Kynningsrud Prefab sells Scanpile shares

Selger-andeler-i-Scanpile
In 2006, Kynningsrud Prefab AB and Hercules Grundläggning AB established the concrete piles manufacturing company Scanpile AB with shares of 50 % each. After five years of cooperation the Board of Kynningsrud Prefab AB decided to sell out of this business to focus on developing its own factory in Uddevalla.

Scanpile AB manufactures and supplies concrete piles for the Swedish-Norwegian market from the factory located in Ucklum in Sweden.
31.12.2011 Hercules Grundläggning AB
took over all the shares in Scanpile AB.

Division Director Pål Sanne in Kynningsrud Prefab says that it was natural to sell out, because pile production is not part of their core business.
Kynningsrud
Prefab is in the middle of an investment phase for concrete production, where an investment plan of over 100 million will be implemented.

Kynningsrud Concrete is concrete product supplier to the Norwegian-Swedish market. The company has a good order book and will sell for over 350 million in 2012.