Tallinn, Estonia, 2013-09-16 08:00 CEST (GLOBE NEWSWIRE) -- Nordecon Betoon OÜ (a subsidiary of Nordecon AS) and Väätsa Agro AS (a member of the Trigon Dairy Farming Group) signed a contract for the construction of dairy farming complex in Lõõla village, Väätsa parish (situated in central Estonia). The farming complex with auxiliary buildings and infrastructure is for the keeping of 2,200 head dairy cattle.
The value of the contract is approximately 9 million euros (excluding VAT). Construction work starts in September 2013 and is expected to be completed in August 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 consolidated revenue of the Group in 2012 was 159.4 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