June 20th, 2007
Lemcon launches industrial park project in Russia
Lemminkäinen Groups Lemcon Ltd has signed a co-operation agreement with authorities on an industrial park project in Russia as well as a pre-contract for the purchase of the parks entire 130-hectare site. The industrial park will be built in Vorotynsk near Kaluga, a city of some 350,000 inhabitants in central Russia. Some 15-20 production plants and logistics centres will be located in the industrial park.
Investors are interested in Kaluga area: Volkswagen and Volvo, among others, have announced investments in the province. In addition to automotive industry suppliers, the building materials industry serving the Russian market is interested in the region due to its excellent logistical connections and professionally skilled labour force.
- Lemcons industrial park concept improves risk management because it provides companies investing in Russia with a dependable framework for the handling of issues such as the transfer of plot ownership rights and necessary infrastructure, says Lemcons Export Director Juha Höyhtyä.
Lemcon Ltd, Lemminkäinen Groups international project contractor, which derives about a half of its business from abroad. In Finland the company focuses on demanding infrastructure contracts and project management contracting. In addition to its operations in Europe, the company serves as a project and telecoms network contractor in the Americas and Asia.
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 and facility 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. Lemminkäinens share is listed on Helsinki Stock Exchange.
Export Director Juha Höyhtyä
Tel. +358 40 537 50 32
Project Development Manager Dmitry Abakumov
Tel. +358 400 341 419
Project Development Manager Juha Virtanen
Tel. +358 40 5565175
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