May 20, 2020
DAILY BRIEF: Summer boost for air travel, industry, finance, sustainable food trays and energy
Finnair will open many flight routes in July.
All the daily Finnish business news that works: Huhtamaki, Kalmar, Enfuce, Finnair and Finnish energy transition make headlines.
Huhtamaki is awarded for bio-based food tray, Kalmar supplies reachstackers in Germany, Enfuce collaborates with OP Financial Group in the Baltics, Finnair to resume many passenger flights in July, and Finland ranks third in the Energy Transition Index.
Finnish company Huhtamaki’s disposable food tray Huhtamaki Fresh has been awarded as the most innovative bio-based material and product on the market at the International Conference on Bio-Based Materials, organised annually by the nova-Institute. The tray is made from natural wood fibres and is not only recyclable after use but also certified for home composting. It is as a natural alternative to black plastic meal trays and is both oven- and microwave-proof. Huhtamaki Fresh has been available on the UK market since 2019. It was developed in partnership with Södra and Saladworks with the help of funding from the EU’s Horizon 2020 initiative.
Kalmar, part of Cargotec, will supply a total of 10 Gloria reachstackers to German logistics operator Contargo Group. Three reachstackers for empty and semi-laden container handling will head to Contargo’s terminals in Ludwigshafen and Mannheim, six to terminals in Wörth and Speyer, and one to a terminal in Gustavborg. Contargo runs one of the leading container hinterland logistics networks in Europe with an annual throughput of over two million twenty-foot equivalent units. The company facilitates container transport between the western seaports, Germany’s North Sea ports and the European hinterland.
Finland’s largest fintech startup, Enfuce, is providing a turnkey service compliant with the EU’s Second Payment Services Directive (PSD2) to Finnish financial company OP Financial Group in the Baltics. The high level of compliance and security of the service earned OP Financial Group an exemption from setting up a fallback mechanism from the Finnish Financial Supervisory Authority. PSD2 came into effect in September 2019, obliging banks and financial institutions to provide their application programming interfaces (APIs) to third-party providers. Enfuce’s service to OP consists of back-office services, TPP support, around-the-clock monitoring, dispute handling and the development of APIs based on latest regulations.
Finnish national carrier, Finnair, will gradually and flexibly add frequencies and routes back to its network from July, as demand increases and travel restrictions are removed. Its long-haul flights will commence with a strong focus on Asia, with more destinations to follow in August. In Europe, Finnair will focus on its key destinations in July before opening more routes in August. It will also start operating six domestic routes in Finland in July. Its cargo handling operations have continued throughout the COVID-19 outbreak, and it has removed economy-class seats from two additional aircraft to create space for transporting supplies needed during the pandemic.
Finland has ranked third in the Energy Transition Index from the World Economic Forum, which assesses the readiness of 115 countries to adopt clean energy. Read more about in our breaking news article by clicking the headline.
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