LEMMINKÄINEN CORPORATION PRESS RELEASE 13 FEBRUARY AT 2:30 P.M
LEMMINKÄINEN SIGNS A CONTRACT FOR THE INSTALLATION OF PROCESS EQUIPMENT AT A PAROC GROUP FACTORY IN RUSSIA
Lemminkäinen and Paroc Group have agreed on the installation of process equipment at Paroc Group's new production facility, now undergoing its first construction phase. The production facility is located in Tver, to the north west of Moscow. Work on the site is already under way, with the completion scheduled for the end of August 2013. The parties have agreed not to disclose the contract price.
The new contract covers the installation of process equipment, piping, as well as electricity. Lemminkäinen and Paroc Group have already agreed that Lemminkäinen will undertake the first phase of the facility construction as a project management project.
"This new contract provides us with an excellent opportunity to demonstrate our customers the benefits they will gain as we can offer them both the construction and process installation from the same supplier," comments Juha Höyhtyä, Senior Vice President at Lemminkäinen.
Juha Höyhtyä, Senior Vice President
International Operations business segment
Tel. +358 2071 53620
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