PROPERTY
KONGSBERG engages in extensive property operations, consisting of industrial property management on its own account and for others. Kongsberg Næringspark is the operating company. The majority of the properties are located in Kongsberg and Horten.
Property leased to KONGSBERG activities
In addition to the Group's own properties, 36 000 m2 are subleased to Group companies. These properties are located in Oslo, Asker, Lillestrøm, Trondheim and Stjørdal.
Property owned by external owners, but managed by Kongsberg Næringsparkutvikling
These properties were previously owned by KONGSBERG and were subsequently sold through sale-leaseback agreements, cf. Note 31 to the accounts. Collectively, these comprise 106 800 m2. All in all, KONGSBERG has about 264 000 m2 of real property under management.
New composite plant
KONGSBERG is building a new industrial building for the production of aircraft components in composite and a factory for advanced machining of titanium. The building is just less than 30 000 m2 in size, and will be ready for occupancy in 2008. This initiative is motivated by the planned acquisition of new Norwegian fighter craft. KONGSBERG has already signed long-term framework agreements with Lockheed Martin and Northrop Grumman for the production of composite products for the new Joint Strike Fighter. The Government would like any acquisition of new fighter craft to provide Norwegian industry with a significant boost in advanced materials technology. Consequently, KONGSBERG is working with all three candidates on plans for technological development and production related to advanced composites. The plant is one of the largest industrial complexes constructed in Norway in recent years. In full operation, it will accommodate approx. 350 workplaces.
New building planned
A pilot project was conducted in 2007 in connection with a new building for
Kongsberg Maritime in Kongsberg. The building will cover approx. 17 000 m2 and be ready for occupancy in late 2009.
It is expected that the new composite facility in Kongsberg will be engaged in industrial production for the next 30 to 50 years.