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Stock impact report

Cementation Skanska to undertake Sheffield Forgemasters pilling works [Yahoo! Finance]

SKANSKA AB S/ADR (SKBSY) 
NASDAQ:AMEX Investor Relations: group.skanska.com/investors
Company Research Source: Yahoo! Finance
Appointed by the project's main contractor VINCI Building, the deal is worth £12.1m ($15.38m). This facility will support a 13,800m² building, as well as a 13,000-tonne heavy forging press, alongside furnaces, quenching pits, and cranes. The latest project will see Cementation Skanska working in collaboration with VINCI Building to construct a 200m-long secant pile wall to support an 8m to 10m-deep excavation. In total, Cementation will be responsible for the installation of 1,300 piles, with 300 being rotary bored and the remaining 1,000 being continuous flight auger (CFA) piles. The CFA method is said to be quicker, as well as more cost-effective and contributes to reducing carbon emissions for the contract. Cementation Skanska managing director Andy Entwistle said: “We have developed a really collaborative working relationship with VINCI Building and Sheffield Forgemasters, which has helped us to reduce programme timescales and cost. “We reviewed the initial design ass Show less Read more
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