Tag Archives: Finland

Metsä Group and ANDRITZ Forge Partnership to Slash Supply Chain Greenhouse Gas Emissions

(IN BRIEF) In a groundbreaking collaboration, Metsä Group and technology supplier ANDRITZ have joined forces to tackle Scope 3 greenhouse gas emissions, targeting reductions across their value chains. This partnership aims to revolutionize emission management by identifying innovative solutions that … Read the full press release

Neste Launches High-Power Charging Stations to Accelerate Electrification of Heavy-Duty Vehicles in Finland

(IN BRIEF) Neste takes a significant step towards accelerating the electrification of heavy-duty vehicles (HDVs) in Finland by introducing its first high-power charging stations for business customers. Located at the Neste Janakkala Linnatuuli service station along highway 3, these charging … Read the full press release

Neste Holds Strong as Finland’s 2nd Most Valuable Brand: Brand Finance Ranking 2024

(IN BRIEF) Neste maintains its position as the second most valuable Finnish brand for the third consecutive year, according to the latest Brand Finance Finland 25 2024 ranking. The world’s leading independent brand valuation consultancy, Brand Finance, reports a 13% … Read the full press release

Finnish Property Owners to Benefit from Telia and Danfoss Leanheat’s Innovative Heating Optimization

(IN BRIEF) Telia and Danfoss Leanheat have teamed up to introduce an innovative heating optimization solution in Finland. By installing Telia’s Indoor Climate Monitoring sensors in apartments, gathering indoor data, and connecting it to a cloud service for analysis, the … Read the full press release

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release

Valio’s Restructuring Plan: Change Negotiations Impacting Key Functions and Jobs

(IN BRIEF) Valio, a Finnish dairy company, is initiating change negotiations affecting its Finnish headquarters functions and factory services. The negotiations involve around 1,170 employees and will address potential dismissals and material changes to employment terms, including job description and … Read the full press release

EBRD Commits €100 Million to Taaleri SolarWind III Fund for Renewable Energy Projects

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing up to €100 million in Taaleri SolarWind III, a fund managed by Finland-based Taaleri Energia. This investment aims to support the development of 800 MW of new renewable … Read the full press release

Fortum’s Loviisa Plant Extends License Until 2050, Paving the Way for 170 TWh of CO2-Free Power

(IN BRIEF) In 2023, Fortum’s Loviisa nuclear power plant in Finland achieved exceptional results, generating 8.09 terawatt-hours of carbon-free electricity. Loviisa 1 and Loviisa 2, the plant’s units, demonstrated high operational efficiency with load factors exceeding 89%. Fortum also collaborated … Read the full press release

Outokumpu Deepens Commitment to Clean Energy, Bolsters Stake in Rajakiiri Wind Farm

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is taking steps to reduce its carbon footprint and enhance energy self-sufficiency. The company has invested further in the Rajakiiri wind farm in Tornio, Finland, increasing its ownership to … Read the full press release

Nordic Investment Bank and Wellbeing Services County Collaborate on €70 Million Hospital Expansion in Finland

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a 20-year EUR 70 million loan agreement with the Wellbeing Services County (WSC) of North Savo, Finland, to fund the expansion and renovation of the “Uusi Sydän” central hospital and … Read the full press release

Outokumpu to Invest EUR 30 Million in Biocoke Pelletizing Plant for Green Steel Production in Tornio, Finland

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is investing approximately EUR 30 million in a pelletizing plant for biocoke in Tornio, Finland, with production set to start in mid-2025. The move aims to reduce direct emissions … Read the full press release

Renewable Energy Boost: Neste Secures Solar Power Supply for Porvoo Operations

(IN BRIEF) Neste, a global renewable fuels and sustainable solutions leader, has signed an important solar power purchase agreement with CPC Finland Oy. This deal will provide solar power to Neste’s Porvoo refinery in Finland, starting in spring 2024. The … Read the full press release

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release

EIF and LocalTapiola Partner to Provide €32 Million in Loans to Finnish Small Businesses

(IN BRIEF) The European Investment Fund (EIF) and LocalTapiola Corporate Lending I GP Ltd, a Finnish alternative lender, have signed two portfolio guarantee agreements, enabling the provision of €32 million in new loans to small businesses and mid-caps in Finland. … Read the full press release

Gasum Secures Second LNG Cargo for Finnish Market Amid Pipeline Disruption

(IN BRIEF) Gasum has successfully delivered its second liquefied natural gas (LNG) cargo to the Inkoo floating storage regasification unit (FSRU) in Finland. The cargo, provided by Gasum’s partner Equinor, arrived on November 5th and is being regasified for integration … Read the full press release

CapMan Hotels Fund Partners with Lapland Hotels for Expansion in Oulu, Finland

(IN BRIEF) CapMan Hotels II fund has entered into an agreement to acquire “KOY Oulun Kuvernööri,” a five-story office property in Oulu city center, Finland. The plan is to transform the building into an extension of Lapland Hotels Oulu, increasing … Read the full press release

Origin by Ocean and AFRY Collaborate on Innovative Seaweed Biorefinery in Finland

(IN BRIEF) Finnish biotechnology start-up Origin by Ocean has teamed up with AFRY, a global engineering and advisory firm, to work on an ambitious project aimed at establishing an industrial-scale biorefinery in Finland. The collaborative effort focuses on refining seaweed … Read the full press release

Biogas Revolution: Gasum’s Keminmaa Station Offers Low-Emission Fueling Options

(IN BRIEF) Gasum has expanded its gas filling station network by opening a new station in Keminmaa, Finland. This station is a significant milestone as it is the first gas filling station in Finnish Lapland, Gasum’s second northernmost station, and … Read the full press release

Finland’s Meri-Pori Coal Plant Reserved for National Emergency Preparedness

(IN BRIEF) Fortum, a leading energy company, has signed an agreement with Finland’s National Emergency Supply Agency (NESA) to reserve the Meri-Pori coal condensing power plant for emergencies, ensuring the security of the country’s electricity supply. The agreement is in … Read the full press release

Philips Collaborates with Tampere Heart Hospital to Enhance Environmental Sustainability

(IN BRIEF) Philips has completed a comprehensive analysis of Tampere Heart Hospital’s environmental sustainability, focusing on interventional cardiology and carbon footprint evaluation. The findings have been transformed into a joint action plan to expedite the hospital’s efforts to achieve net-zero … Read the full press release

AF Gruppen’s Kanonaden Entreprenad Awarded Contract for Series Compensation Station in Isovaara to Boost Sweden-Finland Power Line

(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

Metsä Fibre’s Kemi Bioproduct Mill Begins Operations with AFRY’s Comprehensive Support

(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

Oddlygood Acquires Planti, Expanding its Plant-Based Market Leadership in Sweden and Finland

(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

Škoda Auto’s ‘Offers’ In-Car App Expands to Eight Markets, Bringing Discounts and Convenience to Drivers

(IN BRIEF) Škoda Auto has extended its ‘Offers’ in-car infotainment app to eight markets, offering over 100 discounted products and services accessible from the user’s vehicle. The app is compatible with Škoda vehicles equipped with the latest-generation Amundsen and Columbus … Read the full press release

Saab Commences Composite Mast Production for Finnish Navy’s New Ships

(IN BRIEF) Saab, a global defense and security company, conducted a composite cutting ceremony in Karlskrona for the first of four masts to be used in the Finnish Navy’s new ships. The masts, constructed from the same composite material as … Read the full press release

Valio and St1’s Biogas Plant in Finland Advances Construction Preparations for Renewable Energy Production

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is making progress with the construction preparations for a biogas production plant in Kiuruvesi, Finland. The company has finalized the site location through consultations with residents and agreement … Read the full press release

Sustainable Expansion: DHL Express Announces Construction of Helsinki Logistics Center

(IN BRIEF) DHL Express Finland has announced the construction of a new logistics center at Helsinki-Vantaa Airport. The facility, with an investment of approximately €100 million, will serve as the central hub for all incoming and outgoing Express shipments in … Read the full press release

Nettimökki by Alma Media Becomes Finland’s Most Comprehensive Cottage Rental Service

(IN BRIEF) Alma Media introduces an enhanced version of Nettimökki, its cottage rental platform, to meet the growing demand for domestic travel. The COVID-19 pandemic has led to a significant increase in Finnish cottage tourism, with many families opting for … Read the full press release

Alma Media and Partners Drive Innovation with TET.FI Service for Youth Employment Exploration

(IN BRIEF) Alma Media, Jobly, and the Finnish Children and Youth Foundation are partnering to create a new service called TET.FI that will consolidate all available TET (Tutustumiskoulutus) jobs for young people in Finland. The aim is to make it … Read the full press release

Finnish SMEs to benefit from new climate and innovation loan products with EIF guarantee

(IN BRIEF) The European Investment Fund (EIF) will provide a €170 million guarantee to Finnvera Plc to finance approximately €280 million of investment by small companies in Finland. The support of the InvestEU programme enables the guarantee to trigger more … Read the full press release

AFRY to improve production line at Valmet Automotive’s car plant in Finland

(IN BRIEF) AFRY, a Swedish engineering and consulting company, has signed a contract with Valmet Automotive, a car manufacturer, to improve and develop the manufacturing process and production line at its car plant in Finland. The project includes modifying part … Read the full press release

Gruppierungen der organisierten Kriminalität nach gemeinsamen Ermittlungen der Tschechischen Republik und Finnlands zerschlagen

(IN KÜRZE) Ein kriminelles Netzwerk, das am Menschenhandel zum Zweck der sexuellen Ausbeutung beteiligt ist, wurde durch gemeinsame Bemühungen der Tschechischen Republik und Finnlands mit Unterstützung von Eurojust und Europol zerschlagen. Die organisierte Kriminalität rekrutierte Frauen in der Tschechischen Republik … Read the full press release

Organized Crime Groups Dismantled Following Joint Investigations by Czech Republic and Finland

(IN BRIEF) A criminal network involved in human trafficking for sexual exploitation has been dismantled by the joint efforts of the Czech Republic and Finland, with the support of Eurojust and Europol. The organized crime groups recruited women in the … Read the full press release

Gasum announces five teams for biogenic carbon dioxide utilization challenge

(IN BRIEF) Gasum, the Finnish state-owned energy company, has selected five teams to move forward in its open innovation competition, GasumHackathon, which was launched in January. The aim of the competition is to find solutions and partners to utilise the … Read the full press release

NIB signs a EUR 49.2m loan agreement with Demant for hearing technology research and development

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a new seven-year loan agreement with Danish global hearing healthcare company Demant A/S, providing DKK 375 million (EUR 49.2 million) to finance the company’s research and development programme for the 2021-2022 … Read the full press release

Metso Outotec to divest two of its three Metals businesses

(IN BRIEF) Metso Outotec has announced the divestment of two of its three Metals businesses, Metals & Chemical Processing and Ferrous & Heat Transfer, following a strategic review. The company plans to focus on its Aggregates and Minerals businesses, while … Read the full press release

Wärtsilä Continues to Strengthen its Position as Major Supplier to LNG Carrier Vessel Sector

(IN BRIEF) Wärtsilä, a technology group, has won a contract to supply reliquefaction systems for eight new LNG carrier vessels owned by various global shipping companies. The orders were booked into Wärtsilä’s order intake in Q1 2023 and reflect the … Read the full press release

Ahlstrom Makes Commitment to Reduce Emissions in Line with Climate Science

(IN BRIEF) Ahlstrom has released its annual sustainability report for 2022, highlighting the company’s commitment to setting near-term company-wide emission reductions in line with climate science with the Science Based Targets initiative (SBTi). The report also showcases Ahlstrom’s Platinum EcoVadis … Read the full press release

NIB provides €45m loan to Lantmännen for agriculture R&D investments

(IN BRIEF) Swedish agricultural cooperative Lantmännen Ekonomisk Förening has secured a €45m ($52m) loan from the Nordic Investment Bank (NIB) to fund research and development (R&D) in the agriculture sector. The loan will support R&D activities from 2022 to 2024, … Read the full press release

StandardAero and CFM International Sign Agreement for LEAP-1A and LEAP-1B Engines

(IN BRIEF) CFM International and StandardAero have signed a deal for LEAP-1A and LEAP-1B engine maintenance, repair, and overhaul (MRO) services. Under the CFM Branded Services Agreement (CBSA), StandardAero will provide full-scope LEAP MRO services for operators worldwide. This agreement … Read the full press release