PRESS RELEASE 20.6.2007
Lemminkäinen Group's Lemcon Ltd has signed a co-operation agreement with
authorities on an industrial park project in Russia as well as a pre-contract
for the purchase of the park's entire 130-hectare site. The industrial park will
be built in Vorotynsk near Kaluga, a city of some 350,000 inhabitants in central
Russia. Some 15-20 production plants and logistics centres will be located in
the industrial park.
Investors are interested in Kaluga area: Volkswagen and Volvo, among others,
have announced investments in the province. In addition to automotive industry
suppliers, the building materials industry serving the Russian market is
interested in the region due to its excellent logistical connections and
professionally skilled labour force.
- Lemcon's industrial park concept improves risk management because it provides
companies investing in Russia with a dependable framework for the handling of
issues such as the transfer of plot ownership rights and necessary
infrastructure, says Lemcon's Export Director Juha Höyhtyä.
Export Director Juha Höyhtyä
Tel. +358 40 537 50 32
Project Development Manager Dmitry Abakumov,
Tel. +358 400 341 419
Project Development Manager Juha Virtanen
Tel. +358 40 5565175
Lemcon Ltd, Lemminkäinen Group's international project contractor, which derives
about a half of its business from abroad. In Finland the company focuses on
demanding infrastructure contracts and project management contracting. In
addition to its operations in Europe, the company serves as a project and
telecoms network contractor in the Americas and Asia.
Lemminkäinen Group operates in all areas of the construction sector. Its main
business areas are building contracting, infrastructure construction, the
building materials industry, and technical building and facility services. Net
sales in 2006 were EUR 1,795.9 million, of which international operations
accounted for about a third. The Group employs some 8,500 people. Lemminkäinen's
share is listed on Helsinki Stock Exchange.