Skanska signs additional contract for the expansion of NKT’s cable factory in Karlskrona, Sweden, for about SEK 300M

Skanska has signed an additional contract with NKT HV Cables AB regarding time-critical work with foundation and framework. The contract is worth SEK 300M, which will be included in the order bookings for Sweden in the fourth quarter, 2023.

The existing collaboration agreement between the parties is now supplemented with another contract linked to time-critical work such as foundation and structural work.

Danish NKT is a leading manufacturer of high-voltage cables. High-voltage cables are an enabler for increased installation of renewable energy sources and an important part of the green transition both in Sweden and abroad. NKT’s investment will contribute to Europe’s ability to develop the distribution of renewable energy sources and increase technological development in Blekinge and Sweden. 

For further information please contact:

Olle Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10 448 67 94

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 knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2022 revenue totaling SEK 162 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.