Lindab International AB :Lindab invests in new distribution centre for Northern Europe in Grevie
Lindab has decided to invest in an 8,000 sq. m large distribution centre to be located adjacent to the existing production unit in Grevie, Southern Sweden.
The initiative is in line with Lindab's strategy to streamline workflow from purchase to distribution to the customer. With a highly effective and automated distribution centre where big volumes are handled cost-effectively, the customer will benefit from better availability and faster deliveries, both directly from the factory and through the branch system. By means of having a more optimised working capital, opportunities arise to broaden the range and to create more enhanced offerings to Lindab's customers.
Lindab's President and CEO Anders Berg commented:
"The Nordics is our largest sales region and having a highly efficient distribution centre adjacent to our existing production facility here in Grevie is a cornerstone for our continued development. It is fully in line with our strategy to tie up less capital and provide even more services to our customers, big and small.
We see an increasing trend in small and frequent orders and it is important to satisfy our customers' demands in the best possible way. With the new distribution centre, we can increase the throughput of products as well as develop our profitable growth.
We see this as a big and important step in strengthening our distribution to customers -to create a centre for distribution with a focus on the entire flow where the factories' role moving forward becomes one more of distinct producers, while the distribution centre handles the deliveries to the customers and our extensive branch system."
The new distribution centre will be fully operational in 2017 and will become a central hub of Lindab's logistics.
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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. |
Contacts:
LINDAB
Anders Berg, CEO
Email: anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155
Linda Kjellgren, Acting CFO
Email: linda.kjellgren@lindab.com
Mobile: +46 (0)70 51 77867
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 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 sales revenue of SEK 7,003 m in 2014 and is established in 32 countries with approximately 4,600 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2014, the Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 21 percent, Western Europe for 30 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com