Lindab has received an order worth approximately SEK 12 m to deliver the
ventilation system for the extension of Audi's car production plant in Györ in
north-west Hungary. The order includes Lindab's circular ducts and fittings and
will be delivered to a tight time schedule between now and March 2012.
Lindab's President and CEO, David Brodetsky, commented:
"The Hungarian economy has suffered greatly since the downturn. The fact that
Audi is making a EUR 900 million investment and will create 1,800 new jobs sends
a positive signal."
David Brodetsky continues:
"We are very pleased to be involved in this exciting project that includes
strict demands for both product performance and logistics. Our Czech, German and
Hungarian business units will collaborate in this project and this underlines
one of the advantages of Lindab's extensive European operations to support major
cross-border projects."
End
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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.
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Contacts:
LINDAB
David Brodetsky, CEO
Email:david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Nils-Johan Andersson, Business Area Manager, Ventilation
Email:nils-johan.andersson@lindab.com
Mobile: +46 (0)70 668 5075
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 business is carried out within three business areas, Ventilation, Building
Components and Building Systems. 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 net sales of SEK 6,527 m in 2010, was established in 31 countries
and had approximately 4,400 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2010, the Nordic market accounted for 45
percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet
states) for 22 percent, Western Europe for 29 percent and other markets for 4
percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For
more information visit www.lindabgroup.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1557231]