IPC constructs an apartment house in Reyðarfjörður
On 27 December IPC signed an agreement with machine shop Vélsmiðja Hjalta Einarssonar hf to construct a fourteen-flat apartment house on two floors at 5-7 Bakkagerði, Reyðarfjörður. Construction work has already begun.
Each flat has its own, separate entrance and will be delivered fully equipped with all fixtures, appliances and floorings. The ground will be fully finished, with paved and partially asphalted paths. The parking lot will be asphalted and the parking area demarcated by lines. Vélsmiðja Hjalta will use the new building as accommodation for its employees, who will man a new machine shop currently being constructed in Reyðarfjörður. The first flats will be delivered to the owner in July 2008, with the project ending on 1 September 2008.
In addition to the apartment house construction, IPC is also constructing a machine shop in Reyðarfjörður for Vélsmiðja Hjalta to be delivered fully equipped in July 2008, as well as a machine shop in Hafnarfjörður to be delivered in May 2008.