Lindab International AB :Lindab's Building Systems division diversifies market coverage
(Thomson Reuters ONE) -
Lindab's Building Systems division, which has been challenged by the market
decline in Russia and Belarus for some time, is taking successful steps to win
new ground in Africa. Two recent orders for Astron buildings show that these
efforts are yielding results.
In Calabar, Nigeria, Lindab's Building Systems division, has been chosen to
design, supply and supervise the erection of an 8,500 square metre new
manufacturing and services facility for General Electric-Emerald Oil & Gas. The
order is worth approx. SEK 30 m and will be delivered from the end of 2015 until
the end of 2016.
The other order destined for Anyama, Ivory Coast, is worth approx. SEK 56
million and includes buildings / production units to serve as a new Heineken
brewery. The shipments are scheduled to take place in 2016.
Anders Berg, Lindab's President and CEO commented:
"The market diversification is a long-term effort and we are pleased about the
developments in Africa with its good opportunities across multiple sectors and
industries. Short term, it does not off-set the sharp decline in our Russian and
Belarusian markets, but we are continuing to work with both new and existing
markets as well as the overall direction and structure of our business. It is
still a difficult situation but there are signs of gradual improvements."
End
The information here is that which Lindab International AB has willingly
chosen to make public or that which it is obliged to make public according to
the Swedish Securities Market Act and/or the Financial Instruments Trading
Act.
Contacts:
LINDAB
Anders Berg, CEO
Email: anders.berg(at)lindab.com
Mobile: +46 (0) 70 35 89155
Linda Kjellgren, acting CFO
Email: linda.kjellgren(at)lindab.com
Mobile: +46 (0)70 51 77867
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
climate.
The products are characterised by their high quality, ease of assembly, energy
efficiency, consideration towards the environment, and are delivered with high
levels of service. Altogether, this increases customer value.
The Group had sales revenue of SEK 7,003 m in 2014 and is established in 32
countries with approximately 4,600 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2014, the Nordic market accounted for 46
percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet
states) for 21 percent, Western Europe for 30 percent and other markets for 3
percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For
more information visit www.lindabgroup.com
press release:
http://hugin.info/1122/R/1957016/713257.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lindab International AB via GlobeNewswire
[HUG#1957016]
Unternehmensinformation / Kurzprofil:
Datum: 08.10.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 425768
Anzahl Zeichen: 3840
contact information:
Town:
BÃ¥stad
Kategorie:
Business News
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