Scandinavian Business in Asia News

Scandinavian management – The four types of Viking bosses

Even though Denmark, Sweden, Norway and Finland are neighbours there is a big difference in management between the Nordic countries.  Gillian Warner-Søderholm, who teaches at The Institute of Communications,  Culture and Languages at the BI Norwegian School of Management has completed a large study in the form of a comprehensive questionnaire among 700 Nordic managers to…

Malaysia Airlines becomes oneworld alliance member

Finnair’s partner Malaysia Airlines becomes a full member of the oneworld alliance on Feb 1 following their code-share agreement that began in November last year. The 125 million members of the oneworld airlines’ frequent flyer programs, including Finnair Plus, can earn and redeem awards and tier status points and receive all other oneworld benefits on…

Volvo partner blacklisted by Swedish state pension fund

Dong Feng, owners of a Chinese truckmaker in which Volvo recently purchased a 45 percent stake, has been blacklisted by a major Swedish state pension fund for allegedly violating a United Nations weapons embargo. Sweden’s Seventh AP fund, as well as Norway’s oil fund, blacklisted Dong Feng because the company sold military equipment to countries currently under a…

Lego can be ‘Made in China’

The Danish toy giant Lego is considering to start its production base in Asia. “There are many places we are considering the options: Malaysia, Indonesia and Thailand, and China,” Lego head of the European market, Dirk Engehausen, said in an interview with the German newspaper Welt. Asia now generated 10 percent of total Lego sales, but the company…

Nokia invests $250 million in venture funding with China focus

Nokia on Jan 29 has green-lit another $250m in investment into mobile ecosystem development, with the company’s Nokia Growth Partners venture firm targeting China as an area of huge potential growth, a tech-news outlet Slashgear reported.   The new fund, Nokia Growth Partners’ (NGP) third, will also consider potential candidates from the US, Europe, and elsewhere in Asia,…

Carlsberg set to raise presence in Vietnam brewery

Hanoi brewery Habeco and Denmark-backed brewery Carlsberg are negotiating for a higher-level strategic cooperation deal, according to Vietnam Investment Review. The local press stated that under the potential deal, Carlsberg will see its ownership in Habeco, one of the three biggest beer companies in Vietnam, increase to a 30 per cent stake. Habeco is now…

Opening ceremony of Grundfos concept store in Shanghai

Monday the 28th of January the opening ceremony of Grundfos China concept store was held at the store location at Daning Central Square, Zhabei District in Shanghai. The ceremony featured opening speeches, Lion Dance Perfomance and ribbon cutting. During the ceremony Danish Ambassador Friis Arne Petersen gave a congratulatory address on Grundfos being leading in…

Volvo to become world’s largest truck maker with Dongfeng

Swedish truckmaker Volvo claims to have become the largest global manufacturer of heavy trucks after completing the purchase of 45 percent of Chinese firm Dongfeng Commercial Vehicles (DFCV), Swedish The Local reported. The firm announced on Saturday that it had agreed to pay almost 5.8 billion kronor ($900 million) for the stake in the Hubei-based firm, which…

Vestas losing ground in China

Danish Wind turbine giant Vestas is losing market share in the Chinese wind market, which is currently dominated by local manufacturers such as Goldwind, Guodian United Power, Sinovel and Ming Yang, a Danish press Business.dk reported. The company’s Chinese market fell in 2012 with installed capacity slipped to 14 gigawatts from 17.63 gigawatts of the year before,…