Man sitting by a mixing desk in a music studio
 Genelec has supplied a high-end sound system to Mondosonic Studios in Kerala, India. Image: Mondosonic Studios

DAILY BRIEF: Sound systems, funding, industry, e-fuel and junior ski championships

All the daily Finnish business news that works: Genelec, FIBRES Online, Valmet, VTT, Neste, Kalmar, Vuokatti and Lahti make headlines.

Rasmus Hetemäki


FIBRES Online secures funding, Valmet and Kalmar win orders in China and Brazil, Genelec equips a music studio and signs a distributor, VTT and Neste’s e-fuel research gets a boost, and Vuokatti and Lahti host the junior world skiing championships. Click on the headlines for more in-depth information about each piece of news.

FIBRES Online raises EUR 270K

An illustration of two person watching FIBRES' foresight software on a screen

FIBRES Online has raised 270 000 euros from a group of angel investors for its foresight software, primarily used for strategic planning, innovation and R&D in corporations and consultancies. The cloud-based tool addresses the disruption in strategic management caused by the ever-increasing pace of change and wide availability of data. FIBRES Online may still be in its early stages, but its customers already include big corporations such as Aurecon and Daimler, research organisations and universities. The funding will be used for the Helsinki, Finland-based company’s international growth in 2021. Image: FIBRES Online

Valmet wins paper industry orders in China

An elderly man in an overall and a younger man look at monitors

Valmet will supply a steam profiler and condition monitoring solution and services to Zhejiang Jingxing Paper in China. The systems will be installed in Jingxing Paper’s paper machines PM12 and PM16 to provide effective moisture profile management and predictive condition monitoring, and improve production runnability and end-product quality. Valmet has also received a repeat order for a fibre furnish analyser from UPM in China. To be installed in UPM’s PM3 in Changshu, the analyser will provide fast and precise online updates of key fibre and papermaking furnish properties.

Genelec to equip studio and signs new distributor

A mixing desk and several speakers in music studio

Mondosonic Studios in Kerala, India, has turned to Finnish audio company Genelec for a full-range monitoring solution. Its 600 square-foot mixing space has been fitted with Genelec’s 1238DF active studio monitors and a 7380A subwoofer. Genelec has also appointed Audio-Technica France and experienced music industry figure Gilles Pétrotey to handle the French distribution of its studio and home loudspeaker ranges. Audio-Technica is already handling Genelec’s distribution in the Netherlands and Spain. Image: Mondosonic Studios

VTT and Neste get boost for e-fuel technology

Heavy traffic on a freeway

A two-year e-fuel research project coordinated by VTT Technical Research Centre of Finland and connected with Neste’s Veturi ecosystem and other Finnish partners has received 3.3 million euros in funding from public organisation Business Finland. The market for synthetic fuels has emerged in the wake of an acute need for emissions reduction in the transport industry. The project uses a new high-temperature method of electrolysis, a process that is key for the development of synthetic fuels, in a bid to improve e-fuel production efficiency by 10-15 percentage points. Image: Unsplash

Kalmar wins big crane order in Brazil

The underside of a massive crane

Kalmar, part of Cargotec, has received an order for nine rubber-tyred gantry cranes (RTGs) from Companhia Siderúrgica Nacional (CSN). The cranes will be delivered to Sepetiba Tecon terminal, one of Brazil’s main container terminals located in the Port of Itaguaí, some 80 kilometres from Rio de Janeiro. Image: Kalmar

Finland hosts junior skiing world championships

Young cross-country ski athletes competing

Finnish winter sports cities Vuokatti and Lahti are hosting the FIS Nordic Junior World Ski Championships (JWSC). The highest-level international ski competition for athletes under the age of 23 has drawn hundreds of participants from around the world to the two Finnish cities. Non-profit Protect Our Winters Finland is a main sponsor of the event. Read more about the championships in our article by clicking the headline.

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