Peab Industri signs new agreement in Norway

Through its subsidiary S:t Eriks, Peab Industri has signed a three-year agreement for the supply of paving products to Steinsenteret AS, Norway’s leading specialised retail chain for paving products with 23 stores.

“The agreement is a breakthrough for us in the Norwegian market,” says Jan Claesson, CEO of S:t Eriks. “Together with the annual agreements we have signed with the leading Swedish specialised retail chains we now have a good foundation for starting off the 2008 season.

In 2007, S:t Eriks had sales of almost SEK 400 million, of which about half went to the specialised retail market. During 2008 the company will invest in a new production line at its Uppsala facility in order to increase capacity and thus meet the increasing levels of demand.

For additional information, please contact:
Jan Claesson, CEO S:t Eriks + 46 18 16 09 00
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10


Previous press releases from Peab Industri are available at www.peabindustri.com.