(IN BRIEF) Outokumpu is converting EUR 2.5 million of its outstanding convertible bond into 941,832 new shares and simultaneously canceling an equal number of treasury shares to keep its total share count unchanged. Following the transaction, the company will retain … Read the full press release
(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 337 wind turbines, average sales price, Brazil, Finland, Germany, José Luis Blanco, Latvia, Market Growth, Nordex Group, order intake, order performance, partnership, projects segment, Q1 2025, sustainability, Türkiye, wind energy
(IN BRIEF) Swedish renewable energy company OX2 placed two significant orders with the Nordex Group for 70 N175/6.X wind turbines, marking the first use of this new turbine model in the Nordic region. The orders, which come with a 35-year … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged 35-year maintenance contract, 472 MW, Advanced Anti-Icing System, Central Ostrobothnia, cold climate adaptations, Delta4000 series, Finland, Honkakangas, José Luis Blanco, N175/6.X, Nordex Group, OX2, partnership, Rajamäenkylä, renewable energy, South Ostrobothnia, sustainability, sustainable future, tubular steel towers, wind turbines
(IN BRIEF) Saab has launched serial production of its advanced passive electronic warfare sensor, Sirius Compact, at a new facility in Tampere, Finland. The opening, attended by Finland’s Minister of Finance and Deputy Prime Minister Riikka Purra and Tampere’s Mayor … Read the full press release
Posted in Business, Defence, Financial, Finland, Government, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged C-ESM, electronic warfare, export growth, Finland, Kalervo Kummola, Kristian Tornivaara, modular sensor, partnership, passive electronic warfare sensor, production facility, R-ESM, Riikka Purra, Saab, Saab Finland, scalable sensor, serial production, Sirius Compact, situational awareness, Tampere
(IN BRIEF) Outokumpu has partnered with Alfa Laval and SSAB to provide cutting-edge plate heat exchangers for the Laakso Joint Hospital project in Helsinki. As part of a major redevelopment effort led by the City of Helsinki and Helsinki University … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden, Technology
Tagged advanced materials, Alfa Laval, carbon footprint, Circle Green, cooling system, decarbonization, energy-efficient, Finland, green steel, Helsinki, hydrogen, Laakso Joint Hospital, low-emission, Outokumpu, partnership, plate heat exchangers, renewable energy, SSAB, SSAB Zero, sustainability, sustainable stainless steel, sustainable urbanization
(IN BRIEF) In March 2024, Metso launched its largest global service center in Karratha, Western Australia, located in the heart of the Pilbara mining region. The state-of-the-art facility provides comprehensive 24/7 maintenance and repair solutions for heavy mining equipment, ensuring … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged 17, 24/7 operations, apprenticeship programs, Asia Pacific, AUD 52 million, Chris Gadeke, employee safety, Espoo, EUR 32 million, Finland, global service network, Great Place to Work, iron ore, Karratha, largest service center, lithium, maintenance, Metso, mining, Nasdaq Helsinki, net-zero CO2, Pilbara, repair solutions, Stuart Sneyd, sustainability, Western Australia
(IN BRIEF) IKEA is enhancing its customer service by launching 24/7 pick-up lockers in Finland, which are connected to a new, €55 million distribution center in Lommila. This strategic development redefines the function of traditional warehouses by merging operational fulfillment … Read the full press release
Posted in Business, Finland, Netherlands, Retail
Tagged 24/7 pick-up lockers, biodiversity initiatives, customer service, Digital Integration, distribution center, electric vehicle deliveries, Finland, fulfillment, geothermal heating, IKEA, IKEA Retail, Ingka Group, Lommila, Marcus Baumgartner, retail innovation, solar panels, sustainability, UK, €55 million investment
(IN BRIEF) Stora Enso has commenced the production ramp-up of its new consumer packaging board line at its Oulu facility in Finland, with initial deliveries scheduled for Q2 2025. The project, which began in 2022 by converting an idle paper … Read the full press release
Posted in Business, Environment, Finland, Industrial, Marketing
Tagged 2025, 2027, annual capacity, biomaterials, coated unbleached kraft, consumer packaging board, CUK, EBITDA breakeven, Enocell, EUR 1 billion, EUR 800 million, FBB, Finland, folding box board, full capacity, Hans Sohlström, integrated mega-site, Junnikkala sawmills, kraftliner, local wood supply, Nasdaq Helsinki, Nasdaq Stockholm, Oulu site, packaging, production ramp-up, Q2 2025, renewable packaging, Renewable Products, Skoghall, Stora Enso, sustainable, Sweden, unbleached pulp, Veracel, wood consumption, wooden construction
(IN BRIEF) DB Schenker has successfully demonstrated the reliability of its electric truck fleet in Finland over a one-year period, proving that these sustainable vehicles can operate efficiently in extreme winter conditions, even at -30°C. Two FUSO eCanter trucks have … Read the full press release
Posted in Business, Finland, Germany, Industrial, Technology, Transportation & Logistics
Tagged -30°C, DB Schenker, eco-friendly, electric trucks, energy efficiency, environmental footprint, European fleet, extreme winter, Finland, FUSO eCanter, innovative solutions, Lapland, last-mile transport, local transport, modern logistics, overnight recharging, pioneering technology, regional transport, sustainable logistics, sustainable transport, Tristan Keusgen
(IN BRIEF) CapMan Real Estate and Scandic are jointly undertaking a major renovation of Hotel Laajavuori in Jyväskylä, Finland, with the project focused on modernizing the historic 24,000 square metre property. Key improvements include significant enhancements to energy efficiency, room … Read the full press release
Posted in Construction, Finland, Industrial, Infrastructure & Utilities, Investment, Management, Real Estate
Tagged 000 square metres, 2026 completion, 24, brutalist architecture, building automation, CapMan Hotels II, CapMan Real Estate, energy class upgrade, energy efficiency, Finland, geothermal heating, guest experience, Heatly, historic hotel, Hotel Laajavuori, Jyväskylä, LeaseGreen, lighting, modernization, Refurbishment, renovation, reopening date, room upgrade, Scandic, sustainability, sustainable, temporary closure, ventilation, windows
(IN BRIEF) Fortum is driving the global shift to a low‐carbon energy future by launching innovative hydrogen solutions showcased at the Hydrogen Summit & Expo in Tampere. Central to its strategy is the Kalla Hydrogen Pilot Plant in Finland, a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 2 MW facility, alkaline electrolyser, Collaborative Vision, cost‐effectiveness, cross‐sector partnerships, demand response systems, dynamic operating modes, efficiency, electricity purchasing, Energy Landscape, Finland, flexibility, Fortum, grid service integration, Guarantees of Origin, hedging portfolio, hydrogen solutions, Hydrogen Summit & Expo, industrial site development, integrated solutions, in‐house hydrogen expertise, Kalla Hydrogen Pilot Plant, long‐term PPAs, low‐carbon energy transition, low‐carbon future, Nordics, operational models, PEM electrolyser, production 2025, real‐time market adjustments, renewable energy, RFNBO, robust hydrogen market, safety, scalable hydrogen production, sustainability demands, sustainable energy ecosystem, tailored purchasing agreements, Tampere, waste heat utilization
(IN BRIEF) The Ignalina Nuclear Power Plant in Lithuania has contracted Sweco for €448,000 to evaluate environmental risks for a proposed deep geological repository intended for the final disposal of long-lived radioactive waste. As a vital part of Ignalina’s decommissioning … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Sweden, Technology
Tagged Air Quality, Belgium, biodiversity, decommissioning, deep geological repository, energy transition, environmental risks, EU agreement, Finland, geological layers, groundwater, Ignalina nuclear power plant, Lithuania, Liudas Zalunskis, Managing Director Sweco Lithuania, partnership, Radioactive waste, RBMK-type reactors, reactor dismantling, site restoration, soil, sustainability, Sustainable Management, Sweco, Sweden
(IN BRIEF) On 27 February, President Alar Karis visited the Institute of Biotechnology in Finland to learn about its research and infrastructure, particularly its work in structural biology and coronavirus research. The visit highlighted the potential for increased collaboration between … Read the full press release
Posted in Business, Education, Estonia, Financial, Finland, Government, Healthcare, Industrial, Investment, Management, News, Science, Technology
Tagged Academia Europaea, Alar Karis, Brussels, collaboration, coronavirus research, cryo-electron microscopy, Estonia, Estonian Academy of Sciences, Finland, Finnish Academy of Technical Sciences, Foundation, GeneCode, INNOVATION, Institute of Biotechnology, Juha Huiskonen, Mart Saarma, Molecular Biology, Parkinson's disease, partnership, research collaboration, research infrastructure, scientific advancements, structural biology, University of Helsinki, University of Tartu
(IN BRIEF) The European Investment Fund (EIF) has pledged SEK 225 million (approximately €20 million) to Behold Ventures, a Swedish venture capital fund, to support early-stage game developers in Denmark, Finland, Iceland, Norway, and Sweden. This commitment, which marks the … Read the full press release
Posted in Banks, Business, Denmark, Entertainment, European Union, Financial, Finland, Government, Iceland, Investment, Luxembourg, News, Norway, Sweden, Technology
Tagged Behold Ventures, Denmark, early stage investment, EIF, European Commission, Finland, game developers, Iceland, InvestEU, MediaInvest, Nordic gaming, Norway, Sweden, venture capital
(IN BRIEF) Telia Company has announced the sale of its TV & Media business, which includes TV4 in Sweden and MTV in Finland, to Schibsted Media for SEK 6.55 billion. This decision aligns with Telia’s strategy to focus on its … Read the full press release
Posted in Business, Entertainment, Management, Media, Sweden, Telecom
Tagged advertising-funded channels, connectivity business, customer satisfaction, debt reduction, EBITDA growth, enterprise value, financial outlook, Finland, Free cash flow, Market Abuse Regulation, MTV, MTV Katsomo, multi-year distribution partnership, Nordic media, Patrik Hofbauer, portfolio management, Q3 2025, regulatory approvals, Schibsted, Schibsted history, Schibsted Media, service revenue growth, Siv Juvik Tveitnes, streaming services, Sweden, Telia Company, TV & Media, TV4, TV4 Play
(IN BRIEF) Finnish Ambassador to Spain, Sari Rautio, visited Iberdrola’s Global Smart Grids Innovation Hub in Bilbao, accompanied by a trade delegation and the Honorary Consul of Finland, Carolina Pérez Toledo. The group was welcomed by Iberdrola executives Asís Canales … Read the full press release
Posted in News
Tagged artificial intelligence, Asís Canales, Bilbao, Carolina Pérez Toledo, data analysis, digital skills, digitisation, electrification, Estíbaliz Goñi, European average, Finland, Finnish Ambassador, Global Smart Grids Innovation Hub, GSGIH, Honorary Consul of Finland, i-DE, Iberdrola, INNOVATION, Sari Rautio, SMEs, Spain, technology
(IN BRIEF) Outokumpu has completed a feasibility study for the potential construction of a Small Modular Reactor (SMR) near its Tornio plant in Finland, aimed at enhancing low-carbon energy availability. The study confirms the project’s feasibility and outlines several advantages, … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged bio-chemicals, bio-fuels, biogenic waste, carbon capture and utilization, carbon-neutrality, CCUS, clean energy, CO2, decarbonization, electricity, ENERGY, energy development, feasibility study, Finland, Finland nuclear legislation, heavy industries, industrial electrification, low-carbon energy, nuclear power, nuclear technology, Offtake agreement, Outokumpu, partnership, Small Modular Reactors, SMRs, Steel Industry, Stefan Erdmann, sustainability, Tornio
(IN BRIEF) Nokia has announced a leadership change with Justin Hotard set to succeed Pekka Lundmark as the new President and CEO, starting April 1, 2025. Hotard, with over 25 years of experience in technology, is expected to drive Nokia’s … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Finland, Industrial, Investment, Management, News, Technology, Telecom
Tagged 5G, Advisory Role, advisory roles, AI, appointment, cloud-native core networks, data centers, Digital Ecosystem, digital services, Finland, global technology companies, Hewlett Packard Enterprise, INNOVATION, Intel, Justin Hotard, leadership, leadership transition, NCR Corporation, Nokia, Nokia’s Executive Experience Center, Pekka Lundmark, President and CEO, Sari Baldauf, strategic growth
(IN BRIEF) The Nordic Investment Bank (NIB) has signed a EUR 40 million loan agreement with Valoo Oy, a Finnish internet service provider, to support the expansion of fibre infrastructure in Finland. The loan, backed by the InvestEU Guarantee, will … Read the full press release
Posted in Banks, Business, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Technology
Tagged 100 Mbps broadband, André Küüsvek, CVC DIF, digital infrastructure, digital services, digitalisation, EUR 40 million loan, fibre infrastructure, fibre optic network, Finland, Finnish Industry Investment Ltd, high-speed Internet, InvestEU guarantee, municipalities, NIB, Nordic Investment Bank, Oulu region, partnership, single-dwelling households, southern Finland, suburban areas, Tesi, Valoo Oy
(IN BRIEF) SEB has maintained its position as the leading advisor and research provider in sustainable financing across the Nordic region, according to the latest Prospera customer survey by Kantar Sifo. The bank achieved the highest score, outperforming its competitors, … Read the full press release
Posted in Awards, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden, Technology
Tagged Awards, competitive advantage, corporate clients, Denmark, Finland, Green Bond Report, Hans Beyer, institutional clients, investment-grade bonds, Kantar Sifo, leadership, Nordic Region, Norway, Prospera customer survey, regulatory changes, RESEARCH, SEB, sustainability advice, sustainability integration, sustainable banking, sustainable financing, Sweden
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