May 17, 2019

The daily brief: 17 May 2019

Valmet has received orders from China and Germany this past week.
Valmet has received orders from China and Germany this past week.
Valmet

All the daily Finnish business news that works: Halton, Kodit.io, Nokia, Valmet and Kalmar make headlines.

Finnish company Halton will open a new production unit in the US, Kodit.io has received a financial boost, Nokia is setting up 5G infrastructure in Qatar, Valmet is involved in projects in China and Germany, and Kalmar has won a contract in Malaysia.

Halton ramps up US production

Finnish company Halton is set to open a new 3 700 square metre production unit in close proximity to its existing 8 000 square metre plant in Kentucky, the US. The new factory will focus on the manufacture of air handling units, make-up air units and exhaust air pollution control systems for commercial kitchens. This will allow Halton as part of its growth strategy, to offer customer-oriented total solutions, with which it aims to double its market North and South America. The total investment in the new plant is about 8 million US dollars.

Finnish company Halton is set to open a new 3 700 square-metre production unit in close proximity to its existing 8 000 square-metre plant in Kentucky, the US. The new factory will focus on the manufacture of air handling units, make-up air units and exhaust air pollution control systems for commercial kitchens. By expanding production to include air handling units, Halton aims as part of its new growth strategy to increase sales of customer-oriented total solutions and double its market in North and South America. The total investment in the new plant is about eight million US dollars.

Halton

Kodit.io receives financial boost

AI-based service Kodit.io has raised three million euros in equity financing and has also received a loan of nine million euros. Homerun Technologies developed the Kodit.io service, which gives a cash offer to homeowners, and then renovates the property and sells it forward. The loan from Sweden’s Collector bank serves as a starting point for a real estate fund managed by Homerun Technologies.

AI-based service Kodit.io has raised three million euros in equity financing and also received a loan of nine million euros. Homerun Technologies developed the Kodit.io service, which gives a cash offer to homeowners, renovates the property and sells it forward. The loan from Sweden’s Collector Bank serves as a starting point for a real estate fund managed by Homerun Technologies.

Kodit.io

Nokia builds 5G infrastructure in Qatar

Nokia has been selected by Ooredoo Qatar to build a 5G cloud native core network in Ooredoo’s data centres in capital Doha. The deployment will support Ooredoo’s delivery of enhance mobile broadband services. The Qatar-based communications company has already tested a number of 5G use cases, such as 5G aerial taxis and drones. Nokia’s solution

Nokia has been selected by Ooredoo Qatar to build a 5G cloud-native core network in Ooredoo’s data centres in capital Doha. The deployment will support Ooredoo’s ability to deliver enhanced mobile broadband services. The Qatar-based communications company has already tested a number of 5G use cases, such as 5G aerial taxis and drones. Nokia’s solution will take Ooredoo even closer to bringing innovative 5G use cases to its customers.

Nokia

Valmet invovled in new projects

Valmet will supply boiler diagnostic systems to Harbin Boilers' Fugu power plant in China. The two Valmet Acoustic Pyrometer systems will be delivered during the second quarter of 2019. The value of the order has not been disclosed. Valmet is also replacing process and quality controls of Delkeskamp's cartonboard machine BM1 in Nortup, Germany. An automation system delivery of this type is usually worth around two million euros.

Valmet will supply boiler diagnostic systems to Harbin Boilers’ Fugu power plant in China. The two acoustic pyrometer systems will be delivered during the second quarter of 2019. The value of the order has not been disclosed. Meanwhile in Germany, Valmet is also replacing the process and quality controls of Delkeskamp’s cartonboard machine BM1 in Nortup. An automation system delivery of this type is usually worth around two million euros.

Harbin Boiler

Kalmar wins contract in Malaysia

Kalmar, part of Cargotec, has been awarded a contract to extend the lifespan and capabilities of two unloader cranes belonging to Malaysian flour-milling company Malayan Flour Mills Berhad (MFM). The comprehensive refurbishment will extend the lifespan of the cranes by five years, with Kalmar’s work scheduled to be ready in the beginning of 2020. The cranes at MFM’s Lumut facility in Malaysia are used to unload raw materials from ships.

Kalmar

Share: