Duroc entered into a strategic partnership with LKAB, which aims to jointly develop the offer with imaintenance Of railway wheels and related components. The collaboration implies that LKAB acquires 49- percent of the shares in Duroc Rail AB (Rail), for a preliminary purchase price amounting to approximately MSEK 75 and will together with Rail develop and build a production facility in Luleå. The new facility, which will be owned by LKAB and used by Rail, is expected to be completed in the end of 2025.

The investment allows an increased flexibility and productivity and will have the dimensions necessary to support Rails expected future growth that the industrial developments in the Northern part of Sweden will entail.