The great interest in using wood for building provided Moelven with strong operating income in the first quarter, although the winter cooled some parts of the market.
The Norwegian contractors HENT AS are building the Mjøstårnet project for AB Invest. Moelven Limtre AS is HENT's turnkey subcontractor and will supply glulam, Kerto® and cross laminated timber for the tower structure and neighbouring swimming arena.Mjøstårnet will have wood-based floor elements in the bottom ten storeys, using Moelven's Trä8 system. Moelven supplies and installs the wooden structures. Installation will take place from September 2017 until May 2018.
Moelven earned NOK 420 million from operations in 2017. This is an improvement of NOK 125million compared with the previous year. Operating revenues for the full year increased by 4.5 per cent to NOK 10,768 million.
Moelven is a Scandinavian industrial group that produces building materials and systems for the construction industry.
Links to certificates for all Moelven companies.