On 25 May 2007 Lemminkäinen Corporation acquired a majority interest in the
Estonian construction company Lõhketööd OÜ, which was established in 1992 and
specialises in quarrying, blasting and demolition work. Lõhketööd OÜ operates
nationwide in Estonia.
Lõhketööd OÜ employs 18 people and its net sales in 2006 were approx. EUR 1.5
million. The former principal shareholder and managing director of Lõhketööd OÜ,
Mr. Andres Leht, will continue to lead the company after the acquisition.
- The purpose of this acquisition is to expand our quarrying contracting
operations and to develop the processing of mineral aggregates in Estonia and
also in the other Baltic states, says the Head of Lemminkäinen Corporation's
Mineral Aggregates Unit, Mr. Juhani Innanen.
- At the same time we will ensure the supply of mineral aggregates necessary for
our asphalt paving operations in the country.
Lemminkäinen Group's AS Talter is one of Estonia's largest asphalt paving
Head of the Mineral Aggregates Unit
Tel. +358 2071 53537, +358 400 416 419
Paving and Mineral Aggregates Division
Lemminkäinen's Paving and Mineral Aggregates Division is an asphalt paving and
road improvement contractor as well as a producer of mineral aggregates and
ready-mix concrete. The Division also carries out year-round highway maintenance
contracts and offers environmental engineering products and services. The
Division operates mainly in the Baltic Rim region and derives roughly half of
its business from international operations.
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.