PRESS RELEASE 15.11.2007, 13.00
Lemminkäinen Group's Lemcon Ltd is proceeding with its Kaluga industrial park
project in Russia. On 15 November 2007 the company signed an investment and
co-operation agreement with the Kaluga provincial authorities. The signing
ceremony was held in Helsinki in connection with the Finno-Russian Partnership
Forum organised by Sitra, the Finnish Innovation Fund.
The industrial park will be built on a 135-hectare site in the town of
Vorotynsk, which is located 200 kilometres southwest of Moscow. Twenty or so
production plants and logistics centres with a gross floor area totalling some
500,000 square metres will be built in the industrial park over the next few
Companies are being actively encouraged to set up in Kaluga by means of tax
reliefs and other incentives. The price of electrical energy in the province is
also extremely competitive. The companies that have already set up in Kaluga
include Stora Enso Packaging, Volkswagen, Volvo Trucks, Nestle, Lafarge and
Lemcon's business idea is to offer Western companies investing in Russia a fast
and low-risk way to establish themselves in Russia's growing markets.
“As issues relating to land procurement and infrastructure have been worked out
for our clients in advance, we can concentrate on implementing their investments
quickly as Western-style contracts,” states Lemcon's Managing Director, Mr.
Matti A. Mantere.
”We spent a long time studying alternative sites in Central Russia. Kaluga
emerged as the clear winner due to its investment-friendly business climate,
good availability of skilled labour, and excellent communications,” adds Mr.
President Matti A. Mantere
Tel. +358 400 407
Vice President Juha Höyhtyä
Tel. +358 40 537
Project Development Manager Dmitry Abakumov
Tel. +358 400 341 419
Lemcon Ltd, Lemminkäinen Group's international project contractor, 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, technical
building services, and building products. Net sales in 2006 were EUR 1.8
billion, of which international operations accounted for about a third. The
Group employs some 9,000 people. Lemminkäinen's share is listed on Helsinki