Lemminkäinen Group
 | |
| Public company (Nasdaq Helsinki: LEM1S) | |
| Industry | Construction |
| Founded | 1910 |
| Headquarters | Helsinki, Finland |
Key people | Casimir Lindholm (Chief executive officer) |
| Services | |
| Revenue |
 2 044.5 million € (2014) [1] |
|
36.3 million € (2014) [1] | |
Number of employees | 4 748 (2014) [1] |
| Website | www.lemminkainen.com |
Lemminkäinen Group is a Finnish company that operates in the construction industry. Its business areas are building construction and infrastructure construction. The company operates in Finland, Scandinavia, Baltic countries and Russia.
The company is named after the Finnish mythological figure Lemminkäinen.
Controversies
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
- 1 2 3 "Lemminkäinen's financial statement bulletin 1 Jan - 31 Dec 2014". Lemminkäinen. 2015-03-24. Retrieved 2015-10-06.
- ↑ Asphalt cartel firms ordered to pay 40m euros in damages yle 28.11.2013