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The wheels of Finnish industry keep spinning

The opening ceremony of Peikko’s new factory in St. Petersburg was held on 18 April.Peikko

Finnish industrial companies Peikko, Konecranes, Outokumpu, YIT and Nokia have been busy worldwide.

First up is Peikko, which has opened its new factory in St. Petersburg, Russia. The 9 000-square metre building will enable Peikko to significantly widen its product portfolio, and start the production of composite beams and wind turbine foundation components in Russia.

Then onto Konecranes, which has received orders for its Gottwald Mobile Harbour Crane. The Finnish company will supply one crane to the Italian multi-purpose Terminal San Giorgio and another to European Bulk Services in the Netherlands, for operations at the Port of Rotterdam.

Next in line is Outokumpu, which is widening its partnership with Böllinghaus Steel. The two companies have made an agreement whereby Böllinghaus Steel will act as a representative for Outokumpu’s cold drawn hexagon and square bars in Germany and the UK.

YIT, meanwhile, has signed an agreement with Novyi Vek, part of Plaza Lotus Group, for the construction of a hotel in the Moskovski district of St. Petersburg. The agreement covers the first phase of the hotel’s construction, including four 7–21-storey buildings with 535 hotel rooms, an underground parking garage and office spaces.

Finally to Nokia, which is collaborating with OSIsoft to combine Nokia’s LTE-based digital automation cloud technology with OSIsoft’s data infrastructure technologies. This will allow enterprise customers from different industries to deploy powerful infrastructure for predictive maintenance and improved communications. For example, energy companies may use the technologies to predict mechanical problems inside wind turbines in order to minimise downtime and repair costs.

The Finnish telecommunications giant is also joining forces with Smart City Capital to launch a joint programme that will help Canadian cities deploy smart city initiatives. The collaboration combines Nokia’s growing expertise in smart city deployments with project funding from Smart City Capital exceeding two billion Canadian dollars (more than 1.25 billion euros).

Published on 23.04.2018