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Kemira: Alcro-Beckers to build new paint plant in Sweden

18 May 2006 - Alcro-Beckers AB, part of the Finnish Tikkurila that is responsible for the Kemira Group's paint business, has agreed to sell its factory site located near the centre of Stockholm to Skanska. The preliminary price has been set at EUR 36.3 million (SEK 340 million). The final price will be confirmed after a new town plan for the area has been approved. Skanska plans to build apartments and commercial facilities to the area.
 
Alcro-Beckers has been producing paints on the Lövholmen site since 1902. The present paint production will be transferred mainly to Nykvarn, some 40 km to the south of Stockholm, where a new, modern paint plant will be erected next to the company's existing logistics centre. This investment amounts to EUR 16 million (SEK 150 million), and the transfer of production is scheduled to take place during the first half of 2008. Other functions of Alcro-Beckers will continue to be located in the Stockholm area.