January 29, 2020
DAILY BRIEF: 29 January 2020
Spinnova and Bergans have gathered praise from the outdoors and sports communities for their sustainable collection.
All the daily Finnish business news that works: Isku, Spinnova and Fortum make headlines.
Isku finds a partner, Spinnova suits up for an award gala, and Fortum collaborates on future nuclear energy technology.
Isku and EdsbynSenab have entered into a strategic partnership to increase both companies’ market reach and growth. Their combined offering will cover the Nordic countries, Russia, Kazakhstan, the Baltics, Poland, France, the Middle East, China and the US. Almost identical in terms of revenues and values, the two companies are also looking to benefit from synergies in their views on sustainability and customer experience.
ISPO and the Scandinavian Outdoor Award jury have chosen Collection of Tomorrow as the Sustainability Achievement of 2020 at ISPO Munich, the world’s largest sport product trade fair in Munich, Germany. Introduced by Finnish company Spinnova and Norway’s Bergans in late 2019, the collection is designed to be totally circular and champion the reuse of materials. The first prototype is a highly sustainable and chemical-free backpack made of Spinnova fibre, cellulose-based fibre lyocell, lamb wool and wood. The collection will be launched first to subscribers in a bid to integrate customers in the circular economy through co-ownership.
Fortum has signed a memorandum of understanding with Estonia’s Fermi Energia and Belgian engineering company Tractebel to begin collaborating on small modular reactor (SMR) deployment. The project is a continuation of Fortum’s research on SMRs over the past several years and will be based on Fermi Energia’s model. It will focus on developing a licensing model for the technology and conducting light-water reactor studies. The collaboration holds major promise in providing a solution to achieving carbon neutrality across the EU by 2050.
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