Latest Scandinavian China & Hong Kong News

Geely Pledges Major Volvo Capital Boost

Chinese car maker Zhejiang Geely Holding has vowed to pump an extra $900 million dollars into Volvo Cars on top of the $1.8 billion purchase price in a bid to revive the Swedish brand’s flagging fortunes.Geely will spend $2.7 billion dollars taking over Volvo, which includes theoriginal price tag plus $900 million in working capital,…

Ericsson Takes Home Massive Chinese Orders

Ericsson has signed two massive orders worth a combined $1.8 billion from China Mobile and China Unicom, according to a statement from the Swedish telecom company. Ericsson said it had won a $1 billion contract with China’s top operator China Mobile to provide it with equipment to “dramatically boost the capacity of the network and…

Film on Little Meraid’s Journey to China

Chinese artist Ai Weiwei who designed the Bird’s Nest stadium for Beijing Olympics will capture in a video the first overseas journey of Copenhagen’s landmark bronze statue the Little Mermaid to Shanghai, a media report said. The statue, created by Danish sculptor Edvard Eriksen in 1913, left Denmark’s Copenhagen harbour Thursday and will be displayed…

Nederman Buys Dantherm Filtration

The Swedish company Nederman Holding has bought the filtration business of Dantherm for 280 Mill. Danish kroner. After the acquisition is completed, the merged company will be the global market leader in industrial air filtration. The acquisition is good for Dantherm Filtrations future development, says Henrik Friis, head of Dantherm Filtration in China, Thailand, Vietnam and…

Damco Opens Chengdu Office with 1000 Staff

Damco, the freight forwarding company of the A.P. Moller-Maersk Group, officially announced the opening of its office in Chengdu, Sichuan province on Wednesday. The soft opening of the office took place late last year. Damco’s new customer service facility is located together with Maersk Global Service Centres, a company providing back office functions for A.P.…

Maersk Worker’s Dead in China Creates Chemical Dispute

33-year-old Mo Desong painted container vessels for Maersk and got benzene poisoning. He died on the 30th October 2009. Maersk paid 293,000 dollars in damages, but denies any responsibility in his deed, reports the Danish newspaper Information. Mo Desong worked at A.P. Moller-Maersk’s container factory in southern China and was diagnosed with occupational benzene poisoning…

The Danish Chamber of Commerce in Hongkong’s Annual General Meeting 2010

The DCC Annual General Meeting was held at The Royal Hong Kong Yacht Club on Thursday March 11, 2010.Facilitator Mr. Anders Larsen commenced the meeting at 6:30pm and steadily made sure the meeting progressed smoothly and according to the Constitution. First point of the agenda was the Chairman’s Report which of course was presented by…

Wärtsilä Selected Best Supplier in China

Wärtsilä, the marine industry’s leading ship power system integrator, has received an award for supplier excellence from CNOOC, the China National Offshore Oil Corporation. After rigorous internal evaluation by project management teams, 28 Chinese and international vendors participating in nine of CNOOC’s major projects were honoured. Wärtsilä is involved in four of these projects. This…