LEMMINKÄINEN CORPORATION PRESS RELEASE 1.8.2007
Lemminkäinen Group's Lemcon Ltd has won significant new construction contracts
Lemcon and H+H International A/S, a Danish manufacturer of lightweight concrete
elements, have signed an agreement to build a 13,500 m2 lightweight concrete
production plant some 75 kilometres southwest of St. Petersburg in the Volosovo
district of Leningrad Oblast.
An office and logistics centre of approx. 10,000 m2 is to be built in Moscow for
Tikkurila, the company responsible for Kemira Group's paints and coatings
Lemcon will also carry out the technical construction works for the enlargement
of Nokian Tyres's production plant in St. Petersburg. The gross floor area of
the plant extension is 33,000 m2.
The combined value of the new construction contracts is approx. EUR 40 million.
Work has already begun on the building sites and the contracts will be completed
”The growth of industrial investments in Russia is significantly boosting demand
for Lemcon's special expertise in the country,” says Lemcon's Export Director
Export Director Juha Höyhtyä
Tel. +358 40 537 5032
Lemcon Ltd is Lemminkäinen Group's international project contractor, which
derives half of its net sales from operations abroad. In Finland the company
focuses on demanding infrastructure contracts and project management
contracting. The company operates as a project contractor and telecommunications
network builder in Europe, 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 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.