What are the well-known companies in Sweden?

Sweden’s population exceeded 10 million in 2017 and was reported at 10.18 million in 2018. Its GDP is US$551 billion and its life expectancy is 82.3 years. It is a developed country.

It relies on "building a country through science and technology", and innovation becomes the driving force for enterprise development. It ranks among the top in the world in investment in development of industrial metal processing, machinery manufacturing, nuclear power, and high-end technology, and has strong strength and technological advantages in information and communications, life sciences, clean energy, environmental protection, automobiles, aviation and other fields.

Owns companies or brands such as Ericsson, Volvo, Saab, SKF (Swedish Ball Bearings), Electrolux, IKEA, H&M, IKEA, etc.

There are many well-known companies in Sweden, and they cover a wide range of fields, such as IKEA, Scofu, Ericsson, Electrolux, and ABB , H&M, Hasselblad Camera, etc. are actually Swedish companies, and Volvo, which we have acquired, was also born in Sweden. Swedish companies are very well-known internationally.

Sweden is located in Northern Europe and close to the Arctic Circle. It is a country with an area of ??450,000 square kilometers and a population of just over 10 million. Although its congenital conditions are not very good and it does not have as rich oil resources as Norway, Sweden It is an out-and-out industrial power, with its industrial, technological and economic strength among the best in the world. On a per capita basis, Sweden has the largest number of multinational companies in the world.

Among the many Swedish companies, the most famous one should be Volvo. Volvo Cars, founded in 1924, is the largest automobile company in Northern Europe. The brand's cars are known as the safest cars in the world. Volvo is also a world-famous truck manufacturer. Although it was acquired by Zhejiang Geely Automobile in 2010, its production lines and other products still remain in Sweden.

In addition to Volvo, Sweden also has a car brand called Saab. Saab was formed by the merger of the Scandinavian Automobile Company and the Swedish Aircraft Company. It was originally an aircraft manufacturing company. Similar to Volvo, Saab has many patented technologies in the safety performance of automobiles and is well-known in the world.

In the field of daily life and home furnishings, Sweden's H&M and IKEA enjoy high reputations internationally. H&M was founded in Sweden in 1947. It mainly operates clothing and cosmetics. It was also one of the world's top 500 companies. enterprise. The three elements of its business philosophy of "fashion, quality and good price" are popular around the world. Whether in Europe or currently in China, H&M stores are very common, and its popularity and annual sales are among the best in the industry.

IKEA, founded in 1943, is currently the world's largest home furnishing products sales company. Sweden, which adopts a global procurement model, is currently one of the largest purchasers and sellers of home furnishings in the country. It has more than 100,000 employees worldwide and nearly 30 stores in mainland China, among which the Chongqing store is the largest in Asia. store. In many cities such as Beijing, Nanjing, and Shanghai, hanging out at IKEA is also one of many people's weekend leisure activities, and it is very well-known.

Although Sweden is limited in size, it has to be said that it has extremely high achievements in the industrial field. SKF, headquartered in Gothenburg, Sweden, is a global leader in bearing technology and manufacturing. The leader, founded in 1907, produces more than 500 million bearings every year and has a sales network all over the world. In addition to bearings, SKF also produces high-quality special steels. It produces a patent every two days on average. It is also the first bearing company to pass ISO14001 environmental certification.

Ericsson was born in Stockholm, Sweden in 1876. In its early days, it was a company that produced telephones. It later became the world's largest manufacturer of mobile communication equipment. It is a major leader in the world in the field of mobile communication standardization and network services. One of the latest Forbes Global Digital Economy Top 100 Companies, Ericsson ranks 96th. Overall, Sweden has a very appropriate number of internationally renowned companies in the industrial and service sectors, which is especially rare for a country with a relatively limited size like Sweden.

Sweden's Largest Companies

Some of Sweden's largest companies include Volvo, Ericsson, Skanska, and H&M.

Volvo is Sweden's largest company.

For ten years the Swedish company has been one of the largest companies in the Nordic countries. Sweden is home to some of the most successful companies with operations around the world. The country’s forward-thinking culture and digitally connected economy provide room for businesses to grow and develop. From 2008 to 2013, there were at least 20 Swedish companies in the Forbes Global 2000 list, the most among Nordic countries. Here are some of Sweden's biggest companies shaping the world.

Sweden's largest company

Volvo

Volvo is Sweden's largest company based on its annual revenue and turnover. It is also the 4th largest company in the Nordic region and the 183rd largest company in the world by revenue (Forbes Global 2000, 2013). Volvo is famous for its station wagons, which have become a family brand in most countries. The company's core business is the production and sale of public cars, trucks and construction equipment. In addition, it provides financial services and supplies industrial and marine drive systems. Founded in 1927, the Volvo Group operates in 18 countries and has more than 10,000 employees.

Ericsson

Ericsson is a telecommunications company known for its network and mobile technologies. The company is headquartered in Stockholm and was founded in 1876 by Lars Magnus Ericsson. Although a family-owned company, Ericsson currently employs nearly 100,000 people worldwide. It remains at the forefront due to its innovative approach, including partnerships with research institutions and universities around the world.

Skanska

Skanska is one of the world leaders in construction and project development. It is ranked as the fifth largest construction firm in the world by Global Construction Magazine. Skanska was founded in 1887 and has since worked on a number of high-profile projects including bridges, roads, hospitals, airports, offices and buildings. Some of its projects include the Mater Dei, MetLife Stadium, the World Trade Center and the Oresund Bridge

H&M

Hennes and Mauritz, or H&M, is a clothing retail company known for its men's and women's , famous for children's fashion clothing. The company has more than 4,500 companies in 62 countries. H&M is the world's second-largest clothing retailer after Inditex. The company sells fashionable clothing and accessories and also has several sub-brands in its stores. To ensure that the company maintains its image in the market, suppliers will always be audited to ensure that they comply with the company's code of conduct regarding workplace safety and child labor.

Telia

Telia is a mobile network operator and mobile company headquartered in Sweden and operating in several other countries such as the Nordic countries, Northern and Eastern Europe and South and Central Asia. The company was founded in 2002 when Telia and Sonera merged. As of 2013, the company had approximately 182 million mobile customers and 21,000 employees. It is now the largest mobile operator in the Baltics and Northern Europe by customer base and revenue.

Ericsson (ERICSSON), Electrolux (Electrolux), EF (EF), Tetra Pak (Tetra Pak), ABB electrical products, AGA infrared imaging devices, maintenance Passenger locks (ASSA ABLOY), GAMBRO Medical Equipment Company, IKEA, SCA Packaging Group, Swedish Match Company - lighter manufacturer (Swedish Match), TeliaSonera, the largest telecom operator in the Nordic region, Tele2, the second largest telecom operator in Sweden , SAAB, Volvo, construction group Skanska, Sweden's Sandvik (SANDVIK), Sweden's largest power company Vattenfall

Let me start with the conclusion: What many people don't know is that in March and April this year , the European and American clothing brand H&M, which was strongly opposed and boycotted by all Chinese people because of the cotton issue, is a Swedish company!

Others include Swedish brands Ericsson, Volvo, IKEA, Electrolux and other companies in China.

Ericsson brand participated in domestic 5G testing, but Huawei was "blacklisted" by Sweden!

In the global competition in the 5G communications field, China's Huawei and Sweden's Ericsson are the two companies with the most technological advantages. However, China allows Ericsson to participate in domestic 5G construction, but Sweden does not allow Huawei to participate in its 5G construction. What is the reason for this!

Ericsson Group Headquarters Building

In October last year, the Swedish Post and Telecommunications Agency announced that it would ban two Chinese companies, Huawei and ZTE, out of so-called "security" considerations. Participate in the construction of the country's 5G network and require the removal of all Huawei and ZTE equipment installed in the country before 2025.

After Sweden announced this ban, it became the second European country after the United Kingdom to explicitly ban Huawei from participating in 5G construction projects. It was also the first in the EU, and the impact was extremely bad. It is clear to everyone that the Swedish government is cooperating with the United States to curb Chinese high-tech companies led by Huawei!

After this incident, there were also different attitudes in Sweden, and there were some objections. For example, the Swedish court issued a temporary injunction in November last year, requiring the Swedish Post and Telecommunications Agency to stop restricting Huawei's additional terms. However, in January this year, the Swedish Post and Telecommunications Agency ignored the court's injunction and restarted the 5G construction bidding, and once again excluded Huawei and ZTE.

Recently, my country’s four major telecom operators organized 5G equipment tests. In addition to the participation of Chinese companies such as Huawei and ZTE, Swedish telecom giant Ericsson also shamelessly participated in the test. Get a piece of China's 5G construction market!

According to the latest news, Ericsson is participating in China Mobile’s 5G equipment test. A person familiar with the matter revealed that China provided Ericsson with an "interview" opportunity this time in the hope that Sweden could actively correct its mistakes, step back from the brink, and change its previous decision to ban Huawei.

Please note that this is also the last chance for the Swedes.

On May 11, my country’s Ambassador to Sweden Gui Congyou accepted an exclusive interview with Sweden’s Express. He specifically expressed his position on Sweden’s ban on Huawei.

Ambassador Gui solemnly stated that Sweden’s ban on Huawei has no legal or factual basis. He hopes that Sweden will correct its wrong decision as soon as possible and provide a proper business environment for Chinese companies to operate normally and legally in Sweden. .

As for Swedish Ericsson’s participation in China’s 5G project, Ambassador Gui pointed out that Ericsson’s operating conditions in China must be determined by Chinese consumers.

Ambassador Gui’s statement is very clear. China is not like the Swedish government, which will use untenable “national security” lies as an excuse to prevent the Swedish company Ericsson from developing in China.

However, Sweden "blocks" Huawei 5G, but Ericsson still wants to make money from China? Why can we agree? Chinese consumers are bound to express dissatisfaction, which will inevitably affect Ericsson's operations.

Sweden is a small Nordic country with a population of only about 10 million. The market is very small. Even if Huawei loses the Swedish market, it will not suffer much loss. But China has a population of about 1.4 billion and is the most promising consumer market in the world. If the Swedes insist on banning Huawei, it will be a matter of time before Ericsson completely leaves the Chinese market.

Around us, there is an example of a Swedish company in China that we are all familiar with. What many people don’t know is that the European and American clothing brand H&M, which was strongly opposed and boycotted by all Chinese people because of the cotton issue in March and April this year, is a Swedish company!

H&M has closed many stores one after another

It is mid-May. H&M has closed at least 20 stores in the country in the past period. Although H&M no longer covers its door sign and has begun to resume business. But what worries them most is the long-term and silent indifference of Chinese consumers towards these unfriendly foreign brands.

Now, whenever we see pictures or shots of cotton, of course we will immediately think of the Swedish H&M clothing brand, and wonder whether it has completely disappeared from the Chinese market!

If consumers have such an association, then what future does this company have?

This principle is the same for Swedish brands Ericsson, Volvo, IKEA, Electrolux and other Chinese companies. If this Swedish ban on Huawei proves that the Swedes are indeed following the Americans and curbing our high-tech companies, then other Swedish companies operating in China may also be affected.

This is actually the true meaning of what Ambassador Gui said: "It is up to Chinese consumers to decide." I wonder if the Swedes understand this advice and understand the lessons learned from H&M!

Of course, we Chinese have good reasons to express our love and hate for foreign brands. The premise is whether this country is friendly to us!

In short, after Sweden imposed a ban on Huawei, China did not make things difficult for Sweden's Ericsson. Instead, it gave it the opportunity to test equipment and expand its business. It also gave the Swedes a last chance.

But Swedes should not pretend to be ignorant. If the Swedish government does not give Chinese companies a fair and just opportunity, then hundreds of millions of people will never be polite to Swedish companies!

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