Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Finland to focus on getting more out of its traditional industries

10.03.2005


Home to some of the world’s largest forest products companies, Finland is committed to staying at the front of this sector and others where it is particularly strong, according to a recent study by the country’s National Technology Agency, Tekes.
Introducing new product and business concepts in traditional industries has been identified as one of Finland’s key six application focus areas in the future.

As leaders in the forest products sector, Finnish companies face some tough challenges in deciding how to revitalise parts of their business and develop start-ups to take advantage of new business opportunities. Multidisciplinary and cross-technological initiatives will be a key avenue to solving these challenges, according to the Tekes report.



Finland’s metal and electronic industry face similar challenges. To succeed in a global economy, these sectors need to pay increasing attention to specialising in competitive products and services and introducing new business models. Modern process and production technology, and developing new ways of using ICT, will be important in enhancing long-term competitiveness.

The Tekes report also suggests that the interfaces between different industrial clusters will have a valuable role in generating important new strengths for the Finnish economy. Combining Finnish strengths in electronics and the forest industry will open up the way for new kinds of materials and communication solutions. Innovative approaches to the media could open up new opportunities for paper products and extend paper beyond printing into a broader range of media uses. Finnish companies are already developing printed electronics and smart packaging, for example, and these are expected to play an important role in life in the future.

Mira Banerjee | alfa
Further information:
http://www.tekes.fi

More articles from Business and Finance:

nachricht Research: Tax benefits for housing not as outsized as previously thought
21.08.2014 | University of Illinois at Urbana-Champaign

nachricht Surprising number of older adults weathered the 'Great Recession' without financial strain
18.08.2014 | American Sociological Association

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Anzeige

Anzeige

Event News

IT security in the digital society

27.08.2014 | Event News

Understanding the brain—neuroscientists meet in Göttingen

27.08.2014 | Event News

MEDICA EDUCATION CONFERENCE: Bessere Behandlung dank Biomarker

21.08.2014 | Event News

 
Latest News

Study finds marine protected areas inadequate for protecting fish and ocean ecology

29.08.2014 | Ecology, The Environment and Conservation

Trash Burning Worldwide Significantly Worsens Air Pollution

29.08.2014 | Ecology, The Environment and Conservation

Watching the structure of glass under pressure

29.08.2014 | Materials Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>