One united Lemminkäinen in 2009
Our new strategy was published in November 2009.
From that moment on, we focused hard on developing our business, improving our financial position and simplifying the structure of our operations. We started to harmonise the ways of working in the different countries and subsidiaries in order to create one united Lemminkäinen. We stopped using the names of the subsidiaries, such as Palmberg and Tekmanni. At the same time, we introduced a new logo and visual look.
In 2010, at its centennial, Lemminkäinen was a strong company with references of complex projects from all around the globe. Its largest market was Finland, which made up almost two thirds of the company’s net sales.
In St Petersburg, the company was carrying out large residential development projects and, in Finland, we launched the residential projects of Jätkäsaari and Kahvikortteli in Helsinki, as well as the excavation of the West Metro. We quarried the LKAB iron ore mine in Kiruna, Sweden, worked on the Kevitsa mine in Finnish Lapland and built the P-Hämppi parking facility in Tampere. In Lithuania and Estonia, we built and renovated roads and, in Sweden, we carried out a contract for the foundation engineering of two large dams. In Poland, we carried out a project management contract for Cargotec’s assembly plant and, in India, a similar contract for Nokia Siemens Networks.
Simpler operational structure
In 2010–2012, we continued simplifying our business structure: we sold our roofing business, pre-cast concrete element and concrete product business and natural stone business. We started to look for growth in infrastructure construction in the Nordic countries.
In 2011, we built over one thousand homes in Finland and started the construction of three office buildings in Töölö Bay, among other projects.
In 2012–2013, we renovated the foundations of the Stockholm Central Station, paved roads in Copenhagen, Denmark, and airports in Norway, renovated the M4 highway in Russia and started the construction of the Rantaväylä tunnel in Finland. Our mammoth contract in Sipoo, a logistics centre for the S Group, continued. In Lithuania, we built a container terminal and, in Russia, office premises for Technopolis. In Latvia, we carried out foundation engineering for a concert hall. In Estonia, we continued with road renovation contracts.
We sold our technical building systems business to Are in the summer of 2014, and decided to focus on building construction and infrastructure construction in the Baltic region.
At the beginning of 2015, we split our infrastructure construction business into two business segments: paving and infra projects. In autumn 2015, we decided not to start any new residential development projects in Russia for the time being.