Nynas successfully exits reorganisation

The District Court of Södertörn has decided that the Nynas company reorganisation is now complete, following a creditors meeting where the previously submitted composition proposal was accepted.

“I am happy to announce this very important step for Nynas and that we are now exiting the reorganisation that has been ongoing since December last year. Together with our loyal customers and suppliers, we will vigorously move forward and continue to develop our business in all our global markets. We are ready to take back lost market share and more,” says Bo Askvik, Nynas President & CEO.

The court's decision will be effective on 21 December, and thereafter Nynas will no longer be limited by the reorganisation regulations.

"The situation that Nynas has found itself in due to the reorganisation has placed tough demands on all parties involved, and intolerable pressure on our staff. Our brand is still strong, and this is the result of efforts made by all the loyal and hardworking staff in Nynas. I would also like to express that we are sincerely grateful for the support received from our customers and suppliers. Our partnerships truly go beyond mere commercial transactions," says Bo Askvik.

Projects

Road maintenance, Finland

The Finish road network has a total length of 454,000 km. The State-maintained section – 78,000 km – consists of main roads class I and II, motorways and regional and connecting roads. In 2019, approximately 1,800 km of the State-maintained road network were repaved.

Projects

Kiruna, Sweden

Work at the world's largest underground mine has resulted in deformations and crack formations at ground level that are so extensive that parts of the city of Kiruna are having to be relocated. One important project in this transformation is the new 7 km long section of the E10 north of the city.

Research

The bitumen laboratory in Nynäshamn

The Nynas bitumen laboratory – BitTech – plays a key role in offering the best technical solutions in close collaboration with customers. Carl Hultin explains more.

Projects

Safe work in Surrey

Although a lot of surface dressing work as well as other roadworks were cancelled during the UK lockdown, one Nynas customer, Hazell & Jefferies Ltd of Oxford, were able to convince their clients that they could keep working safely under the tight restrictions.

Noted

The score for quality is lower

Roberto Crotti, World Economic Forum (WEF), on the state of the European road network.

Interview on the link between roads and competitiveness


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