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2007-04-25 07:24:47 CEST 2007-04-25 07:24:47 CEST REGULATED INFORMATION Lemminkäinen - Company AnnouncementCOMPREHENSIVE SOLUTION CONCERNING DELIVERIES OF READY-MIX CONCRETE TO OLKILUOTO NUCLEAR POWER PLANTLEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 25.4.2007 In July 2004 Lemminkäinen Corporation´s subsidiary Forssan Betoni Oy signed an agreement with the Framatome(now Areva NP)-Siemens consortium, the lead contractor for the construction of the third nuclear power plant at Olkiluoto, concerning the delivery of ready-mix concrete for the entire nuclear power plant construction project. On 24 April 2007 the parties have agreed to amend the original delivery contract in order to clarify the responsibilities of the parties involved in the demanding construction project. Under a commercial agreement signed today, Forssan Betoni will not continue to supply concrete for the power plant's reactor building complex. A separate batching plant has been built on site for this purpose. The contractor responsible for the reactor building complex will itself produce the concrete. Forssan Betoni will continue to deliver concrete until the end of the project to Siemens's subcontractors working on the turbine island. In addition, Forssan Betoni's plants will serve as backups for the new batching plant. Studies conducted earlier did not reveal any deficiencies in the ready-mix concrete delivered by Forssan Betoni to the power plant project. The parties do not have any claims against one another. LEMMINKÄINEN CORPORATION Juhani Sormaala Managing Director Additional information: Juhani Sormaala, Managing Director, Lemminkäinen Corporation, tel. +358 2071 53302 Henrik Eklund, Head of the Paving and Mineral Aggregates Division, Lemminkäinen Corporation, tel. +358 40 563 7811 DISTRIBUTION: Helsinki Stock Exchange Key media www.lemminkainen.com Forssan Betoni Oy belongs to Lemminkäinen Group's Paving and Mineral Aggregates Division. The company has a number of fixed ready-mix concrete plants all over Finland, and it is one of the three largest ready-mix concrete suppliers in the country. 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. |
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