17 Sep 2020
EUR 24.77 million
Financial institutions and SMEs
Photo: Husqvarna AB
NIB and Husqvarna AB have signed a SEK 425 million (EUR 49 million) loan for the investment in a new saw-chain factory in Huskvarna, Sweden.
By providing a 5-year loan to Husqvarna, NIB is supporting the company’s strategic decision to begin producing chains for chainsaws in Huskvarna, Sweden.
Setting up a new production line is a major part of the product development of chainsaws, as the chain is critical for the performance of the chainsaw. Husqvarna develops and manufactures high-end models of chainsaws, bush cutters and trimmers at the same location in Huskvarna, Sweden, which is also the company’s main competence centre.
“The NIB loan will help Husqvarna expand its portfolio with a product that has large aftermarkets. We hope the investment will give a boost to both local entrepreneurship and the job market,” says Henrik Normann, NIB President & CEO.
The first chains from the new facility are expected to reach the market in 2015.
The first Husqvarna plant was established in 1689. Nowadays the Husqvarna group, with its 14,200 employees, is the world’s largest producer of outdoor power products that are being sold in more than 100 countries.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Nicolas Audibert, Director, Head of Industries & Services group, at +358 10 618 0689,
Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,