The tender of Nordecon AS was declared successful in the procurement for the
construction of the new dairy of E-Piim. Nordecon AS and AS E-Piim Tootmine have
now commenced the precontractual negotiations. Construction activities will
start in the summer of 2019, and the new dairy will be completed in the autumn
of 2021. Cost of the project is close to 29 million euros, VAT excluded.
The new dairy will be built in Paide and the complex will consist of a two-
storey administrative building, one-storey production space and a seven-storey
section for the milk powder production. Total useful space of the complex is
30,589 sqm.
Nordecon (www.nordecon.com) 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, Finland and Sweden. The parent of the Group is Nordecon AS, a
company registered and located in Tallinn, Estonia. The consolidated unaudited
revenue of the Group in 2018 was 223 million euros. Currently Nordecon Group
employs close to 690 people. Since 18 May 2006 the company's shares have been
quoted in the main list of the NASDAQ Tallinn Stock Exchange.
Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
Email: andri.hobemagi@nordecon.com (mailto:andri.hobemagi@nordecon.com)
www.nordecon.com (http://www.nordecon.com)
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