Skanska has signed a contract with aluminum producer Hydro for the construction of a new aluminum wire rod production facility in Karmøy, Norway, for approximately NOK 1.1 billion, about SEK 1.0 billion. The contract will be included in the Nordic order bookings for the third quarter of 2026.
The project comprises the construction of a new industrial facility for aluminium wire rod production at Hydro's plant in Karmøy. The facility will include a production hall with furnaces and a wire rod production line, as well as buildings for storage, maintenance and office functions. The scope also covers civil works, technical installations and connections to existing infrastructure at the site.
The new production line is designed with an annual capacity of approximately 110,000 tonnes of aluminium wire rod.
Construction has started and completion is scheduled for March 2028.
For further information please contact:
Audun Lågøyr, EVP Communications, Skanska Norway, tel +47 93 45 25 31
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world's largest construction and project development companies, with 2025 revenue totaling SEK 179 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 25,900 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.
