Alcro-Beckers AB, part of the Finnish Tikkurila that is responsible for the Kemira Group’s paint business, has agreed to sell its factory site located near the center of Stockholm to Skanska. The preliminary price has been set at €36.3 million. The final price will be confirmed after a new town plan for the area has been approved. Skanska plans to build apartments and commercial facilities to the area.
Alcro-Beckers have been producing paints on the Lövholmen site since 1902. The present paint production will be transferred mainly to Nykvarn, approximately 40 km to the south of Stockholm, where a new, modern paint plant will be erected next to the company’s existing logistics center. This investment amounts to €16 million, and the transfer of production is scheduled to take place during the first half of 2008. Other functions of Alcro-Beckers will continue to be located in the Stockholm area.
Alcro-Beckers to build new paint plant in Sweden
By Tim Wright
Published May 17, 2006
Related Breaking News
- Axalta Launches Next Generation C5 Electrical Steel Varnish from Energy Solutions Voltatex
- Biocompatible PVDF Coatings Available in Fifteen Colors Address Needs of Medical Device Market
- SE Tylose Appoints GMZ and EW Kaufmann to Represent Rheology Modifiers & Viscosity Control Additives
- Axalta Focuses Sustainable Coating Technology & Products at Global Symposium
Related Paint & Coatings Manufacturer News