November 19, 2020
DAILY BRIEF: Young scientists, healthtech, malting, luxury hotel, LNG fuel and fast food
Kide Science teaches science to young children through fun, hands-on experiments.
All the daily Finnish business news that works: Kide Science, Viking Malt, Nexstim, hotel Marski, Gasum and Fafa’s make headlines.
Viking Malt builds a new Finnish malting house, Nexstim develops healthtech prototypes, Marski by Scandic wins luxury hotel awards, Gasum expands out of the Nordics, Kide Science delivers a winning pitch, and Fafa’s continues its expansion.
Viking Malt Group has decided to invest around 90 million euros in a new malting house in the Finnish city of Lahti. The project is one of the largest investments in the Finnish food and beverage industry and the Lahti region in the past 10 years. The production capacity of the malting house will be around 85 000 tons per year, and the plan is for operations to start in 2023. Viking Malt is the largest malting company in Scandinavia and the global leader in speciality malts, selling its products to the food, beverage and brewing industries.
Finnish medical technology company Nexstim has signed a purchase agreement worth 900 000 euros to develop and deliver two prototype systems for a research project. The prototypes are based on Nexstim’s navigated brain stimulation (NBS) system and will enable novel stimulation paradigms and diagnostics of the brain. The buyer is a US-based foundation that will donate the prototypes to research partners in the US and Europe.
Marski by Scandic, a hotel located in the heart of Helsinki, has won two awards at the World Luxury Hotel Awards. Marski was the winner of the European Luxury City Hotel category and its restaurant, Kuusi Palaa, the winner of the North European Contemporary Cuisine category. The World Luxury Hotel Awards have been going for 16 years now, and the winners are decided by over 300 000 international travellers who vote on their favourite hotels worldwide.
Marski by Scandic
Finnish energy company Gasum has extended its bunkering area from the Nordics to include Antwerp, Amsterdam and Rotterdam, also known as the ARA region. The expansion comes through a new liquefied natural gas (LNG) supply deal with its long-term partner Equinor, a large international energy company headquartered in Norway. LNG is the cleanest shipping fuel available and meets the stricter regulations on shipping emissions introduced by the International Maritime Organization (IMO) in January 2020.
Kide Science, a Finnish education company using hands-on experiments and storytelling to teach science to young children, has started a collaboration with Mirai Partners, a learning innovations group based in Dubai. Mirai Partners works with schools, corporates and governments on next-generation learning systems under the leadership of Nyla Khan, who was chosen by Forbes as one of the 30 under 30 innovators in education. Kide Science is also the winner of the first edition of the Creative Business Network Play & Learn challenge, in which eight innovative play-and-learn startups from around the world pitched in front of investors.
Finnish fast casual food chain Fafa’s plans to continue its expansion despite the uncertainty caused by the coronavirus pandemic with at least two new restaurants by the end of March. The chain, made famous in its home market by its fresh take on falafels and kebabs, will also develop its digital services to reach consumers through laptops and smartphones. Read more about Fafa’s outlook in our article by clicking the headline.
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