LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 29.7.2009, 10.15
MAJOR LIFE CYCLE PROJECT FOR LEMMINKÄINEN IN KUOPIO
On 27 July 2009 Kuopio City Board selected Lemminkäinen Corporation as the
service provider for a major life cycle project. The project entity encompasses
the new construction and basic repair of four schools and one child day-care
centre. The service provider will be responsible for the maintenance and upkeep
of the buildings for a period of 25 years. The total value of the project is
EUR 93.5 million.
The provider consortium consists of Savocon Oy, Lemcon Ltd, OKA Oy, Tekmanni Oy
and Tekmanni Service Oy, all of which are Lemminkäinen Group companies.
All the construction works of the project will be completed by autumn 2013.
Martti Ahtisaari school and Puijonsarvi school will be completed in autumn
2011, Rajala school and Puijonlaakso child day-care centre in autumn 2012, and
Pohjantie school by autumn 2013.
Contract negotiations between the City of Kuopio and Lemminkäinen Corporation
will commence at the earliest opportunity. Planning will begin in the autumn
and construction works will get underway in Kuopio at the turn of the year.
Project start-up is still subject to ratification by Kuopio City Council.
Lemminkäinen Group is involved in many life cycle projects. Examples include
the E18 Muurla-Lohja Motorway as well as a number of courthouses and police
buildings around the country.
Development Director Esa Kemppainen
Lemminkäinen Talo Oy
Tel. +358 400 605 507
NASDAQ OMX Helsinki Ltd
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
2008 were approx. EUR 2.5 billion, of which international operations accounted
for over a quarter. The Group employs about 9,800 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd.