LEMMINKÄINEN CORPORATION INVESTOR NEWS 19 FEBRUARY 2013 AT 1:30 P.M
LEMMINKÄINEN CONSORTIUM WINS CONTRACT FOR CONTAINER TERMINAL IN LITHUANIA
A consortium between Lemminkäinen and YIT has signed a contract for the construction of an extension to a container terminal in Klaipeda, a Lithuanian seaport. Lemminkäinen will be the main contractor for the consortium. Work at the construction site will begin in March, with the construction being carried out in three phases. The last phase is scheduled for completion in August 2014. The total value of this project is around 28 million euros, of which Lemminkäinen's share is approximately 21.5 million euros.
This contract includes civil engineering works, electrical works, paving of the port's yard, and construction of a technical maintenance building. The Klaipeda terminal is part of the global container terminal network owned by Terminal Investment Ltd.
"The project will strengthen our market position in Lithuania. Our solid expertise in project management is an asset to us in a project of such large scale and tight schedule," says Jarmo Rautanen, Vice President at Lemminkäinen.
Jarmo Rautanen, Vice President, Baltic Countries
International Operations business segment
Tel. +358 400 633 451
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's business segments are building construction, infrastructure construction, technical building services and international operations. Net sales in 2012 were about EUR 2.3 billion, of which international operations accounted for roughly 40 per cent. The Group employs an average of 8,200 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com