Finnish firms announce big deals worldwide
Finnish companies Kalmar, Metso, YIT, Neste and Vaisala are undertaking large projects and making substantial investments globally.
First to Kalmar, part of Cargotec, which has won an order to supply 30 terminal tractors Tecon Santos, a Brazilian container terminal operated by Santos Brasil Participações. Tecon Santos covers an area of almost 600 000 square metres in the largest port in Latin America. Kalmar’s equipment already makes up a large share of the terminal’s fleet, with the latest order set to increase that share further in the first quarter of 2019.
Then on to Metso, which has found a new distributor for its valve solutions in Denmark. The Finnish company has signed a distributor agreement with Grønbech & Sønner that covers the entire breadth of its valve products, related solutions and support services in the Nordic country.
Metso has also acquired the UK-based combustion solutions and technology provider Kiln Flame Systems (KFS). The acquisition will extend Metso’s pyroprocessing portfolio and capabilities, with KFS set to become part of Metso’s mineral services division.
Next up is YIT, which is starting three new residential construction projects in Russia with a total value of approximately 40 million euros. Two of the residential projects are located in St. Petersburg and the third one in the city of Yekaterinburg, where YIT is constructing the Suomen Ranta apartment building complex.
Moving on to Neste, which has made a major investment in its renewable products production capacity in Singapore. The approximately 1.4 billion-euro investment will increase Neste’s overall renewable product capacity by up to 1.3 million tonnes per annum. The startup of the new production line is planned for the first half of 2022 and will help the Finnish company to meet growing global demand for low-carbon solutions in areas such as transport, cities, aviation and polymers.
Finally to Vaisala, which will support an educational project in Australia by providing 20 primary schools in the Sydney metropolitan area with urban weather and air quality solutions. The project is developed by the University of New South Wales (UNSW) in Sydney and funded by the Australian Department of Industry, Innovation and Science. It aims to increase students’ scientific understanding of urban environments, and the collected data will also be available to the general public.