November 28, 2019
The daily brief: 28 November 2019
Finland and its capital Helsinki continue to attract foreign direct investments at a record pace.
All the daily Finnish business news that works: Honkarakenne, Glaston and foreign direct investments in Finland make headlines.
Honkarakenne helps to build a cultural exchange centre in Chinese city of Dujiangyan, Finland secures a record number of foreign direct investment (FDI) projects, and Glaston delivers glass processing machinery in China.
Finnish wood house manufacturer Honkarakenne has signed a strategic co-operation agreement with the municipal government for building a cultural exchange centre in Dujiangyan, China. The centre will be developed together with Dujiangyan’s Finnish sister city of Ähtäri. According to Honkarakenne’s general manager Tuomas Saarelainen, the project will represent Finnish knowhow in healthy and ecological living and will promote the wellbeing of the visitors who will eventually use the services of the cultural exchange centre.
Finland reached a new record high of 194 foreign direct investment (FDI) projects in 2018, attracting more projects than the other Nordic countries combined, according to EY’s Nordics Attractiveness Survey 2019. The country has now topped the regional ranking for seven consecutive years. The largest number of FDI projects were created in the digital, health and social work, and business services sectors. Finland also made another new record by capturing 3.1 per cent of all European FDI projects in 2018, its largest proportion since the establishment of the EY European Investment Monitor in 2000.
City of Helsinki
Finnish glass processing technologies provider Glaston has closed a deal with one of China’s largest glass companies, Xinyi Glass, for several automotive pre-processing machines. The order will be delivered in two phases – the first in early 2020 and the second upon the completion and acceptance of the first. Both of the phases are worth approximately one million euros for Glaston. Xinyi Glass is currently setting up a completely new factory in Malaysia, for which it has ordered a total of six pre-processing machines for automotive glass.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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