AF Gruppen’s Betonmast Wins NOK 200m Contract for Zero-Emission Waste Facility

AF Gruppen ASA ( (AGRUF) ) has shared an announcement.

Betonmast, a subsidiary of AF Gruppen, has secured a turnkey contract worth about NOK 200 million from waste management company Ragn-Sells to build a zero-emission commercial waste facility in Drammen. The project will deliver a 5,000 square metre complex including production and washing halls, garages, technical rooms and an administration section, alongside extensive groundwork, infrastructure and stormwater systems.

The facility underscores AF Gruppen and Betonmast’s strategic focus on environmentally oriented construction and positions them as key partners in the green transition of industrial and waste-handling infrastructure. Project start-up is scheduled for May 2026, signalling a future boost to the group’s order backlog and strengthening its presence in specialised, sustainable industrial buildings.

The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA is a Nordic construction and civil engineering group whose subsidiary Betonmast specialises in industrial and environmental building projects. The group focuses on turnkey construction solutions for infrastructure, commercial and industrial facilities, with an emphasis on sustainable and energy-efficient projects in the Scandinavian market.

Average Trading Volume: 34,225

Current Market Cap: NOK20.7B

For an in-depth examination of AGRUF stock, go to TipRanks’ Overview page.