Cardo invests SEK 100 million in new production line for residential garage doors

12/17/2001 8:46 AM EST

Cardo invests SEK 100 million in new production line for residential
garage doors

Cardo's business area Door has decided to invest in a new production
line for residential garage doors at its plant in Torslanda, Sweden. The
investment will total approximately SEK 100 million. The new facility,
which will be completed by mid-2003, will produce overhead doors for all
European markets.

"By means of this investment, we are ensuring our further expansion in
the area of residential garage doors," says Cardo's president and CEO
Kjell Svensson.

"At the new facility, we shall produce what are known as 'overhead
doors', a door concept that is winning an ever greater market in Europe
at the expense of solutions such as the more traditional vertical one-
piece door."

Cardo Door's production of residential garage doors is carried out at
its own plants in Sweden, Germany and the UK. The doors are mainly
marketed under the brand names Crawford, Normstahl and Henderson.

Cardo Door is a business area in the Cardo group and one of Europe's
largest manufacturers of residential garage doors. Door is also one of
the world's largest manufacturers of industrial doors, Europe's leading
supplier of dock loading equipment and the market leader in the service
of these products. Door's turnover amounts to approximately SEK 5
billion.

Malmö, Sweden, December 17 2001

Cardo AB (publ)

For further information, please contact:

Kjell Svensson, President and CEO,
phone +46 40 35 04 53, +46 40 35 04 00

Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25,
+46 40 35 04 00

Cardo is an international engineering group with a turnover of
approximately SEK 10 billion. Cardo holds a strong position in the
markets for doors, pumps and rail-vehicle brake systems. Cardo has
subsidiaries in about 30 countries with the focal point resting in
western Europe, and roughly 8,000 employees.