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Finland News

Oil & Gas;Ports & Shipping

HHI selects Wärtsilä Gas Solutions for Malaysian VLEC project technology

Wärtsilä Gas Solutions has secured a contract from Hyundai Heavy Industries (HHI) to supply critical cargo and fuel gas systems for two Very Large Ethane Carriers. The vessels, commissioned for a Malaysian owner, underscore the ongoing demand for specialized gas transport infrastructure and the consolidation of engineering standards within high-capacity maritime logistics.

Finland;Korea (South);Malaysia | 1 month ago

Army

Hanwha Aerospace secures €546 million K9 howitzer follow-on contract from Finland

Hanwha Aerospace has signed a €546 million contract with the Finnish Ministry of Defence for additional K9 Self-Propelled Howitzers. The order brings Finland's K9 fleet to over 200 units, making it the third NATO member to reach that threshold, with deliveries scheduled from 2028 onward.

2 months ago • Finland

Financial Services

CapMan Real Estate outsources Nordic financial services to Colliers in strategic partnership

CapMan Real Estate has appointed Colliers as its financial services partner across Finland and Sweden, with 13 specialists transferring to support the agreement. The deal covers funds investing in office, social infrastructure, and hotel assets, expanding Colliers' property management services into the Swedish market.

2 months ago • Finland

Plastic

Neste starts operations at world's largest liquefied waste plastic upgrading facility

Neste has commissioned a €111 million liquefied waste plastic upgrading unit at its Porvoo refinery in Finland, capable of processing up to 150,000 tons annually. The facility enables chemical recycling of hard-to-recycle plastics into high-quality feedstock for the petrochemical industry, addressing limitations of mechanical recycling.

3 months ago • Finland

Renewable Energy

UPM Energy commits more than EUR 20 million to upgrade Tyrvää hydropower facility in Finland

UPM Energy plans to invest over EUR 20 million to modernize the Tyrvää hydropower plant in Finland’s Pirkanmaa region, with completion targeted by 2030. The upgrades aim to extend operational life, improve grid balancing capability, and reduce environmental risks as renewable energy penetration increases.

3 months ago • Finland

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.