Alimak Group announces completion of the new building in Saint-Hilaire and a significant payment from insurance
December 06, 2023 at 02:34 am
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The Height Safety and Productivity Solutions division has successfully completed the reconstruction of its site in Saint-Hilaire, France. In the fourth quarter, the division finalized the related insurance indemnification process, contributing SEK 53 million.
In 2021, the production site in Saint-Hilaire, France, was partially destroyed in a fire. The successful reconstruction has now been concluded, and insurance carriers have confirmed the total indemnification, leading to a final payment of SEK 53 million. This will be recognized as a profit item affecting comparability in the fourth quarter.
Alimak Group publ AB is a Sweden-based company active in industrial equipment sector. It offers vertical access solutions to customers in the construction industry, as well as other sectors. The Company develops and manufactures construction hoists, industrial elevators, mast climbing work platforms, transport platforms and material hoists. It operates in four business segments: Construction Equipment, which designs, develops, manufactures and distributes lifts for temporary installation; Industrial Equipment, providing lifts for permanent installations; Rental, offering renting and service of the Companyâs equipment; and After Sales, comprising service, spare parts, upgrades and trainings. Its product lines are Alimak, Champion, Heis-Tes and Hek. The Company is active in Norway, France, Germany, the United Kingdom, Korea, Singapore, Malaysia, Italy, Spain, China, the United States, Brazil and India, among others.