Latest Scandinavian Manufacturing News

Volvo refinance SEK5 billion to Swedish investors

Swedish origin Volvo Cars, owned by China’s Geely Holding announced in a statement on 16th December 2019, that they had issued SEK5 billion worth of convertible preference shares to a group of Swedish institutional investors, comprising Swedish pension fund AMF and Swedish insurance and pension savings group Folksam. “Today’s announcement represents a significant, continued endorsement…

Unique Monitor ERP System Malaysia – OCBC Bank MoU supporting SMEs

On 27 November the Monitor ERP System’s Malaysian subsidiary landed yet another milestone for 2019 by entering into a Memorandum of Understanding with OCBC bank. This new partnership will enable lending support to SMEs wishing to purchase the Swedish cutting-edge ERP system for manufacturing. “Financing of software is, as we all know, very rare. So…

Swedish protective gloves business in Kuala Lumpur

Soft Touch AB is a leading brand and producer particularly of work gloves for the international market. STIL Services Malaysia Sdn. Bhd. (STIL) is the group’s Kuala Lumpur-based entity, where also the Swedish CEO Michael Cederkvist is based. From Malaysia STIL conducts product and business development, quality assurance and logistics for the production in Asia…

Danish union blames Amazon for abuse of Chinese students

The Danish labour union 3F blames Amazon for the abuse of Chinese school kids who intern at Hengyang Foxconn manufacturing goods to be sold on Amazon. Hengyang Foxconn recruited 1581 Chinese students aged 16-17 in July 2019 and currently more students are hired. Foxconn is the world’s largest manufacturer of electronics and produces products for…

Vietnam partnered with Ericsson to forge strategic Industry 4.0

Ericsson announced on its website that it has signed a series of strategic agreements with Government of Vietnam to expand Industry 4.0 in Vietnam. Inked by Vietnam’s Prime Minister Nguyen Xuan Phuc, Ericsson President and CEO Börje Ekholm and Head of Ericsson Vietnam and Myanmar Denis Brunetti, the agreements had its signing ceremony held at…

Monitor ERP System Levels Up in Asia

Monitor ERP System Sdn Bhd recently celebrated the opening of their new ASEAN headquarters in Penang, Malaysia. On that same day, the Monitor ASEAN team held a launch event for their latest product offering, MONITOR G5. 10 years in developing, and 40 million Euro invested, MONITOR G5 comes to the Malaysian Market to help manufacturing…

Monitor ERP System Malaysia levels up to conquer Southeast Asia

10 April was an auspicious Swedish day in Penang, Malaysia as Monitor ERP System both inaugurated their new, expanded Asean headquarters and launched their enterprise resource planning (EPR) system’s fifth generation (G5). With owner Jörgen Persson and Group CEO Morgan Persson flown in for the occasion Monitor impressed Sweden’s Ambassador to Malaysia H.E. Dag Juhlin-Dannfelt,…

Scania makes Thailand its new hub in Asia

Scania, a leading Swedish heavy trucks and buses manufacturer, established a new factory in Thailand to serve as a new hub for strengthening its market in Thailand and Asia. With a new facility for truck cabs and bus chassis in the Bangkok Free Trade Zone, Scania’s new factory was considered as the biggest investment (EUR…