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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Norwegian salmon brand Salma pushes themselves back into the Asian market after initial efforts were disrupted by the pandemic. During the Seafood Expo Asia (SEA) event which was held from …
Norwegian salmon brand is ready for South East Asia Read More
72% of Finnish export companies believe China will at least maintain its importance as a trade partner. This was revealed in a survey distributed to export managers by Finland Chamber …
Finnish companies expect China’s importance to remain Read More
Volvo Cars said on Tuesday, September 19 that the company will end production of all remaining diesel models by early 2024. The move is a part of the strategy towards …
Volvo will end diesel car production by early 2024 Read More
The price on solar cells is currently historically low on the commodity market. The huge price drop is due to the market for polysilicon – a crucial ingredient in manufacturing …
China has forced the price of solar cells to plummet in Europe Read More
Norwegian Ambassador to Indonesia, Rut Krüger Griverin, encourages Indonesian sustainable companies to cooperate with their local societies. The ambassador and the Regent of Banyuwangi, Ipuk Fiestiandani Azwar Anas visited the …
Norway to sustainable Indonesia: Collaborate locally Read More
The Swedish School of Textiles’ knitting technology lab in Borås, Sweden, is cooperating with Swedish-Chinese car maker Polestar, on interior textile for the Polestar 4 electric SUV coupe. The Swedish …
Swedish School of Textile collaborates with Polestar on interior Read More
Norges Bank Investment Management, which manages the huge Norwegian Wealth Fund, has bought a 5 percent share in the local Malaysian company, Cahya Mata Sarawak Berhad. Cahya Mata is a …
Norwegian Wealth Fund invests in Malaysia Read More
Danish TROFACO is a non-profit organization dedicated to environmental conservation, climate action and social development by planting trees. The organization operates primarily in Southeast Asia, focusing on initiatives that go …
Danish TROFACO is planting trees in Southeast Asia for climate action Read More
The Danish toy company, LEGO, recently celebrated its planting of 50,000 trees at its factory in Binh Duong province, Vietnam. The factory which has been under construction since November last …
LEGO plants 50K trees at its factory in Binh Duong of Vietnam Read More
Norwegian Katrine Solhaug’s journey into the world of social consciousness and her commitment to making a positive impact have for several years been manifested in Babel Guesthouse in Siem Reap, …
Norwegian couple expands their eco-friendly concept in Cambodia Read More
Every now and then, one bumps into the word Viking. The Vikings never seem to stop impressing us. Here I will introduce you to another kind of Vikings, the siblings …
The Little Vikings by Clair and Kent Read More
Tanachira Retail Corporation Public Company Limited (TAN), the importer and distributor of the Danish jewelry brand Pandora, the Finnish fashion house Marimekko, and other luxury brands in Thailand is planning …
“Pandora” and “Marimekko” importer and distributor TAN to elevate its business strategy Read More
Maersk has finally launched the world’s ‘first green container ship’. The world’s “first green container ship” was presented in Copenhagen, Denmark, on September 14, by European Commission president, Ursula von der …
Maersk launches the world’s first green container ship Read More
PT Pertamina Power Indonesia and Danish Seaborg have signed a MOU to jointly explore the next generation of nuclear power technology. The MOU is mainly established to meet Indonesia’s future …
PT Pertamina Power Indonesia partners with Danish Seaborg Read More
Swedish shipping company Furetank and Canadian Algoma Central Corporation expands with an order for two additional Chinese build Vinga-class vessels. The new order for Vinga vessels grows the companies joint …
Swedish Furetank and Canadian Algoma signs up for more Chinese made Vinga vessels Read More
Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited. The company is thereby increasing its working interest in the …
Longboat Energy announces Asia acquisition Read More
The European Commission is considering imposing punitive rates to protect EU automakers against cheaper Chinese EV imports. “Global markets are now flooded with cheaper electric cars,” said European Commission President, …
EU considers imposing taxes against Chinese EV companies Read More
Norwegian SFL Corporation Ltd. received a car-shipping vessel, manufactured in China on Tuesday, September 12. The ship is dual-powered by liquefied natural gas to fulfill current emission requirements. The vessel, …
Chinese car-shipping vessel delivered to Norwegian SFL Read More
Finnish Wartsila Corp, that provides power solutions for the marine and energy market, plans to produce more dual-fuel and methanol-powered marine engines. The company has stated, that they seek opportunities …
Finnish firm optimistic on China’s shipping business Read More
Vinda International held a management presentation last week for potential buyers of a majority stake owned by Swedish Essity. The Swedish company started the sales process, of its 52% stake …
Hong Kong’s Vinda meets bidders for Essity’s stake Read More
Swedish footwear brand, Vagabond, has opened an official concept store via Chinese TMall. The brand states that it’s aiming to expand within the Asian market by launching a selection of …
Vagabond opens Tmall concept store Read More
Neste, the Finnish oil refiner and biofuels producer, said on Tuesday, September 12, that the company has raised its margin outlook for the third quarter of 2023. The concern added, …
Neste raises margin outlook while struggling to ramp up Singapore refinery Read More
The Danish Milk- and whey-based ingredients supplier, Arla Foods Ingredients, has signed a new agreement with China-based Zhongbai Xingye Food Technology Company, Ltd. The agreement continues the two companies’ partnership …
Danish Arla Foods and Chinese Zhongbai Xingye signs new agreement Read More
Europe’s solar power industry has warned, that cheap Chinese imports has pushed some EU manufacturers to the brink of bankruptcy. Norwegian Crystals, a producer of the ingot used in solar …
Cheap Chinese imports may cause bankruptcies in the EU Solar business Read More
The Tourism Authority of Thailand (TAT) is working on a campaign to make tourists from all over the world see Thailand as a sustainable place that prioritizes ecological protection. Thapanee …
TAT wants global tourists to see Thailand as a sustainable destination Read More
Several countries have blocked imports of Swedish pork. This is after a recent outbreak of African swine fever in wild boars in the Scandinavian country. ScandAsia could report, that Taiwan …
More countries block import of Swedish pork Read More
The Monetary Authority of Singapore has granted a capital markets service license to Denmark-based Nordea Asset Management. This allows the Scandinavian company to operate within portfolio construction and allocation and …
Danish Nordea gets Singapore license Read More
Norwegian offshore vessel provider, Siem Offshore, has secured a contract extension for the Siem Topaz vessel in Taiwan. The vessel was in March fixed by Helix Energy Solutions’ marine contracting …
Norwegian offshore vessel company awarded more work in Taiwan Read More
Visit Finland’s director of Greater China, David Wu, said in a recent interview with Xinhua that he was excited by China’s decision to reopen group tourism to Finland. China’s Ministry …
China’s Tourism Ministry opens group tourism to Finland Read More
H&M Group, Stripe and Shopify announced last week, that the companies are spending $7 million on carbon removal from new startups. The deal was facilitated by Frontier, a public benefit …
H&M spends $7 million on carbon removal in cooperation with Stripe and Shopify Read More
Anyone who brings pork products from Sweden into Taiwan will be fined a minimum of $6,248. This fine came into place following the detection of African swine fever (ASF) in …
Swedish pork forbidden in Taiwain after swine fever was detected Read More
The Vietnam Association of Seafood Exporters and Processors (VASEP) revealed a growing percentage of tra fish exports to Europe. Exports to Germany have increased 25% so far this year over …
Vietnam’s export of tra fish to Europe shows growth Read More
Beer Chang, the Thai beer brand, has bought the Norwegian cognac brand, Larsen Cognac. The deal has been agreed between International Beverage, a subsidiary of Thai Beverage Public Company Limited …
Thai Beer Chang buys Norwegian Larsen Cognac Read More
Norway’s $1.4 trillion sovereign wealth fund, is closing its only office in China and moving it to Singapore, the fund said on Thursday, September 7. The Norwegian fund has mentioned …
Norway’s wealth fund closes China office in shift to Singapore Read More
Norwegian offshore wind installation company Fred Olsen Windcarrier (FOWIC) has been awarded a contract with the Japanese sustainable growth company Shimizu for the transportation and installation of monopile foundations for …
Norway and Taiwan in wind farm contract Read More
Norway is ready to cooperate with the Philippines in their emerging offshore wind industry. From 5-6 September 2023, The Royal Norwegian Embassy and British Embassy in Manila held a two-day …
Norway interested in Philippine offshore wind projects Read More
The European manager of Chinese PTL told SVT on Tuesday, September 5, that they are holding discussions with a local party about another factory in Torsboda, Sweden. You Han, the …
Chinese PTL is planning another factory in Sweden Read More
Novo Nordisk has established itself in the medicine market with patents that earn billions. Mainly due to the obesity drug Wegovy and the diabetes medicine Ozempic. Both consists of an …
Approaching patent expiration in China may threaten Novo’s billion-dollar business Read More
Volvo Car is opening a new tech hub and global innovation center in Singapore. The new hub will be a key center for data and analytics, software and advanced manufacturing …
Volvo opens new tech hub in Singapore Read More
Bangkok Airways Public Company Limited (BA) and Singapore Airlines (SIA) has announced a new codesharing partnership. The partnership is set to provide consumers with more travel options between Singapore and …
More travel options due to new partnership between Bangkok Airways and Singapore Airlines Read More
The Swedish-Chinese EV maker, Polestar, plans to release a smartphone in combination with the launch of its first car in China in December. “The phone will only be sold in …
Polestar plans to release smartphone in China Read More
The world-famous Danish brewer Carlsberg now admits to having done business in Myanmar, even though the company earlier has stated, that it had withdrawn from the country. This is written …
Carlsberg admits to lying about Myanmar Read More
Lindström, the Finnish textile manufacturer, has continued its investment in China. The company recently opened a cleanroom laundry for the electronics industry in Tianjin. Tianjin is the seventh largest city …
Finland-based Lindström opens cleanroom laundry in China Read More
Vietnam’s wooden furniture and handicraft exports have shown signs of recovery in the past three months, according to Nguyễn Xuân Truyền, deputy director in charges of sales and marketing at …
Vietnamese wooden furniture and handicraft exports show signs of recovery Read More
Chinese companies are overhauling their counterparts when it comes to generating income from solar, wind, nuclear and other types of renewable energy. The US companies that make up the world-renowned …
China in forefront when it comes to renewables income Read More
The Anglo-Swedish pharma company, AstraZeneca’s Calquence product has been approved in China for the treatment of adults with leukemia. The company stated this on Monday, September 4. The product has …
AstraZeneca’s leukemia product approved in China Read More
The General Department of Customs and Excise of Cambodia (GDCE) reported that imports from China, Vietnam, and Thailand have grown in the first seven months of 2023 as these three …
Cambodia imports from neighboring countries grow Read More
The CEO of Swedish-Swiss multinational robotics firm ABB, Bjorn Rosengren, said he has been “disappointed” by the state of the Chinese market. Rosengren then added, that he had expected conditions …
Swedish ABB is challenged by current situation in China Read More
H&M Group has published an extended Green Finance Framework for the company, with an updated Sustainability-Linked Finance Framework, on September 1, 2023. With the new framework, the fast fashion Group …
H&M Group has published new sustainable framework Read More
Danish pharmaceutical company Novo Nordisk has surpassed LVMH and is now Europe’s most valuable listed company. LVMH, the world’s biggest luxury retailer, is currently suffering due to growing concerns about …
Danish Novo Nordisk surpasses LVMH as Europe’s most valuable company Read More