10 Feb 2023 12:00 CET

Issuer

AF Gruppen ASA

Kanonaden Entreprenad, a subsidiary of AF Gruppen, will carry out the earthworks
for Metsä Tissue’s expansion of the paper mill in Mariestad. The contract is
worth approximately SEK 300 million, excluding VAT.

Kanonaden Entreprenad will carry out the earthworks as a construction contract.
The earthwork also includes unloading and crushing of rock, which will be reused
elsewhere in the project.

The client is Skeppsviken Bygg in Skövde, main contractor for the first step of
the civil works execution. The expansion of the mill in Mariestad will double
the annual capacity for tissue paper production from the current 75,000 tonnes
to 145,000 tonnes.

“We look forward to working with Skeppsviken on this project, which is important
for the entire region and its continued growth. We are convinced that Kanonaden,
with its expertise and experience, will meet the expectations and deliver
high-quality work,” says Bård Frydenlund, EVP Sweden with AF Gruppen.

The earthworks will start in Q1 2023, and the site is expected to be operational
in the second half of 2025.


For further information:

Bård Frydenlund, EVP of AF Gruppen for Betonmast and Sweden, tel. +47 918 68 621
Ola Forsell, CEO of Kanonaden Entreprenad, tlf.: +46 730 66 63 43


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs