Balco signs order for conversion of balconies outside Stockholm

Balco has signed a cooperation agreement regarding the production and delivery of balconies to a tenant-owners association in Täby outside Stockholm. The order, which is for a turnkey project, involves new glazed balconies in accordance with the Balco method and is worth approximately SEK 100 million. Start of the project, which is not yet included in the Company’s order backlog, will take place once the customer has been granted planning permission.

Balco has entered into a cooperation agreement with a HSB tenant-owners association in Täby outside Stockholm regarding production and installation of new balconies. The order involves the conversion and renovation of existing balconies and is worth approximately SEK 100 million. The delivery includes dismantling, project planning, delivery of new fastening systems, balcony floors, roofs and the Balco Air glazing system with Clean-line, Ventech and the Twin windows system. The order value is not included in the order backlog which Balco is reporting in today’s report for the first quarter of 2018. The production phase will commence once planning permission is granted, and thus it is anticipated that the project will contribute to sales in 2019 and 2020. It is estimated that the project will take one year to complete from start of the project.

“The order from the tenant-owners association in Täby is testimony to the fact that we have quality products, great industry know-how and good delivery capacity which facilitates establishment with short lead times. We are continuing to create our own market and we perceive positive opportunities to continue our organic growth. That is the case both in the Nordic region, where we are the market leader, and also in the rest of northern Europe”, says Kenneth Lundahl, President and CEO of Balco, in a comment.

For more information, please contact:
Kenneth Lundahl, President and CEO, 070-630 20 57, kenneth.lundahl@balco.se
Cecilia Lannebo, Head of IR, 072-220 82 77, cecilia.lannebo@balco.se

 

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High quality concrete gives Balco the highest award

This year, Balco’s balcony concrete slabs were awarded the highest rating by the Swedish Byggvarubedömningen. The reason for this is that Balco continuously work towards new goals and the highest quality. Our sustainable production process is thoroughly planned and thought through. Environmental issues are also an important part of our work and our ISO certifications (SO 9001 and ISO 14001) are highly valued.

The balcony slabs are cast in Balco’s own production in Växjö, Sweden. This enables us to guarantee the quality of the balcony slabs under completely different conditions than if they were produced on site. In addition to internal controls, we also prefer that independent external parties evaluate our products in order to ensure that we maintain a high standard.

Byggvarubedömningen is one independent body that evaluates Balco’s products. It is a financially independent association which, among other things, works to ensure that the products used in today’s construction industry contain no harmful chemicals. They also want to see that companies work out a socially sustainable perspective in their production.

If you would like to know more please contact us here: https://www.balcouk.com/contact/