger cruise ship operator Genting Hong Kong Ltd said on July 31 it and other shareholders will sell a total of 23 million shares in Norwegian Cruise Line Holdings Ltd. …
Genting Hong Kong and other shareholders to sell 23 million Norwegian Cruise Line shares Read More
The book “Winning Without Loosing” written by the Danish Entrepreneur Martin Bjergegaard, was launched in Singapore on Thursday 25th of July at The Hub Singapore, National Youth Council Academy, 113 …
Martin Bjergegaard’s book launch: Winning Without Loosing Read More
Sweden’s Lundin Petroleum has agreed on a new production sharing contract off Indonesia to replace existing acreage that has been declared a protected area. The company said on July 30 …
Swedish Lundin Petroleum in Indonesian block swap Read More
Tesla Motors Inc. (NASDAQ:TSLA), a California-based electric car manufacturer, has just started their deliveries for the European market. The company announced on July 27 that its Supercharger station in Europe …
Tesla Motors Inc (TSLA) expands in Europe and China, building Supercharger in Norway Read More
Nokia Indonesia unveiled on Friday its new low-cost phone variant the Asha 210 that bridges the feature phone and the smart phone. The dual-SIM phone would be available in August …
Indonesia gets new Nokia Asha 210 Read More
The Yuan or Renmimbi as it is officially called in China overtook Thailand’s Baht and the Norwegian Krone, SWIFT said in a statement today, adding that its usage slipped 1.3 …
Yuan overtook Thai Baht and Norwegian Krone Read More
China’s solar panel manufacturers have received surprise help from Danish Trade Minister Pia Olsen Dyhr in their dispute with the European Commission which on June 4 decided to impose provisional …
Danish Trade Minister against EU blockage of China’s solar panels Read More
Thai travelers are likely to increase their budgets over 92 percent on their next trips according to the latest Visa Global Travel Intentions Study. The study indicates Thai’s travel budgets will …
Thai tourists are doubling their travel budgets Read MoreSweden’s trade surplus declined to SEK 4 billion in June from SEK 5 billion in May, a report from Statistics Sweden showed Friday last week. But there is still a surplus on …
Swedish Trade Surplus Declined In June Read More
Sweden is becoming a more popular travel destination than ever before, with tourist figures rising from 8.9 million in 2008 to 10.9 million in 2012, according to a new report …
Swedish tourism up by 2 million over 4 years Read More
Yara, the world’s biggest nitrogen fertiliser maker by sales volume, said strong demand from farmers for its premium crop nutrients helped offset pressure on prices from Chinese competitors. The Norwegian …
Yara beats profit forecast on record fertilizer deliveries Read More
Finnish paper and packaging group Stora Enso deferred a 1.6 billion euro ($2.1 billion) project in China in a move to safeguard cash flow that analysts said pointed to a …
Stora Enso delays China investment to protect cash Read More
Hosted by Southeast Asia General Manager Jean-Louis Macey, the grand opening of Sandvik Coromant Productivity Center in Bangkok was held on July 10 in presence of Swedish ambassador Klas Molin. …
Opening of Sandvik Coromant Productivity Center Read More Stora Enso is suffering from falling demand from print media in Europe. The group said it wanted to accelerate its development in China after receiving Chinese approval to build two …
Finnish paper maker Stora Enso eyes China project Read More
Maersk Line has deployed the world’s largest container ship on its China services to serve the nation’s growth in foreign trade. The first of the series of Triple-E vessels owned …
Maersk’s massive container vessels to deploy on Asia-Europe route Read More
Finnish mobile maker Nokia shipped fewer phones than forecast in the second quarter, despite a 32 percent rise in sales of its flagship Lumia smartphone. Shares traded down 4.26 percent after …
Nokia misses estimates; sales to China halve Read More
Investors in China may feel more upbeat if they consider the evidence of growth there in the latest results from Swedish company Alfa Laval, which makes equipment for heat transfer, …
Sweden’s Alfa Laval points to stability in Chinese market Read More
Loss-making Norwegian solar equipment maker Renewable Energy Corporation will split the company into separate solar and silicon divisions, independently list the two, raise cash and move out of Norway, it …
Norwegian REC to base its solar business in Singapore Read More
The 2014 IKEA Catalogue will be launched in Sweden, many parts of Europe and the United States in early August. In Thailand, the catalogue will be launched at the IKEA …
2014 IKEA Catalogue to be launched in Thailand on August 27 Read More
In response to significant growth in the market and the global demand in many enterprises, Double A has invested USD 6.1 million to upgrade its pulp production line in Thailand …
Double A invests in technology from Finland to upgrade Thai pulp plant Read More
Mark Hallum will take over as managing director of Volvo Car Manufacturing Malaysia Sdn Bhd from David Stenstrom, who has moved on to the role of senior director of Manufacturing Engineering …
Volvo Malaysia appoints Mark Hallum as managing director Read More
The food fair SIAL 2013, Shanghai was a great success for Scandic Foods Asia; the interest for Swedish food was constant throughout the entire fair, reports the company. More than …
Scandic Food a success at SIAL Shanghai Read More
FLSmidth, a Danish industrial conglomerate, has settled out of court a civil lawsuit in the Philippines by accepting to be paid $415,000 in compensation for damages. The agreement was signed on …
FLSmidth wins Philippine law suit Read More
Danish educated head of Google in China, Dr John Liu, will leave Google after six years as the head of its business in China. John Liu earned his Ph.D. in …
Danish educated head of Google in China steps down Read More
Swedish Healthcare has started training Chinese medical staff With the Beijing-based Intech Rehabilitation Hospital as their partner. A recent course focuses on the management of startup nursing homes and rehabilitation …
Swedish Healthcare training Chinese medical staff Read More
Patrik Brummer, founder and chairman of the Swedish hedge fund Brummer & Partners, expressed his faith in the Philippine economy over the next decade when he on 9 July introduced …
Swedish faith in the Philippine economy Read More