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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4 August 2021 – The value of Norwegian seafood exports amounted to NOK 9.5 billion in July which is an increase of NOK 1.6 billion, or 21 percent, compared to …
Explosive growth in value of Norwegian seafood exports in July Read More
The pandemic has created greater demand for goods to be shipped and now Maersk is significantly upgrading its expected result for 2021, BT reports. According to a company statement to …
Maersk raises expected operating profit due to increasing demand on goods shipped from China Read More
The Swedish fashion retailer H&M has been in far-reaching negotiations with the Spanish football club FC Barcelona, affectionately known as Barça to become the main sponsor for the first-team’s walking …
H&M renounced as FC Barcelona uniform sponsor reportedly over China backlash Read More
Jesper Hansen, Chief Commercial Officer at YesHealth Group in Taiwan, has played an instrumental role in establishing a business partnership with Danish start-up Nordic Harvest and setting up their first …
Nordic Harvest: Danish-Taiwanese indoor farming collaboration Read More
Haldor Topsoe, the Danish company specializing in carbon reduction technologies, has together with Shaanxi Yanchang Petroleum formed the joint venture JV to build a Methanol Catalyst facility in China and …
Haldor Topsoe join forces with Yanchang to build Methanol Catalyst facility in China Read More
The Swedish multinational clothing retail company H&M plans to open its first store in Cambodia next year, according to a recent article by local media Phnom Penh Post. H&M has not …
H&M to open first store in Cambodia next year Read More
Yesterday morning DTAC’s shares rose by 7 percent following a report published 26 July by London-based business intelligence service TMT Finance that Norway’s Telenor was considering selling its Thai mobile …
DTAC’s shares rose following reports that Telenor is looking to exit Thailand Read More
Global sportswear brand Mizuno has begun a partnership with Swedish firm Polygiene® targeting the rapidly growing demand for durable and high-performance activewear in the Chinese market, the Swedish firm recently …
Mizuno China expands the versatility of its products with Polygiene Technology Read More
A total of 474 civil society organisations have submitted a complaint to the OECD against Norway’s Telenor after the telecom giant earlier this month sold its Myanmar business to M1 …
Myanmar-based rights groups submit a complaint to the OECD against Telenor sale Read More
Nokia Mobile has partnered with ExpressVPN to offer a virtual private network service allowing users to encrypt the traffic between their Nokia phones and online sites. The service will be …
Nokia Mobile team up with ExpressVPN for service in selected Nordic and Asian countries Read More
Finland’s marine engine and equipment maker Wärtsilä announced on 23 July, that the company has entered into an agreement with two Chinese shipbuilding companies for the delivery of steerable and …
Wärtsilä to deliver thrusters for Chinese Offshore Wind Vessels Read More
The Swedish beauty tech and wellness company Foreo has launched at CDF Macau e-shop with China Duty-Free Group and King Power Group (HK) joint venture that operates stores at Macau …
Foreo launches at CDF Macau e-shop Read More
Singapore-based Sembcorp Marine (Sembmarine), the global marine and engineering group shipped on 25 July two wellhead topsides, one riser topside, and two bridges to TotalEnergies EP Denmark. The shipment departed …
Singapore’s Sembmarine to deliver offshore projects to TotalEnergies EP Denmark Read More
Volvo Cars have agreed to buy out parent company Zhejiang Geely Holding (GEELY.UL) from their joint ventures in China, potentially boosting the Swedish automaker’s valuation ahead of a planned share …
Volvo Cars to take full control of its Chinese business Read More
The Chinese electric vehicle maker Nio has shipped its first batch of flagship ES8 SUVs to Norway, the company said on 22 July. The shipment is a key step in …
Nio’s shipment of EV’s is en route to Norway Read More
Telenor ended a dramatic first half of the year with a sale of its business in Myanmar. The company still does not have the final calculation ready for the investment, but …
Telenor is raising the forecast for this year despite selling its Myanmar business Read More
Finnish network equipment maker Nokia has won part of three new 5G mobile phone technology contracts with Chinese telecom operator China Mobile, local media Helsingin Sanomat reports. China Mobile released the results …
Nokia secures 5G win with China Mobile, Ericsson loses share Read More
Swedish beauty brand IDUN Minerals and brand and e-commerce accelerator Aventura have entered into an agreement to further expand IDUN’s brand presence in the fast-growing Chinese market. The announcement was …
IDUN Minerals and Aventura partner to launch the brand in China Read More
The Finnish mining company Metso Outotec has entered into an agreement with PT Freeport Indonesia for the design and technology delivery of a new copper smelter to Gresik in Indonesia, …
Finnish Metso Outotec received a € 360 million giant order from Indonesia Read More
Sweden-based ISR Immune System Regulation Holding AB (publ), which develops inhalation vaccines against Covid-19 has signed an investment agreement with Singapore Resources Development PTE. Ltd, the company announced in this press …
ISR signs investment agreement with Singaporean company for development of inhaled covid-19 vaccine Read More
Bangkok, 20 July 2021 — Tetra Pak has been recognized as one of the world’s 50 Sustainability and Climate Leaders. The Swedish-Swiss food processing and packaging solutions company has been acknowledged …
Tetra Pak named as one of the Top 50 Sustainability and Climate leaders Read More
The Danish towage operator and Maersk subsidiary Svitzer AMEA has signed a 10-year time charter contract with the Philippines’ FGEN LNG Corporation, a wholly-owned subsidiary of First Gen Corporation to …
Svitzer AMEA to provide towage service to Philippines LNG terminal Read More
On 16 July, Swedish telecom giant Ericsson shares went down more than 8 percent as the company said it was no longer expecting to win 5G tenders in China, Reuters …
Ericsson no longer banking on winning 5G tenders in China Read More
Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Novo Nordisk specializes in diabetes care medication and the long-established Danish company has been providing …
Novo Nordisk to raise the amount of clinical trial investment in Thailand Read More
The Chinese carmaker Nio is to enter the Norwegian market in September making the Nio ES8 SUV available to Norwegian customers together with home chargers and superchargers. The carmaker also …
Chinese Nio’s ES8 SUV will be available for Norwegian customers in September Read More
Grundfos, a global leader in advanced pump solutions and water technology, and Barghest Building Performance (BBP), a Singapore-based energy efficiency technology provider, have signed a memorandum of understanding to deliver …
Grundfos partners with Singapore tech company to meet Southeast Asia’s sustainable cooling needs Read More
The Chinese steel companies are, with their cheaper prices for materials and large government support well on their way to out-competing the Danish steel companies – which are now looking …
Danish Steel companies are being pressured hard by Chinese counterparts Read More
The Netherland-based Shipping company AAL Shipping recently delivered four of the largest rubber-tyred gantry cranes (RTGs) in its history from China to the Port of Oslo, Norway, media Maritime Professionals reports. …
Huge cranes delivered from China to the Port of Oslo Read More
The Singapore-based oil and gas company Rex International Holding (REX) with its subsidiaries, the “Group” announce that the issuance of Lime Petroleum AS’s 2.5-year senior secured bond of NOK 500 …
REX: Lime Petroleum’s US$60 million senior secured bond issue completed Read More
In the last six months, several Chinese car manufacturers have launched electric cars (EVs) in Denmark, and they have already begun to challenge the established EV car industry including Volkswagen …
Chinese EV manufacturers challenge the established car industry in Denmark Read More
The Philippines ’ major provider of telecommunications services Globe Telecom, Inc., or just Globe has secured overseas 5G roaming partnerships with tie-ups Viettel of Vietnam and China Mobile of China. …
Globe Telecom secures new 5G roaming partnerships in China, Vietnam, and Sweden Read More
The Finnish telecom giant Nokia is suing China’s biggest smartphone manufacturer Oppo for patent infringement, Light Reading reports. The licensing agreement between Nokia and Oppo was signed in 2018 and expired in …
Nokia is suing Chinese Oppo for patent infringement Read More
It might seem paradoxical that the well-known Danish doctor and corona critic Vibeke Manniche has done so much to talk the covid-19 pandemic down in the last many months while …
Corona critical Danish doctor makes money on selling test kits from China Read More
Norway’s telecom giant Telenor should consider becoming a purely Nordic company, says equity analyst in DNB Markets Frank Maaø to media DN. E24 reports that the stock analyst has been following the …
Norway’s Telenor is struggling in Asia – Time to consider selling, says analyst Read More
Finland’s flag carrier Finnair will this winter be offering direct flights from Arlanda, Stockholm to Bangkok, and Phuket in Thailand. According to Breaking travel News, starting from 22 October, Finnair …
Finnair to offer long-haul routes from Sweden to Bangkok and Phuket Read More
Volvo Cars and its parent company Geely Holding have agreed to create a joint venture under the name Aurobay for its powertrain operations, as the companies proceed with their earlier …
Volvo Cars and Geely Holding create Aurobay for joint powertrain operations Read More
Norway’s telecom giant Telenor has entered into an agreement to sell 100 percent of its mobile business in Myanmar to M1 Group for NOK 900 million, the company recently announced. …
Norway’s Telenor sells its Myanmar business to M1 group for NOK 900 million Read More
According to reports from China, Finland’s Nokia is preparing the launch of its first 5G smartphone in China on 11 November, AH writes. The news reportedly came from Zhang Yucheng, the Product …
Nokia to launch its first 5G smartphone in China on 11.11 Read More
Favorable conditions for the installation of wind turbines in China primarily made 2020 a busy year for the wind turbine supplier Polytech and the company can present an annual result …
Danish Polytech doubled 2020 result primarily thanks to good market conditions in China Read More
The Chinese pharmaceutical company Shanghai Pharmaceuticals Holding Co. has acquired 100% of the share capital of the Finnish dental equipment manufacturer Fimet Oy along with its operations in Finland and …
Shanghai Pharmaceuticals acquires Fimet Oy and its operations in Finland and China Read More
Auramarine, the Finland-based fuel supply system provider for the marine industry and power plants has appointed Tomi Julin as the company’s new General Manager of Auramarine Asia Ltd. According to …
Auramarine appoints new GM to support growth plans in the Asian region Read More
Marsun Shipyard in Thailand has landed a contract for two Inertia M3 high-speed trimaran crew transfer vessels (CTVs) from the joint Danish-Taiwanese offshore establishment UMO, Offshore wind reports. UMO was …
Thai shipbuilder lands contract with Danish-Taiwanese offshore company Read More
The Philippines’ first IKEA store will launch its membership program, “IKEA Family,” on 7 July to reach, inspire, and support members in creating their dream homes. The Swedish furniture giant’s …
IKEA Philippines launches membership program Read More
According to a new report, figures show a sharp improvement in earnings in the second quarter of 2021 for the Swedish fashion giant H&M although the company recently took a hit …
Strong growth for H&M despite hit in China sales Read More
The export value of Norwegian seafood has never been higher in the first half of the year than in 2021, the Norwegian Seafood Council announced in a recent press release. …
Best first half-year of all time for Norwegian seafood exports Read More
In a recent article, the news agency Reuters reports that Norway’s Telenor is considering selling its business in Myanmar. Telenor itself states that they are considering various alternatives due to …
Reuters: Telenor is considering selling its business in Myanmar Read More
On 1 July, the Malaysian state-owned Digital Nasional Berhad (DNB) announced that it has chosen the Swedish telecom giant Ericsson to develop its fifth-generation (5G) network and ecosystem even though …
Malaysia appoints Ericsson over Huawei as 5G development partner Read More
Southern China is home to some of the world’s busiest container ports but recent outbreaks of the coronavirus have seen canceled flights, blocked communities, stopped trade along the coastline, and …
Maersk warns delay due to huge backlogs at Chinese ports Read More
Volvo Cars owned by Geely Holding of China is partnering up with Swedish battery maker Northvolt in the development of batteries for both Volvo and Polestar. To find out the …
Volvo Car partners with Northvolt to develop and manufacture batteries Read More
The Swedish brand Gaston Luga, producer of quality backpacks and accessories inspired by Scandinavian design and living, is now available in Thailand. According to an introduction by the Embassy of Sweden in …
Swedish Gaston Luga now available in Thailand Read More