Latest Scandinavian Business News

Palu City and Swedish company signed a biogas plant contract

On Jan 9, an Indonesian city of Palu has signed a contract with Biogas Systems AB on the renewable energy project. Palu City, represented by the Vice Mayor of Palu, Mr. Andy M. Tombolotutu, and Biogas Systems AB of Sweden, represented by the CEO Mr. Tony Zetterfeldt, signed a contract on biogas plant on January…

Finnish battery maker builds plant in Tianjin

Finnish battery maker European Batteries Oy will build a production center in north China’s city of Tianjin, local officials confirmed on Tuesday. According to China Daily, the center, located in Tianjin’s Binhai New Area, will manufacture lithium-ion batteries for hybrid and electric vehicles, according to an agreement signed by the company and the local government…

Finnair is world’s safest airline; China Airlines ranked last

Finnair has been ranked as the world’s safest airline in the 2012 JACDEC Safety Index. This is the first time Finland’s national carrier has topped the rankings. After Finnair came Air New Zealand, Cathay Pacific Airways, Emirates and Etihad. “Of course we are pleased, as safety is the kind of thing where you can’t compromise,”…

Wärtsilä establishes joint venture in China

Finnish Wärtsilä and Yuchai Marine Power,a subsidiary of Guangxi Yuchai Group, have established a joint venture for manufacturing medium-speed marine engines in Zhuhai City, Guangdong Province, China. The 50/50 joint venture will serve the Chinese shipbuilding industry, and focus on the assembly and testing of Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines. Operations are…

Denmark helped organize world’s longest catwalk

On Dec. 9, 2012, Models from nearly 40 Danish fashion houses joined the World-record breaking 3.2 kilometers runway show in Hong Kong. A catwalk show “The World’s Greatest Catwalk” was the result of collaboration between Danish Fashion Institute and Hong Kong Fashion Designers Association. It was held in Victoria Harbour waterfront of Tsim Sha Tsui…

Saab to build factories in Qingdao, China

Qingdao Qingbo Investment, State Power Group, and NBE Sweden AB signed an agreement on Jan 7 to build Saab cars in Qingdao, Shandong province, China. The three parties involved pledged to invest 10 billion yuan ($1.6 billion) to construct a vehicle factory for manufacturing automobiles powered by both conventional internal-combustion engines and alternative fuel engines.…

China and Vietnam, Finland’s Tsunami rescuers

After a speculation over this year’s recession period being extended to the forth quarter, some of businesses in Finland have already set their eyes on the international markets for help. Manufacturers, including engineering company Metso Oyj (MEO1V) and papermaker UPM-Kymmene Oyj (UPM1V), are moving production closer to their customers in emerging markets in response to…