January 9, 2020
The daily brief: 9 January 2020
YIT will build an environmentally friendly cruise terminal in Tallinn heated with energy from seawater and complete with a pedestrian promenade.
All the daily Finnish business news that works: YIT, We Tech, Accountor and Verso Food make headlines.
YIT builds a new cruise terminal in Estonia, We Tech supplies energy efficient shipping technology in South Korea, Accountor ICT strengthens Advania’s expansion in the Finnish IT market and Verso Food’s Beanit‘s fava bean pieces and mince are hitting shelves in the UK.
Finnish company We Tech Solutions will supply energy efficient technology for two very large gas carriers (VLGC) being built by Hyundai Samho Heavy Industries in South Korea. We Tech will commence delivery of the technology in September 2020, which will decrease fuel consumption, operational costs and improve the environmental performance of the new vessels.
Hyundai Heavy Industries
Nordic company Advania is expanding in the Finnish IT market by acquiring the Accountor ICT business from Finland-based Accountor Group. The divestment is part of Accountor’s strategy to focus on core business areas, while Advania is looking to become the leading IT, digitalisation and managed services partner with operations in all Nordic countries. Advania entered the Finnish market a year ago when it acquired Vintor and now has over 80 professionals based in the country.
Finnish construction company YIT has agreed with the Port of Tallinn to build a new sustainable cruise terminal in the Estonian capital. The contract is worth over 13 million euros for YIT, with construction set to begin in January 2020 and finish in the summer of 2021. The project includes a three-storey terminal building, pedestrian promenade area at the pier, children’s playground and parking spaces. The technical design is environmentally friendly, and the building utilise sea heating and draw energy from a seawater collector and solar panels.
Verso Food’s Beanit fava bean pieces and mince are arriving on the shelves of retailer Sainsbury’s in the UK. Produced in Finland, the Beanit products will be available in 300 Sainsbury’s shops across the UK. The company’s new 11-million-euro production facility in the town of Kauhava is ready to expand its capacity to meet growing international demand. Last year, Verso Food was acquired by the Norwegian group Kavli.
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