(IN BRIEF) Latvia’s Kekava bypass, a pioneering public-private partnership (PPP) project, has been completed in just two years, diverting heavy traffic away from Kekava and promising more efficient travel through the Baltics. Despite a 17-year planning process and external challenges, … Read the full press release
(IN BRIEF) AF Gruppen’s subsidiary Kanonaden Entreprenad has secured a contract to construct and install a new series compensation station in Isovaara for Svenska kraftnät. This project, carried out in collaboration with Hitachi Energy, is part of the Aurora Line, … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden, Technology
Tagged AF Gruppen, Bård Frydenlund, Finland, Hitachi Energy, Isovaara, Kanonaden Entreprenad, partnership, power line, sustainability, Sweden
(IN BRIEF) Outokumpu has appointed Michael Tecza as Project Director and Hugh Embrey as Technical Project Director to lead an ongoing feasibility study in the Americas. The study aims to increase cold-rolling capacity and explore options for hot-rolling arrangements in … Read the full press release
Posted in Business, Finland, Industrial, Management, Metals and Minerals, News
Tagged Americas, appointment, feasibility study, Hugh Embrey, leadership, Michael Tecza, Outokumpu, Stefan Erdmann
(IN BRIEF) Neste, a leader in renewable and sustainable solutions, will release its financial results for the third quarter of 2023 on October 26, 2023, at 9 a.m. (EET) on its website. Additionally, Neste will host an investor conference call … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Management
Tagged analysts, conference call, financial results, investors, Neste
(IN BRIEF) The Nordic Investment Bank (NIB) and Stockholm Exergi Holding AB (Publ) have signed a 10-year SEK 1,300 million loan agreement to support critical energy infrastructure projects in Stockholm. This partnership aims to upgrade the district heating network, modernize … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Anders Egelrud, André Küüsvek, Green Energy, investment, KVV1, NIB, partnership, Stockholm Exergi, sustainability
(IN BRIEF) Zinnwald Lithium Plc (“Zinnwald Lithium”) and Metso are making significant progress in developing a beneficiation plant concept for the Zinnwald Lithium Project, located near Dresden, Germany. This project aims to supply battery-grade lithium hydroxide (LiOH) to the European … Read the full press release
(IN BRIEF) On Ada Lovelace Day, Vaisala celebrates the accomplishments of women in STEM fields while reaffirming its commitment to diversity, equity, and inclusion (DEI). In 2021, Vaisala established a DEI program group and launched its DEI strategy in 2022, … Read the full press release
Posted in Business, Education, Finland, Industrial, Management, News, Science, Society
Tagged Ada Lovelace Day, diversity, equity, Inclusion, Kristiina Palmu, Paige LaFlamme, STEM, Vaisala
(IN BRIEF) The Nordic Investment Bank (NIB) and retail store operator UAB Lidl Lietuva have signed a seven-year EUR 50 million loan agreement for Lidl’s new logistics centre in Vilnius, Lithuania. This facility will enable Lidl to expand its store … Read the full press release
Posted in Banks, Business, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Transportation & Logistics
Tagged André Küüsvek, expansion, Lidl Lietuva, Lithuania, logistics centre, NIB, partnership, Radostin Roussev-Peine, sustainability, UAB
(IN BRIEF) Finnish Tampere Tramway Ltd., along with the City of Tampere and the Municipality of Pirkkala, has enlisted AFRY as a key participant in an alliance dedicated to progressing the third phase of the Tampere tram network expansion. AFRY, … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Transportation & Logistics
Tagged AFRY, Mikko Inkala, NRC, partnership, sustainability, Sweco, Tampere Tramway, YIT
(IN BRIEF) An international research group conducted a study to understand which plants honeybees prefer when collecting nectar and pollen. Contrary to the perception of honeybees as generalists, the research found that they are selective in their choices. Honeybees’ selection … Read the full press release
Posted in Agriculture, Business, Education, Finland, Food & Beverage, Industrial, Management, News, Science
Tagged agriculture, Helena Wirta, Honeybees, nectar, pollen, Selective Pollinators, University of Helsinki
(IN BRIEF) Finland’s largest investment in the forest industry, Metsä Fibre’s new Kemi bioproduct mill, successfully commenced operations on September 20, 2023. AFRY, a key contributor to the project, provided extensive services throughout its various phases, from initial studies and … Read the full press release
(IN BRIEF) Ahlstrom, a key player in the packaging tape industry, is extending its product range with the introduction of MasterTape® Pack, aimed at addressing the global demand for more sustainable packaging solutions. As e-commerce continues to grow, the need … Read the full press release
(IN BRIEF) Finnish plant-based product producer, Oddlygood, has acquired the Nordic brand Planti® in a strategic move to strengthen its position in the plant-based dairy alternative market. The acquisition makes Oddlygood the market leader in plant-based dairy alternative spoonable snacks … Read the full press release
Posted in Business, Financial, Finland, Food & Beverage, Industrial, Investment, Management, News, Sweden
Tagged acquisition, Finland, Kenneth Hamnes, Kimmo Luoma, leadership, Niko Vuorenmaa, Oddlygood, partnership, plant-based, Planti, sustainability, Sweden, Valio
(IN BRIEF) Ahlstrom, a leading producer of sustainable and fiber-based packaging solutions, has achieved Western Michigan Recyclability Certification for several food packaging base papers utilizing its proprietary FluoroFree® technology. These products are used in applications like quick service restaurant packaging, … Read the full press release
(IN BRIEF) Kalmar, a division of Cargotec, has secured an agreement with Rotterdam Short Sea Terminals (RST) to deliver six Kalmar hybrid straddle carriers as part of the terminal’s fleet renewal program aimed at enhancing environmental sustainability. RST, Europe’s largest … Read the full press release
(IN BRIEF) Outokumpu, a leader in sustainable stainless steel, and Fissler, a premium cookware manufacturer, have collaborated to introduce Outokumpu Circle Green®, an innovative stainless steel with a remarkable up to 92% reduction in carbon footprint compared to industry averages. … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €175 million loan agreement with Valmet, a Finnish technology and services provider for the pulp, paper, and energy sectors. This financing will support Valmet’s research, development, and innovation activities, aiming … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged EIB, Energy Industries, Janne Pynnönen, paper, partnership, pulp, R&D, REPowerEU, sustainability, Thomas Östros, Valmet
(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a seven-year loan agreement with Norwegian utility company Varanger Kraft to support the upgrade of their hydrogen facility and the improvement of the electricity distribution network in Norway’s Varanger region. … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged André Küüsvek, Green Energy, hydrogen, NIB, Norway, partnership, sustainability, Varanger Kraft
(IN BRIEF) Neste, a Finnish company, has decided to pay a second extraordinary dividend of EUR 0.25 per share, in addition to the regular dividend approved at its Annual General Meeting in March. The second extraordinary dividend will be paid … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management
Tagged AGM, Annual General Meeting, dividend, extraordinary dividend, Neste, shareholder
(IN BRIEF) SSAB Europe’s Business Unit Finland is entering into change negotiations in Raahe due to ongoing weak demand. The company aims to structurally reduce fixed costs by at least EUR 10 million annually. These negotiations, involving approximately 2,400 employees, … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Management, Metals and Minerals, News, Sweden
Tagged acquisition, Costs cutting, Jarkko Matkala, negotiations, partnership, Raahe, SSAB
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