LEMMINKÄINEN CORPORATION PRESS RELEASE 13. June 2012 AT 2 PM
LEMMINKÄINEN WINS ANOTHER MAIN ROAD RENOVATION CONTRACT IN RUSSIA
Lemminkäinen has won another significant renovation contract of the M4 road in Russia. This one, close to Moscow, covers a 16-kilometre stretch, with renovation involving milling and repaving of the road. The contract was ordered by Avtodor, a Russian state-owned enterprise managing the key main roads in Russia. The total value of Lemminkäinen?s contract is EUR 14 million.
The project requires 110,000 tonnes of asphalt, produced by Lemminkäinen at a fixed asphalt plant in Moscow. "This project is a significant continuation of the first renovation contract on the M4 road, launched by Lemminkäinen in the spring," says Leo Kaariniemi, Area Director for Russia at Lemminkäinen.
In April, Lemminkäinen began milling, repaving and auxiliary work on a 46-kilometre stretch of road in cooperation with DSO1, the project's main contractor. Both worksites are located in the vicinity of Moscow, and are only 23 kilometres apart.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Area Director, Russia, Infrastructure Construction
International Operations, Lemminkäinen Corporation
Tel. +358 2071 53445
NASDAQ OMX Helsinki Ltd
Lemminkäinen Group operates in all branches of the construction sector. The Group?s business operations are organised in four divisions, handling building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 totalled approx. 2.3 billion euros, with international operations accounting for roughly one third. The Group employs 8,400 people on average. Lemminkäinen Corporation is listed on the NASDAQ OMX Helsinki exchange. www.lemminkainen.com