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    PEAB B   SE0000106205

PEAB AB (PUBL)

(PEAB B)
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Peab : builds production plant in Seinńjoki

09/13/2021 | 02:01am EDT

Peab has been commissioned to build a new production plant for the food company Atria Oyj i Seinäjoki. The contract is worth EUR 24 million.

Atria's project comprises a new plant for poultry production, which will contribute to increasing the production capacity of chicken products by 40 percent in Finland. The new factory building will be 200 meters long and 130 meters wide making up a total area of 36,000 m2. In addition to the production section Peab will also build a cafeteria, personnel space and offices.

"We are proud to carry out this extensive and important project. Building a production plant for this kind of food requires a special know-how and expertise that we have acquired over time in our previous collaborations with Atria," says Matti Joensuu, Region Manager Peab.

"This is a unique project for us at Atria and a major investment in Finnish poultry production. It has serious bearing on our long-term competitive capacity. With Peab we get a partner with knowledge of and experience in complex projects," says Reijo Äijö, Vice President Technology at Atria Suomi and project manager for the new production plant. 

Peab's part of the project begins in September 2021 and is expected to be completed at the end of 2023.

The project will be order registered in the third quarter 2021.


For further information, please contact:

Matti Joensuu, Region Manager Peab, +358 40 713 2810

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45

Peab is the Nordic Community Builder with 16,000 employees and net sales of SEK 57 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it's lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.

https://news.cision.com/peab/r/peab-builds-production-plant-in-seinajoki,c3413694

https://mb.cision.com/Main/424/3413694/1467162.pdf

https://news.cision.com/peab/i/atria-2020-kuva,c2953057

https://news.cision.com/peab/i/joensuu,c2953058

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
ATRIA OYJ 0.37% 10.78 Delayed Quote.9.44%
PEAB AB (PUBL) 1.01% 94.9 Delayed Quote.5.86%
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Sales 2021 58 295 M 6 774 M 6 774 M
Net income 2021 2 092 M 243 M 243 M
Net Debt 2021 7 905 M 919 M 919 M
P/E ratio 2021 13,4x
Yield 2021 4,71%
Capitalization 27 996 M 3 251 M 3 253 M
EV / Sales 2021 0,62x
EV / Sales 2022 0,60x
Nbr of Employees 16 142
Free-Float 59,1%
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