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Renewa, a supplier of local energy solutions for biofuel burning heating and power plants, has signed an agreement with the Latvian company Rigas Siltums. Renewa will supply a 20 megawatt district heating boiler that will primarily burn woodchips as well as peat and straw. The boiler will form part of a larger district heating plant that will...
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Ovelin, developer of the award-winning guitar learning game WildChords has received 1.4 million dollars in seed funding from Silicon Valley-based venture capital firm True Ventures. The company will use the funds to further develop its current product, and extend the concept to teach people how to play a real music instrument through computer...
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Neste Oil has been ranked among the world's top performers in terms of its forest footprint reporting in the Forest Footprint Disclosure (FFD) 2011 Report. The company was named the second-best company in the oil & gas sector in the latest FFD report after two years as the best. Neste Oil is a refining and marketing company concentrating on...
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Rovio’s smash hit Angry Birds game has won in two categories at the Toy of the Year awards in New York. Angry Birds picked up the Property of the Year award for the successful promotion of its brand throughout the industry. In addition, the Angry Birds Knock on Wood Game made by toy manufacturer Mattel won in the category Game of the Year for...
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Three Finnish companies have won the President’s internationalization awards for 2011. The awards were presented by the President Tarja Halonen to Beneq, which manufactures thin film coating equipment, Normet, which specializes in underground mining processes, and the Finnish gaming cluster, which promotes the creation of a new growth...
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The state-owned enterprise, Metsähallitus, is planning to build a new ski and holiday resort to Äkäslompolo in Ylläs area, Lapland. According to Helsinki Times, the new resort build in Ylläs area, will consist of on-piste hotels, holiday homes and a ski village. The resort will have capacity for 13,000 visitors, almost as much as the current...
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Music Kickstarter has announced the world’s first cloud-based record company. The service is particularly directed towards semi-professional and amateur musicians. Music Kickstarter is a social platform that can be used for creating music and for publishing and musical collaborations. Operating on an annual fee and a turn-key principle, the...
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The Finnish design brand Ivana Helsinki is opening its first concept store in New York. Tiina Kosonen, the Marketing Director of Ivana Helsinki, has confirmed to Kauppalehti, the Finnish Business Daily, that the new shop will be located in fashionable Nolita district in Soho, Manhattan. The VIP’s have a chance to visit the new shop on Friday,...
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Sanako has delivered its Study 1200 language lab to 14 schools in Vietnam as part of a joint educational project with IIG Vietnam and the Ha Dong District Government to support English language learning and teaching. In the first phase of the project, five kindergartens, five primary schools and four secondary schools were supplied with the...
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Eight Finnish companies have been chosen to the top 25 cleantech start-ups from the Nordic Cleantech Open competition. A jury consisting of more than 60 influential representatives from multinational companies and venture capital were involved in selecting this year’s contestants. — We like the quality and diversified mix this year. A lot of...
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Finnish media group, Alma Media, has acquired CV Online, the leading internet recruitment service company in the Baltic countries. The value of the deal was not announced but CV Online estimates its 2011 revenue at about two million euros, a growth of roughly 30% over the year before. The company's 2011 operating margin was approximately 0.6...
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Metso has signed a contract with Consórcio Construtor Belo Monte to supply equipment for the construction of the Belo Monte hydroelectric power plant in Brazil. Worth about 30 million euros, it is the biggest contract Metso has signed in the Brazilian construction industry in the last few years. The project is located at the Xingu River, Pará...
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UPM is to build the world’s first biorefinery producing wood-based biodiesel. The biorefinery will produce annually approximately 100,000 tonnes of advanced second generation biodiesel for transport. Construction of the biorefinery will begin in the summer of 2012 at UPM’s Kaukas mill site and will be completed in 2014. UPM’s total investment...
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The Finnish surf documentary Finnsurf was named best documentary at the Yallingup Surf Film Festival in Australia at the end of January. Finnsurf is the first Finnish surf documentary. It follows five passionate surfers who surf off Finland’s coasts despite the cold weather. The film’s director Aleksi Raij started planning the film began...
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A number of leading market research companies are predicting a smartphone revival for Nokia. The forecasts come as the latest figures from the International Data Corporation (IDC) show that Nokia remained the undisputed leader for total mobile phone shipments last year. The IDC says the worldwide mobile phone market grew 11.1% in 2011 with...
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