LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 25.4.2007
In July 2004 Lemminkäinen Corporation´s subsidiary Forssan Betoni Oy signed an
agreement with the Framatome(now Areva NP)-Siemens consortium, the lead
contractor for the construction of the third nuclear power plant at Olkiluoto,
concerning the delivery of ready-mix concrete for the entire nuclear power plant
On 24 April 2007 the parties have agreed to amend the original delivery contract
in order to clarify the responsibilities of the parties involved in the
demanding construction project.
Under a commercial agreement signed today, Forssan Betoni will not continue to
supply concrete for the power plant's reactor building complex. A separate
batching plant has been built on site for this purpose. The contractor
responsible for the reactor building complex will itself produce the concrete.
Forssan Betoni will continue to deliver concrete until the end of the project to
Siemens's subcontractors working on the turbine island. In addition, Forssan
Betoni's plants will serve as backups for the new batching plant.
Studies conducted earlier did not reveal any deficiencies in the ready-mix
concrete delivered by Forssan Betoni to the power plant project. The parties do
not have any claims against one another.
Juhani Sormaala, Managing Director, Lemminkäinen Corporation, tel. +358 2071
Henrik Eklund, Head of the Paving and Mineral Aggregates Division, Lemminkäinen
Corporation, tel. +358 40 563 7811
Helsinki Stock Exchange
Forssan Betoni Oy belongs to Lemminkäinen Group's Paving and Mineral Aggregates
Division. The company has a number of fixed ready-mix concrete plants all over
Finland, and it is one of the three largest ready-mix concrete suppliers in the
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.