(IN BRIEF) Neste has achieved a significant milestone in chemical recycling by processing pyrolysis oil derived from discarded vehicle tires, supplied by Scandinavian Enviro Systems, into high-quality raw material for new plastics and chemicals at its refinery in Porvoo, Finland. … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Science, Sweden, Technology
Tagged Andreas Teir, chemicals, Discarded Tires, Enviro Systems, High-Quality Raw Material, Neste, partnership, plastics, pyrolysis oil, recycling, Susanna Sieppi, sustainability, Sweden
(IN BRIEF) Neste, a global leader in renewable diesel production, teams up with New Jersey Natural Gas (NJNG) to tackle greenhouse gas emissions by adopting Neste MY Renewable Diesel™ for NJNG’s medium-duty trucks and equipment fleet. This initiative marks NJNG … Read the full press release
(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged Egidijus Lazauskas, EIB, Electric and Battery Trains, investment, Jeanette Vitasp, Lithuania, LTG Link, Marius Skuodis, NIB, rail electrification, Thomas Östros
(IN BRIEF) Researchers at the Institute for Atmospheric and Earth System Research (INAR) at the University of Helsinki have discovered that modern weather models accurately predict the energy emitted and reflected by the Earth, affecting the movements of low Earth-orbiting … Read the full press release
Posted in Aviation & Aerospace, Business, Education, Environment, Financial, Finland, Industrial, Investment, Management, News, Science, Technology
Tagged Institute for Atmospheric and Earth System Research (INAR), Modern Weather Models, partnership, Sanam Motlaghzadeh, Satellite Movement Predictions, sustainability, University of Helsinki
(IN BRIEF) In celebration of Earth Day, ZWILLING collaborates with Outokumpu to launch a special edition knife block set crafted with Circle Green Dura stainless steel, embodying sustainability and style. The initiative underscores Outokumpu’s commitment to reducing carbon emissions in … Read the full press release
Posted in Business, Environment, Finland, Industrial, Management, Metals and Minerals, News
Tagged Christian Koch, Circle Green® Steel, Earth Day, Knife Set, Outokumpu, partnership, STAHL KREBS, sustainability, ZWILLING
(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release
(IN BRIEF) Metsä Group partners with ANDRITZ to conduct a pre-study for a groundbreaking commercial mill dedicated to producing Kuura textile fiber, a sustainable product derived from Finnish wood. This collaboration aims to develop innovative pulp pre-treatment methods, integrate textile … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Investment, News, Technology
Tagged Andritz, Finland, Kari Tuominen, Kuura Fiber Production, Metsä Group, Niklas von Weymarn, partnership, sustainability
(IN BRIEF) Citycon Oyj’s Board of Directors has approved the launch of a new stock option plan and restricted share unit plan aimed at the Chief Executive Officer, aiming to enhance alignment between shareholder objectives and CEO incentives while bolstering … Read the full press release
Posted in Business, Financial, Finland, Industrial, Investment, Management, News, Real Estate, Retail
Tagged CEO Objectives, Citycon, Financial, Incentive Plans, investment, Shareholder Value
(IN BRIEF) Citycon introduces Spotlight, a dynamic suite of flexible solutions designed to enhance retailer visibility in its Nordic region centres, catering to the evolving retail landscape. Spotlight extends beyond traditional leasing, offering retailers prime exposure in high-traffic areas through … Read the full press release
Posted in Business, Finland, Industrial, Management, News, Real Estate, Retail, Technology
Tagged Citycon, Jussi Vyyryläinen, Nordic Centres, retailers, Spotlight Solutions
(IN BRIEF) BASF announces the commencement of change negotiations at its precursor cathode active materials plant in Harjavalta, Finland, due to prolonged permitting processes and regulatory uncertainty. The decision, prompted by the suspension of the environmental permit’s immediate enforcement by … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged BASF, Finland, Harjavalta Plant, negotiations, partnership, sustainability, Tomi Oja
(IN BRIEF) Nokia has disclosed that it will unveil its first-quarter interim report on April 18, 2024, at 8 a.m. Finnish time, with the report promptly available on the company’s website. The summary will emphasize Nokia Group’s financial performance and … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, News, Technology, Telecom
Tagged Analyst Webcast, Financial, First-Quarter Interim Report, investment, Nokia
(IN BRIEF) In a bid to accelerate the transition towards a circular economy, Borealis has announced a significant investment of EUR 4.5 million in the cracker furnaces of its Porvoo site. This investment aims to increase the utilization of renewable … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) has entered a nine-year loan agreement with Latvijas Gaisa Satiksme (LGS) to co-finance its investment program for air navigation advancements from 2024 to 2026. The EUR 25 million loan will support the modernization and … Read the full press release
Posted in Aviation & Aerospace, Banks, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Technology
Tagged Air Navigation Technologies, André Küüsvek, Dāvids Tauriņš, Latvian Air Transport Infrastructure Company, Latvijas Gaisa Satiksme (LGS), NIB, partnership, sustainability
(IN BRIEF) A study conducted at the University of Helsinki under the DyslexiaBaby project reveals that infants’ neural responses to speech sounds can predict their later development of language and literacy skills. Stronger neural responses in the left side of … Read the full press release
(IN BRIEF) Cargotec Corporation has approved a demerger plan, separating the Kalmar business area into an independent listed company by June 30, 2024. Shareholders, representing a significant portion of Cargotec’s shares and votes, have expressed support for the demerger. Consequently, … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Cargotec, Financials, investment, Kalmar
(IN BRIEF) Metso Corporation’s Tampere factory in the Aggregates business area faces challenges with low new orders and delays in material deliveries, resulting in increased inventories of finished goods. To align manufacturing with the temporarily reduced production volumes, Metso has … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Management, Metals and Minerals, News
Tagged Financial, Metso, Tampere Factory
(IN BRIEF) The Bicentennial Schools Programme, a collaborative effort between the Government of Peru, the UK Government, and Finland, aims to bolster school infrastructure and enhance access to education by constructing 75 schools across Peru. AFRY, as part of the … Read the full press release
Posted in Business, Construction, Education, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, United Kingdom
Tagged AFRY, Education Infrastructure, Finland, Koulu Consortium, partnership, PERU, sustainability, UK Government
(IN BRIEF) Fortum, a leading clean energy provider, has completed the due diligence process after submitting an official commitment letter for the Science Based Targets initiative (SBTi). With a goal to align its emissions reduction targets with climate science, Fortum … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged climate science, Emissions Reduction Targets, Fortum, Markus Rauramo, sustainability
(IN BRIEF) Outokumpu Oyj’s Annual General Meeting held in Helsinki, Finland, endorsed all proposals by the Board of Directors and the Shareholders’ Nomination Board. The meeting approved financial statements, discharged liability for the Board and CEO for the year 2023, … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, Media, Metals and Minerals, News
Tagged Annual General Meeting 2024, appointment, Heinz Jörg Fuhrmann, Julia Woodhouse, Jyrki Mäki-Kala, Kari Jordan, Kati ter Horst, leadership, Outokumpu, Päivi Luostarinen, Petter Söderström, Pierre Vareille, PricewaterhouseCoopers Oy
(IN BRIEF) Outokumpu Oyj’s Board of Directors, at its inaugural meeting, has established two permanent committees: the Audit Committee and the Remuneration Committee. For the Audit Committee, Jyrki Mäki-Kala was elected as Chairman, with Päivi Luostarinen, Petter Söderström, and Julia … Read the full press release
(IN BRIEF) Researchers at the University of Helsinki’s Institute for Atmospheric and Earth System Research (INAR) conducted a study in Finland’s Siikaneva peatland, revealing significant insights into pre-industrial aerosol formation processes. The investigation highlighted the release of highly oxygenated organic … Read the full press release
(IN BRIEF) Vaisala, a leading provider of instruments and intelligence for climate action, has received approval from the Science Based Targets initiative (SBTi) for its near-term science-based emission reduction targets. These targets commit Vaisala to reducing its direct and indirect … Read the full press release
Posted in Business, Environment, Finland, Industrial, Management, News
Tagged Anne Jalkala, Emission Reduction Targets, Science-Based Approval, sustainability, Vaisala
(IN BRIEF) Vodafone and Nokia have conducted successful tests of a new Internet technology that promises to significantly enhance the home broadband experience, particularly for activities like gaming and video calls. The technology, known as L4S (Low Latency, Low Loss, … Read the full press release
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Technology, Telecom, United Kingdom
Tagged Azimeh Sefidcon, Finland, Gavin Young, Home Broadband, Internet Technology, L4S (Low Latency Low Loss and Scalable throughput), Nokia, partnership, vodafone
(IN BRIEF) Three Mushketeers, a startup founded by Emmi Korjus, Emma Kynkäniemi, and Ida Nikkilä, is revolutionizing the use of surplus mushrooms by creating a mushroom powder that enhances the taste of vegetarian dishes. The powder, currently in its second … Read the full press release
(IN BRIEF) Hiab, a division of Cargotec, has announced a significant order worth EUR 7.3 million for WALTCO tail lifts in the US from a national discount retailer, booked in Cargotec’s Q1 2024 orders. The retailer, with numerous stores across … Read the full press release
Posted in Business, Financial, Finland, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Cargotec, Hiab, James Peck, partnership, US retailer, WALTCO Tail Lifts
(IN BRIEF) The University of Helsinki has initiated a doctoral education pilot, sponsored by the Finnish Ministry of Education and Culture, offering three-year positions for doctoral researchers. With 236 vacancies across 11 sectoral pilots, the application period runs until April … Read the full press release
(IN BRIEF) Stora Enso has released its Green and Sustainability-Linked Financing Report for 2023, highlighting the allocation of proceeds from green bonds and bilateral loans. The report details the environmental benefits achieved through projects in sustainable forest management and product … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) and Aalto University Foundation sign a EUR 45 million loan agreement for the construction and renovation of Aalto University campus buildings in Espoo, Finland. The funding supports projects aimed at enhancing higher education, research, … Read the full press release
Posted in Banks, Construction, Education, Financial, Finland, Industrial, Infrastructure & Utilities
Tagged Aalto University, Aalto University Foundation, Aalto-korkeakoulusäätiö sr, construction, Espoo, financing, Finland, K3, Kide, Kide buildings, loan, Marsio, NIB, Otaparkki, renovation
(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, European Union, Financial, Finland, France, Germany, Iceland, Industrial, Investment, Management, News, Poland, Serbia, Slovakia, Small Business, Society, Spain, Turkey, Ukraine
Tagged Bosnia and Herzegovina, Carlo Monticelli, CEB, Europe, Finland, France, Germany, Iceland, investments, partnership, Poland, SERBIA, Slovakia, Social Sector, Spain, Turkey, UKRAINE
(IN BRIEF) A recent study by the University of Helsinki and the University of Tampere suggests that Lewy body disease, the second most common brain degenerative disorder after Alzheimer’s, may be more prevalent in middle-aged individuals than previously believed. Utilizing … Read the full press release
(IN BRIEF) Hiab, a part of Cargotec, introduces a new lineup of emission-free electric hybrid crane solutions, known as HIAB wspr, offering versatility and sustainability for various segments. These cranes, powered by both truck engines and electric power take-off (ePTO), … Read the full press release
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged Cargotec, emission-free, Hiab, HIAB wspr, Hybrid Crane, Mattias Berglund, partnership, sustainability
(IN BRIEF) Nordea announces the update of its internal allocation framework at the onset of 2024, aimed at bolstering transparency, accountability, and decision-making efficacy in capital deployment and resource allocation. The revised framework aligns business area profitability metrics with the … Read the full press release
Posted in Banks, Business, Economy, Financial, Finland, Industrial, Investment, Management, News
Tagged decision-making, Financial, Internal Allocation Framework, investment, Nordea
(IN BRIEF) Telia Denmark has once again clinched the top spot for customer-perceived network quality in the country, thanks to Nokia’s advanced managed services. Umlaut, a renowned advisory firm, bestowed this recognition for the second consecutive year, underscoring Telia’s commitment … Read the full press release
Posted in Artificial Intelligence (AI), Awards, Business, Denmark, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged Awards, Daniel Askeroth, Erez Sverdlov, Managed Services, Network Excellence, Nokia, partnership, sustainability, Telia Denmark, umlaut
(IN BRIEF) The Nordic Investment Bank (NIB) has inked a 10-year loan agreement with Svenska Cellulosa Aktiebolaget SCA (Publ) to co-finance the Fasikan Wind Farm in Jämtland county, northern Sweden. Valued at SEK 1 billion, this loan will bolster the … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Fasikan Wind Farm, Kim Krokfors, NIB, Northern Sweden, partnership, sustainability, Svenska Cellulosa Aktiebolaget SCA
(IN BRIEF) Norwegian People’s Aid, in collaboration with Telia, is piloting the use of portable mobile base stations to extend cellular coverage in areas lacking network infrastructure. This initiative aims to enhance communication capabilities during critical search and rescue missions, … Read the full press release
Posted in Business, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Non Profit, Norway, Technology, Telecom
Tagged Henning Huuse, humanitarian, Jon Christian Hillestad, Kristoffer Christiansen, Norway, Norwegian People’s Aid, partnership, Portable Mobile Base Stations, Search and Rescue Missions, sustainability, Telia
(IN BRIEF) Citycon Oyj has released its 2023 Sustainability Accounts, showcasing the impact of its revised sustainability strategy. Key achievements include the transformation of centers into transportation hubs emphasizing green mobility, integration of AI technology for enhanced energy efficiency, and … Read the full press release
Posted in Business, Environment, Finland, Industrial, Marketing, News, Real Estate, Transportation & Logistics
Tagged Citycon, Community Engagement, Green mobility, Henrica Ginström, sustainability
(IN BRIEF) Gasum, a leading Nordic energy company, and the Norwegian Road Transport Association (NLF) have joined forces to promote the use of biogas as a key component of Norway’s green energy transition. The collaboration aims to raise awareness about … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Transportation & Logistics
Tagged biogas, fossil diesel, Gasum, Jogeir Munkeby, Kjell Olafsrud, Norway, Norwegian Road Transport Association (NLF), partnership, Rune Amundsen, sustainability, Transportation Industry
(IN BRIEF) Alma Media Solutions Brand Studio’s podcast, “Cyber Pirates,” designed for DNA business solutions, has been recognized as the best podcast in the esteemed digital marketing Grand One competition. The eight-part series, targeting business decision-makers, garnered over 22,000 listeners, … Read the full press release
(IN BRIEF) Metsä Group has announced plans to build a demo plant for lignin refining at its Äänekoski bioproduct mill, with equipment supplied by ANDRITZ. Scheduled for completion in late 2025, the plant aims to refine lignin, a substance in … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, Finland, Ismo Nousiainen, Kari Tuominen, lignin, Lignin Refining Demo Plant, Metsä Group, partnership, Raquel Fortes, sustainability
(IN BRIEF) Metso, a leading provider of sustainable solutions for the mining and aggregates industries, has inaugurated its largest service center globally in Karratha, Western Australia. With an investment of approximately EUR 32 million, this expansive facility spans 35,000 m² … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology, Transportation & Logistics
Tagged Global Service Center, Karratha, Metso, partnership, Sami Takaluoma, Stuart Sneyd, sustainability, Western Australia
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
