October 3, 2019
The daily brief: 3 October 2019
YIT is constructing a wind farm in Sweden.
All the daily Finnish business news that works: Nokian Tyres, YIT and UROS make headlines.
Nokian Tyres has opened its first US factory, YIT is constructing a wind farm in northern Sweden, and UROS and Thundercomm Technology will jointly open a 5G and IoT innovation centre in Finland.
Finnish company Nokian Tyres has officially opened its 830 000-square-foot tyre production facility in Dayton, Tennessee, the US. The factory is one of the most advanced of its kind in the world and will produce approximately four million tyres per year after reaching full capacity. Commercial production is set to start in early 2020, with Nokian Tyres aiming to double its North American sales in five years.
YIT has signed an agreement with Stavro Vind for the construction of a new wind farm in Örnsköldsvik, Sweden. The work has already started, and the wind farm is expected to be completed in summer 2021. The agreement is worth approximately 35 million euros and covers the turbine foundations and lifting areas, as well as the wind farm’s internal roads and cabling.
Finnish company UROS and Thundercomm Technology will jointly open a new innovation centre for the Internet of Things (IoT) and 5G at UROS’s headquarters in Finland. The state-of-the-art facility will be supported by the Finnish government and will utilise IoT products and technology from Qualcomm Technologies. It will provide a live environment for startups, companies and universities to collaborate on driving innovation in IoT and 5G technologies for Finland, the Nordics and the greater EU region.
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