Saturday, 4 July 2026
Skanska has secured a contract worth approximately NOK 1.1 billion (around SEK 1.0 billion) from aluminium producer Hydro to construct a new aluminium wire rod production facility at the company’s industrial site in Karmøy, Norway.
The contract will be included in Skanska’s Nordic order bookings for the third quarter of 2026.
The project involves the construction of a new manufacturing facility that will expand Hydro’s aluminium wire rod production capacity. The development includes a production hall equipped with furnaces and a wire rod production line, together with storage facilities, maintenance buildings and office space. The contract also covers civil engineering works, technical installations and integration with the site’s existing infrastructure.
Once completed, the new production line is expected to have an annual production capacity of approximately 110,000 tonnes of aluminium wire rod.
Construction has already commenced, with completion scheduled for March 2028.
The investment forms part of continued industrial expansion within Norway’s metals sector, where manufacturers are investing in modern production facilities to improve efficiency, strengthen supply chains and support demand from industries including power transmission, construction and automotive manufacturing. Aluminium wire rod is a key raw material used in electrical cables and other industrial applications, making additional production capacity strategically important as electrification and energy infrastructure projects continue to expand across Europe.
