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Skanska to design, construct and renovate aluminum processing facility in Southeast, USA , for USD 91 M, about SEK 810 M

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Skanska has secured a contract valued at USD 91 million (approx. SEK 810 million) to design and construct an expansion of an aluminum processing facility in the Southeastern USA. The project includes an 8,000-square-meter addition and remodels of 1,900 square meters of existing space. Construction is set to commence in Q2 2021 with completion aimed for 2023. This facility will incorporate green technology, positioning it as one of the most advanced aluminum processing plants globally.

Positive
  • Contract worth USD 91 million boosts order bookings for Q3 2020.
  • Expansion includes modern green technology and state-of-the-art equipment.
  • Construction expected to enhance the company's operational capacity significantly.
Negative
  • None.

OSTERSUND, Sweden, Oct. 9, 2020 /PRNewswire/ -- Skanska has signed a contract to design and build an expansion to an existing aluminum processing facility in the Southeast, USA. Skanska will include the contract worth USD 91 M, about SEK 810 million, in the US order bookings for the third quarter of 2020.

The contract includes the design and construction of a 8,000-square-meter expansion, in addition to remodelling 1,900 square meters of existing plant space. The facility will utilize green technology and state-of-the-art equipment to significantly increase capacity and will be one of the most advanced aluminium processing facilities in the world.

Construction is expected to begin in the second quarter of 2021 and completion is targeted for 2023. PCI Skanska is leading the design.

Skanska is one of the leading construction and development companies in USA, specializing in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

For further information please contact:
Maritza E. Ferreira
Communications Director
Skanska USA
tel +1 (404) 946 75 21

Olof Rundgren
Media Relations Manager
Skanska AB
+46 10 4486794

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-to-design--construct-and-renovate-aluminum-processing-facility-in-southeast--usa---for-usd-9,c3213157

The following files are available for download:

https://mb.cision.com/Main/95/3213157/1316859.pdf

20201009 US aluminium processing facility

Cision View original content:http://www.prnewswire.com/news-releases/skanska-to-design-construct-and-renovate-aluminum-processing-facility-in-southeast-usa--for-usd-91-m-about-sek-810-m-301149278.html

SOURCE Skanska

FAQ

What is the value of the contract Skanska signed for the aluminum processing facility?

The contract is valued at USD 91 million, approximately SEK 810 million.

When is construction expected to begin for Skanska's new aluminum processing facility?

Construction is expected to begin in the second quarter of 2021.

What is the square footage of the new expansion Skanska is working on?

The new expansion will cover 8,000 square meters.

When is the anticipated completion date for Skanska's facility expansion?

The completion of the project is targeted for 2023.

How will the new facility impact Skanska's operations?

The facility will utilize green technology and advanced equipment to significantly increase processing capacity.

SKANSKA AB S/ADR

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