Skanska announce order cancellation in USA Building for a total of USD 161 M, about SEK 1.1 billion

10/10/2014 8:00 AM CET
Press release

Skanska announces that Harvard Business School in Boston has cancelled the order of constructing the Ruth Mulan Chu Chao Center worth about USD 51 M, about SEK 340 M. The Morton Plant Hospital Association has also cancelled the order of constructing a hospital building in Florida worth about USD 110 M, about SEK 734 M. The cancellations will reduce the order bookings for Skanska USA Building with a total of USD 161 M, about SEK 1.1 billion in the third quarter 2014.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5 billion.