July, the 18th 2009
Lemcon to build new multi-assembly unit for Cargotec in Poland
Lemminkäinen Group's Lemcon Ltd has made an agreement on the project management contract for Cargotec's new multi-assembly unit (MAU) in Poland. The client is Cargotec Poland Sp. z.o.o. The MAU is being built in the county of Stargard Szczecinski, about 50 kilometres from Szczecin in Northern Poland.
The total value of the project for Lemcon is approx. EUR 22 million, which includes design and consulting services during the preliminary phase. The timetable is very tight, with production scheduled for phased start-up in the first half of 2010. Work began in June 2009 and will be totally completed in June 2010.
Lemcon has been operating in Poland since 1996, focusing on the realisation of office, industrial and logistics centre projects of international investors. "The project fits in well with the company's strategy of implementing the foreign investment projects of Finnish industrial companies," says Klaus Tervilä, Lemcon's Senior Vice President, International Operations.
About Lemminkainen Group
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services, and building products. Net sales in 2008 were approx. EUR 2.5 billion, of which international operations accounted for over a quarter. The Group employs about 9,800 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd.
About lemcon Ltd
Lemcon Ltd, a subsidiary of Lemminkäinen Talo Oy, is an international project contractor that derives more than half of its business from projects abroad. In Finland the company focuses on project management contracting and project development. The company's international operations also encompass developer contracting and telecom network construction. Lemcon Ltd operates in about 20 countries in Europe, Asia, Africa and South America. In 2008 the company generated net sales of approx. EUR 292 million and employed about 700 people in Finland and abroad.
Senior Vice President, International Operations
Tel. +358 2071 53343, +358 400 815971
NASDAQ OMX Helsinki
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