Ericsson is taking SEK 1 billion loss in 2nd quarter of 2020 in doing 5G business in China

According to an official statement published on 8 June 2020.Ericsson will face a SEK 1 billion loss due to pre-commercial written contract in 2nd quater of 2020, the corporate statement …

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Wärtsilä Regas modules supplied for China’s first new built FSRU

The technology group Wärtsilä published an official statement on the latest accomplishment of successfully managed and completed delivery of three large-scale regasification modules for China’s first new built LNG (Liquid …

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Norwegian offshore engineering won Malaysian base crude oil production company contract

Norwegian offshore EPC (Engineering, Procurement, Construction) contractor Aragon has won a contract to deliver topside modules for Malaysia-based Yinson’s Anna Nery FPSO that will produce oil from Petrobras’ Marlim field …

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Finnish fiber glass manufacturer supplies China electric buses for green initiative

Finland-based Exel Composites has supplied Chinese bus and coach manufacturer Yutong with fiberglass profiles for 33 electric buses which have been delivered to Helsinki, Finland. The introduction of the electric …

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