Tallinn, Estonia, 2014-02-18 11:47 CET (GLOBE NEWSWIRE) -- Nordecon Betoon OÜ, a subsidiary of Nordecon (group ownership 52 per cent), and Viru Keemia Grupp AS (VKG) have signed an agreement on the construction of foundations and a reinforced framework for the thermal processing unit and a reinforced framework for the condensation area of VKG’s Petroter 3 oil plant.
The value of the contract is approximately 3.3 million euros (excluding VAT). The works will begin in February and end in October 2014.
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The unaudited consolidated revenue of the Group in 2013 was 174 million euros. Currently Nordecon Group employs more than 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Raimo Talviste
Nordecon AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com
www.nordecon.com