Lemminkäinen Group

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Lemminkäinen
Type Public company (OMXLEM1S)
Industry Construction
Founded 1910
Headquarters Helsinki, Finland
Key people Timo Kohtamäki (Chief executive officer)
Heikki Pentti (majority stockholder)
Revenue Increase 1 796 million (2006)[1]
Operating income Increase 108 million € (2006)[1]
Profit Increase 73 million € (2006)[1]
Employees 8 418 (2006)[1]
Subsidiaries Lemcon Ltd., Oy Alfred A. Palmberg Ab, Tekmanni
Website www.lemminkainen.com

Lemminkäinen Group is a Finnish company that operates in the construction industry. Its business segments are building construction, infrastructure construction and technical building services. The company is named after the Finnish mythological figure Lemminkäinen.

Controversies[edit]

Lemminkäinen and seven smaller companies were convicted of forming a price cartel to overcharge local authorities millions of euros for road paving work (asphalt). In 1999 the Supreme Administrative Court of Finland ruled that the companies colluded on prices and other matters at least between 1994 and 2002. Helsinki District Court was in November 2013 ordered the companies to pay the largest damages in Finnish legal history: 40m euros to forty Finnish municipalities.[2]


References[edit]

  1. ^ a b c d Lemminkäinen Annual Report 2006
  2. ^ Asphalt cartel firms ordered to pay 40m euros in damages yle 28.11.2013