Jomtien Beach Penthouses held a big pool side reception on Sunday 19 December 2010 to celebrated its official opening. The Jomtien Beach Penthouse is the latest hotel and residence project by the active Danish couple Ib and Kannikar Ottesen – and the first project sold with the help of their son Allan Ottesen. See all…
Sweden-based private equity group EQT has acquired 30 per cent of Chinese aluminium part manufacturer Modern Metal and Precision Holdings. EQT’s equity will be provided through a new share issue. The funding will be used to expand production and establish a third Modern Metal plant in China. Duen and CT Fung, who founded Modern Metal…
Danish start-up electric car designer Fisker Automotive is negotiating a deal to sell its luxury, plug-in Karma model in China and remains open to partnerships with larger rivals, Chief Executive Henrik Fisker said on Tuesday. “We’re going into China in the second half of next year. We’re already finalizing negotiations with a major Chinese distributor,”…
IKEA, the world’s largest furniture retailer plans to double its orders from Vietnam in the next three years. At the moment, the conglomerate is the largest buyer of Vietnamese hand-made products. Mikael Demitz-Helin, manager of IKEA Trading in Southeast Asia, says Vietnamese suppliers of products like textiles, furniture, handicrafts and ceramics were highly competitive on…
The number of Swedish employees working in China has doubled in the last five years, according to a comprehensive report issued by an engineering industry group in Sweden surveying the current industrial landscape between the two countries. Over 11,500 Swedish companies trade with China, while nearly 600 have a local presence, according to the “Swedish…
An intrepid Danish couple who set out from Copenhagen in an electric car 113 days ago finally arrived in Shanghai yesterday afternoon, their first major destination in a round-the-world tour. Their vehicle, a modified green Nissan, trundled slowly into the Denmark Pavilion at the World Expo site for a two-day exhibition, and immediately attracted the…
High-profile delegates to the first China Eastern Bicycle Expo share their views on the sustainable growth of the industry. Anders Pedersen, senior manager of the Denmark pavilion during the 2010 Shanghai Expo: Cycling is not just a sport, not just a means of transport. It’s also a way of life that is green, healthy and…
The implementation of the Association of Southeast Asian Nations (ASEAN) free trade agreement (AFTA) and recent political turmoil in Thailand have opened up an opportunity for Indonesia to become the regional production hub for automobiles and auto components. A deputy chairman of the Indonesian Automotive Industry Association (Gaikindo), Johnny Darmawan, said Indonesia had the chance…
Two of the clothing industry’s biggest names have joined an effort to clean up Chinese textile mills, which are infamous for spewing chemicals into rivers and streams while using massive amounts of water and energy. Today at the Clinton Global Initiative, established by the former president to promote collaboration between governments, nonprofits, and the private…
Nina Rasmussen and Hjalte Tin, who set out from Copenhagen almost three months ago in their electrical cars, have now reached Beijing and a well deserved break after crossing through Russia and the Gobi Desert. The Danish writers and adventurers, Nina Rasmussen and Hjalte Tin initially wanted to tour China in an electrical car to experience…
