October 5, 2020
DAILY BRIEF: Crane art and awards, smartphones, infinite fibre, IT, acquisitions and climate stamps
Paintings created using a 300-tonne harbour crane fitted with paint brushes in the Zero Exclusion campaign.
All the daily Finnish business news that works: OnePlus, Finnish marketing campaigns, Teleste, Infinited Fiber Company, Telko and Berry Creative make headlines.
OnePlus is moving its European HQ to Finland, Infinited Fiber Company partners with top fashion houses, Finnish companies win at the Digital Communications Awards, Teleste sells its services business in Germany, Telko strengthens its position in the Nordics, and Berry Creative’s stamps call attention to the climate crisis.
Chinese smartphone manufacturer OnePlus has decided to move its European headquarter from London to Finland’s capital, Helsinki. OnePlus is looking to invest in the Nordic countries because of the high demand for mobile devices and 5G technology in the region. Its OnePlus Nord 5G model became the best-selling phone in Finland in August, reveal figures from Telia and Elisa. OnePlus launched its first phone in 2014 and has quickly become a popular option, especially in Europe and India.
Infinited Fiber Company has started collaborations with six leading global fashion and textile brands: H&M Group, BESTSELLER, PVH Corp., Wrangler, Patagonia and Suominen. The Finnish biotechnology company has developed technology that can turn discarded textiles into bio-based natural fibre over and over again whilst retaining the quality of the original fibres. Each of the brands has worked with the company for a while, testing the technology in-house and finding that it is ready for commercial applications.
Infinited Fiber Company
Finnish companies have been awarded at the Digital Communications Awards 2020 organised remotely in Berlin. Finnish social media agency Kurio collected four awards for its marketing campaigns. Fazer picked up gold in the Social Media Platform category and bronze in the Influencer Communications category for its Tutti Frutti TikTok Toolkit campaign. Neste and Mantsinen’s Zero Exclusion campaign won silver in the B2B Communications category and bronze in the Storytelling category. The campaign raised money for work against the social exclusion of young people by selling paintings created by three artists using a harbour crane fitted with paint brushes. Finally, DNA’s Yrittäjän Digiakatemia was awarded silver in the Content Marketing category.
Teleste, a leading provider of broadband network solutions and related services, has received recognition in the 2020 Broadband Technology Report’s (BTR) Diamond Technology Reviews for its intelligent 1.2-gigahertz node, ACE8, which BTR considered among the best in the industry. Teleste has also announced it is selling its services business in Germany, Cableway, to Circet Deutchland, part of the Circet Group. By divesting the business for a preliminary net purchase price of eight million euros, Teleste aims to safeguard its capability to invest in other growth areas.
Asko Group subsidiary Telko is strengthening its position in the Nordic lubricants market by acquiring Sweden’s ILS Nordic and subsidiary Autolubes Nordic, which distributes automotive oils in Sweden and Norway. Both Telko and ILS Nordic are strategic regional lubricants distribution partners of BP Castrol. The acquisition is estimated to increase Telko’s net sales in 2021 by approximately 10 million euros and turn lubricants into a major business area for Telko, alongside plastics and industrial chemicals.
Berry Creative, a design studio based in Helsinki, Finland, has received recognition for its three heat-reactive postage stamps that deliver a sobering message about the consequences of the climate crisis: biodiversity loss, black winters and climate refugees. Read our full article by clicking the headline.
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