(IN BRIEF) The Nordic Investment Bank (NIB) has provided a EUR 15 million loan to the City of Pärnu, Estonia, to fund key infrastructure projects, including the construction of a new city bridge, which will be the longest in the … Read the full press release
Posted in Banks, Business, Construction, Environment, Estonia, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged André Küüsvek, Infrastructure Project, Meelis Kukk, NIB, Pärnu, partnership, sustainability
(IN BRIEF) Resand Ltd, a Finnish company specializing in sand regeneration technology for foundries, has secured a EUR 3 million loan from Nefco, the Nordic Green Bank. This funding will help Resand expand its operations and meet the growing demand … Read the full press release
Posted in Banks, Business, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged NEFCO, partnership, Resand Ltd, Sand Recycling Technology, sustainability
(IN BRIEF) Gasum has partnered with Hapag-Lloyd to supply 20,000 metric tons of waste-based bio-LNG over two years as part of the Zero Emission Maritime Buyers Alliance (ZEMBA) initiative. The bio-LNG, which significantly reduces greenhouse gas emissions, will be used … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics
Tagged Bio-LNG Supply, Gasum, Germany, green shipping, Hapag-Lloyd, Jacob Granqvist, partnership, sustainablity
(IN BRIEF) Kati ter Horst will become the President and CEO of Outokumpu on October 1, 2024, leading to her resignation from her current role as a member and vice chairman of the company’s board of directors. The board will … Read the full press release
(IN BRIEF) Stora Enso has initiated immediate actions following an environmental violation at one of its harvesting sites in Kainuu, Finland. The company has suspended all harvesting in sensitive areas until operational guidelines and risks are reassessed. Additionally, Stora Enso … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Investment, Law, Management, News
Tagged Environmental Violation, Finland, Hans Sohlström, Stora Enso, sustainability
(IN BRIEF) Metso has initiated union negotiations regarding potential temporary layoffs of up to 90 days in its Aggregates business area in Finland. This decision comes in response to low demand, high inventory levels, and a decrease in orders at … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Aggregates Business, economy, Financial, Metso, Temporary Layoffs
(IN BRIEF) The European Investment Bank (EIB) has committed €150 million to support the Keliber lithium project in Finland, operated by Sibanye-Stillwater. This investment is part of a €500 million package aimed at establishing the EU’s first integrated battery-grade lithium … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Finland, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News, Technology, Transportation & Logistics
Tagged EIB, electric vehicles, EU, Finland, Keliber Project, Lithium Supply, partnership, sustainability
(IN BRIEF) Hiab, a subsidiary of Cargotec, unveiled its latest sustainable load handling solutions at the Elmia Lastbil exhibition, the Nordic region’s largest transport event. Key highlights included the world premiere of the MULTILIFT eUltima, a hooklift designed for electric … Read the full press release
(IN BRIEF) Nokia has partnered with TM (Telekom Malaysia) to enhance its international optical network using advanced DWDM technology. This upgrade will support the growing demand for high-speed, low-latency connectivity driven by hyperscalers and cloud-based services. The new network will … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged AI, DWDM technology, Hyperscaler Connectivity, John Harrington, Malaysia, Nokia, Optical Network, partnership, sustaianbaility, TM (Telekom Malaysia)
(IN BRIEF) Hiab, part of Cargotec, has launched the MULTILIFT eULTIMA, the world’s first plug-and-play hooklift designed specifically for electric trucks. This innovative product integrates seamlessly with electric truck systems, offering silent operation and enhanced energy efficiency. The MULTILIFT eULTIMA … Read the full press release
(IN BRIEF) Stora Enso has partnered with Swedish startup Enkei to develop an innovative and sustainable packaging solution for Enkei’s designer table lamp, Reminder (001). The packaging, made from Stora Enso’s biodegradable and recyclable materials, Papira® foam and corrugated board, … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Sweden, Technology
Tagged Designer Lamps, Enkei, INNOVATION, Julia Broszat, Lovisa Sunnerholm, packaging solution, Papira®, partnership, Paula Martirez, Stora Enso, sustainability, Sweden
(IN BRIEF) Hilde Kjelsberg, the Chief Risk Officer at the Nordic Investment Bank, will retire after nearly two decades of service. She has been instrumental in modernizing the bank’s risk and compliance functions. NIB has begun the process of finding … Read the full press release
Posted in Banks, Business, Financial, Finland, Industrial, Investment, Management, News
Tagged André Küüsvek, appointment, Chief Risk Officer, Hilde Kjelsberg, leadership, Nordic Investment Bank, retirement
(IN BRIEF) A new study highlights the severe impact of deforestation on African montane forests, where the loss of tree cover has led to significant increases in temperature and cloud levels, threatening water resources and biodiversity. The research underscores the … Read the full press release
Posted in Business, Education, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, News, Science, Technology
Tagged Africa, biodiversity, Climate Change Impact, deforestation, Montane Forests, partnership, Prof. Petri Pellikka, sustainability, University of Helsinki, water resources
(IN BRIEF) New research demonstrates that combining genetic diversity data with demographic information provides a more accurate prediction of extinction risks in natural populations. The study, conducted on the Glanville fritillary butterfly, shows that while genetic diversity is important, its … Read the full press release
(IN BRIEF) Synology has partnered with Gandalf Distribution AB to expand its reach across the Nordic region, including Denmark, Sweden, Norway, Finland, and Iceland. This collaboration will improve the availability and support of Synology’s advanced data management solutions, leveraging Gandalf … Read the full press release
Posted in Business, Denmark, Environment, Financial, Finland, Government, Iceland, Industrial, Investment, Latvia, Management, News, Norway, Sweden, Technology
Tagged Denmark, ELKO, Finland, Gandalf Distribution AB, Iceland, Jeremie Francois, Marcus Tillberg, Norway, partnership, sustainability, Sweden, Synology, Taiwan
(IN BRIEF) ANDRITZ has supplied key equipment for Mondi’s containerboard mill in Kuopio, Finland, as part of an expansion and upgrade project. The delivery includes a new hardwood NSSC production line and an upgraded woodyard, which will increase the mill’s … Read the full press release
Posted in Austria, Business, Chemicals, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, equipment, Finland, Juha Koukka, Mondi, NSSC Production Line, partnership, sustainability, Woodyard Upgrade
(IN BRIEF) Moody’s has reaffirmed Outokumpu’s Ba2 corporate family rating with a stable outlook, maintaining the upgrade it made in May 2023 from a previous Ba3 rating. The decision reflects Moody’s recognition of Outokumpu’s strong financial position and successful profit … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, Marc-Simon Schaar, Moody, Outokumpu
(IN BRIEF) Outokumpu is advancing its entry into the metal powder market for additive manufacturing, transitioning to commercial production after a successful pilot year at its Krefeld facility in Germany. The company aims to produce up to 330 tons of … Read the full press release
Posted in Business, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Marten Franz, Metal Powder Production, Outokumpu, partnership, sustainability
(IN BRIEF) Nokia and Swisscom Broadcast are partnering to deploy a nationwide Drones-as-a-Service network in Switzerland, featuring 300 Nokia Drone-in-a-Box units. This network will enhance safety and efficiency for public safety and industrial applications, supporting emergency response, infrastructure inspection, and … Read the full press release
(IN BRIEF) Nokia has become the first technology vendor to self-certify its U.S.-manufactured fiber products as Buy America-compliant for the Broadband Equity, Access, and Deployment (BEAD) program. This certification ensures that operators and infrastructure builders can use Nokia’s certified products, … Read the full press release
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