Publication of Lemminkäinen Corporation's Financial Statements bulletin for the year 2017
LEMMINKÄINEN CORPORATION PRESS RELEASE 26.4.2007 Lemcon Ltd of the Lemminkäinen Group has been awarded a tunnel construction contract worth EUR 54 million in Sweden. The new Kroksberg railway tunnel will be built on a new section of track between Härnösand and Veda, forming part of the 100-year-old Ådalsbana line that follows the coast of the Gulf of Bothnia. The Kroksberg tunnel will be 4.5 kilometres long and when completed it will be longest tunnel o
LEMMINKÄINEN CORPORATION PRESS RELEASE 26.4.2007 Lemcon Ltd of the Lemminkäinen Group has been awarded a tunnel construction contract worth EUR 54 million in Sweden. The new Kroksberg railway tunnel will be built on a new section of track between Härnösand and Veda, forming part of the 100-year-old Ådalsbana line that follows the coast of the Gulf of Bothnia. The Kroksberg tunnel will be 4.5 kilometres long and when completed it will be longest tunnel on the Ådalsbana line. Work at Kroksberg has already started with the construction of two adits, and excavation of the main tunnel will begin in the summer. The tunnel will be completed in early spring 2010. The client is Banverket Central Region. The Kroksberg tunnel is Lemcon's second railway tunnel contract on the Ådalsbana line. In January 2007 the company started work on the construction of the adjacent Bjässholmen tunnel. A total of six tunnels with a combined length of 11 kilometres will be built on the new 21-kilometre-long track section. The Ådalsbana line connects to the Botniabana line, on which Lemcon has constructed a number of tunnels in recent years. - The Ådalsbana line tunnels are a strategically important group of contracts for Lemcon in Central Sweden, says the Head of Lemcon Infra, Mr. Timo Kohtamäki. - The new contracts are together worth about EUR 100 million. They bring long-term sustainability to our operations and give us good development opportunities in rock engineering generally and on the Swedish market in particular. Lemcon has been operating continuously on the Swedish tunnel construction market since 1994. In addition to the Ådalsbana line contracts, the company has built eleven other railway tunnels in Sweden. LEMMINKÄINEN CORPORATION Corporate Communications Additional information: Timo Kohtamäki Head of Unit, Lemcon Ltd, Tel. +358 40 585 3113 Lemcon Ltd is Lemminkäinen Group's international project contractor, which derives half of its net sales from operations abroad. In Finland the company focuses on demanding infrastructure contracts and project management contracting. The company operates as a project contractor and telecommunications network builder in Europe, 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 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. Lemminkäinen's share is listed on Helsinki Stock Exchange.