LEMMINKÄINEN CORPORATION INVESTOR NEWS 9 JULY 2012 AT 2 PM
LEMMINKÄINEN TO BUILD A MINERAL WOOL FACTORY FOR PAROC IN RUSSIA
Lemminkäinen and Paroc have signed a contract for the construction of the first phase of Paroc's new mineral wool factory in Tver, to the northwest of Moscow. The project is being implemented as a project management contract. Work on the site will begin immediately. Lemminkäinen's construction work will be finished in summer 2013.
The new production plant will be constructed on an old industry plot. As part of the first phase of the project, a production line for construction insulator materials will be built in the factory.
Lemminkäinen took care of demolishing the old building earlier this spring.
"The new contract is a sign of the client's trust in Lemminkäinen's skill in demanding industrial construction in Russia. First and foremost, this project requires that we have local expertise, project management from start to finish and smooth cooperation with the client," says Juha Vättö, Regional Director at Lemminkäinen.
Juha Vättö, Regional Director
Tel. +7 921 936 6666
NASDAQ OMX Helsinki Oy
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly one third. The Group employs an average of 8,400 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com