PRESS RELEASE, 12.12.2007
MAJOR ROAD CONTRACTS FOR LEMMINKÄINEN IN LATVIA
Lemminkäinen has received two major road contracts from the Latvian Road
Administration. The combined value of the road works is EUR 18.2 million. Work
will begin in spring 2008 and will be completed by August 2009.
The works on Latvia's A2 and A6 main roads will include basic improvement of the
road structure from sub-base to asphalt pavement on two sections of road. The A2
road from Riga to the Estonian border will be improved on a 2.1-kilometre-long
section near the town of Sigulda. The second contract involves a
5.7-kilometre-long road section near the town of Ogre on the A6 road between
Riga and the border with Belarus.
The projects will be partly funded by the European Union.
“The contracts are an extension of the World Bank and EU-funded highway projects
that we have carried out in Latvia over the past ten years,” says the Head of
Lemminkäinen's Paving and Mineral Aggregates Division, Mr. Henrik Eklund. “The
country will be benefiting from more EU-funded projects in the future, too.”
Head of the Paving and Mineral Aggregates Division
Tel. +358 40 563 7811
Regional Director Kalle Kauppi
Tel. +358 400 423 765
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 construction, 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 main market area is the Baltic
rim region, but it also serves customers all over the world in specialised areas
of construction. Lemminkäinen's share is listed on Helsinki Stock Exchange.