Lemminkäinen to build production facilities for Rani Plast at Lemminkäinen's Kaluga industrial park

LEMMINKÄINEN CORPORATION           PRESS RELEASE           17.6.2010, 16:00 


On 17 June 2010, Lemminkäinen signed an agreement with Ab Rani Plast Oy, a
Finnish-based supplier of packaging materials, on the turnkey construction of a
plastic film extrusion plant at Lemminkäinen's Kaluga industrial park in
Russia. Rani Plast is the first client in Lemminkäinen's Kaluga industrial park

The packaging film plant to be constructed for Rani Plast will consist of 5,400
m2 of floor space, located on a 2.3-hectare site. The plant will be completed
by the end of 2011. 
- The EUR 20 million project is a major investment in the future and one of the
biggest in Rani Plast's over 50-year history. Our goal is to produce
high-quality polyethylene films for Russian converting and packaging
industries, as such production does not yet exist to any significant extent in
Russia. The long-term goal is to attain the status of the leading films
supplier in Russia's fast-growing markets, explains Mikael Ahlbäck, Managing
Director, Ab Rani Plast Oy. 

The groundwork on Lemminkäinen's Kaluga industrial park project was started in
late 2007. The park, covering 135 hectares, has space for around 20 production
plants and logistics centres. It is located in Vorotynsk, close to the
industrial city of Kaluga, approximately 170 km southwest of Moscow. The Kaluga
area is a major centre of the automotive and electronics industries. 
- In line with our strategy, we want to take advantage of the growth in the
Russian construction market, says Juha Höyhtyä, Senior Vice President,
Lemminkäinen Talo Oy International. - Russia is currently a very interesting
growth market. I believe our Kaluga industrial park will offer many Western
SMEs a quick, easy and well-functioning solution for investing in Russia. We
are sorting out the land- and infrastructure-related issues on behalf of the
client, so that the client can focus on the quick realisation of their
investment as a Western-style business undertaking.

Corporate Communications

Senior Vice President
Juha Höyhtyä
Lemminkäinen Talo Oy International
Tel. +358 2071 53620

Managing Director
Mikael Ahlbäck
Ab Rani Plast Oy
Tel. +358 20 7680 111

Key media

Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure
Construction, Technical Building Services and Building Products. Net sales in
2009 were approx. EUR 2.0 billion, of which international operations accounted
for approx. one fifth. The Group employs about 8,600 people. Lemminkäinen's
shares are quoted on the NASDAQ OMX Helsinki. www.lemminkainen.com 

Ab Rani Plast Oy is one of the leading total suppliers of polyethylene- and
polypropylene-based packaging materials and solutions in the Nordic countries.
The company was founded in 1955. In addition to its Finnish operations, the
company also has subsidiaries and joint ventures in Sweden, Norway, Slovakia
and Ukraine. The company's head office is located in Teerijärvi, Western
Finland. Rani Plast's net sales in 2009 were EUR 150 million, and the company
employed some 1,000 people, half of whom in Finland. www.raniplast.com