September 3, 2020

DAILY BRIEF: Global logistics, lifts, large investments, acquisition and smart packaging

Kalmar reachstackers surrounded by containers.
Kalmar reachstackers are heading to China.
Kalmar

All the daily Finnish business news that works: KONE, Uusikaupunki, Talenom, Kalmar and Finnish packaging make headlines.

KONE supplies a smart city project in Singapore, Yara invests substantially in Uusikaupunki, Talenom acquires a Swedish accounting firm, Kalmar wins global orders, and Finnish packaging does well in a Nordic competition.

KONE wins order for Punggol Digital District in Singapore

Illustration of a shopping district.

KONE will deliver 62 elevators and 28 escalators to a business park development in Singapore’s Punggol Digital District. Developed by JTC and designed by WOHA Architects, the district is a 50-hectare smart and sustainable development that will showcase new concepts of living, working and services. The integrated business park will include 12-storey towers and a variety of innovative digital businesses.

JTC

Yara invests EUR 28 million in Uusikaupunki factory

An aerial view of the factory surrounded by the sea and islands.

Yara, a Norwegian chemicals company specialising in fertilisers and environmental protection agents, is investing around 28 million euros in a new raw materials storage facility at its factory in Uusikaupunki, Finland. The construction work will commence in 2021 and the facility become operational in 2022. The global operator has invested over one billion euros in Finland in 2008–2019, with some 255 million euros of the total going towards the expansion and modernisation of its Uusikaupunki factory.

Yara

Talenom makes acquisition to expand in Sweden

Two people working on laptops and writing on paper.

Finnish accounting firm Talenom has agreed to acquire the entire share capital of Swedish accounting company Frivision for 15.1 million Swedish krona (1.4 million euros). The acquisition will strengthen Telanom’s position in Sweden with new locations in Gothenburg and Malmö, as well as support its strategic goal of entering the small customer segment. The deal includes an additional component of up to 6.4 million Swedish krona (0.6 million euros) that is payable if certain financial targets are reached.

Unsplash

Kalmar receives new orders globally

Reachstacker loading a train.

Kalmar, part of Cargotec, has secured new orders from the US and China. The Finnish company will supply 20 hybrid shuttle carriers to The Port of Virginia, a deep water port on the US East Coast. Kalmar has a close partnership with the port and received a similar order a year ago. It has also concluded a deal to supply seven reachstackers to the rail intermodal terminals of China United International Rail Container (CRIntermodal) in Kunming, Xi’an and Qingdao, China.

Kalmar

Finnish firms recognised for packaging excellence

A package and vegetation.

Finnish packaging solutions have been named as some of the best in the Nordics at ScanStar, a packaging competition organised annually since 1969 by the Scandinavian Packaging Association (SPA). Read our full report by clicking the headline.

Paptic

Looking for more good news? Subscribe to our newsletter

Share