In Estonia, the market outlook for infrastructure construction is positive, and contracts are being actively launched. In addition to ongoing contracts, GRK has received a number of interesting new contracts. GRK has contracts worth more than EUR 120 million in progress in Estonia. GRK has an ongoing large road construction project on the new Tallinn–Tartu…
Today, the construction contract for stage II of the construction of the western bypass in Tartu was signed. The large-scale construction and reconstruction work on the Tallinna–Tartu–Võru–Luhamaa main road and related local street network will commence in June and last for two years. The construction area will also include the Riia roundabout which will become…
Production at our new asphalt plant will start today, 4 May 2021, at 12 noon. The new factory was erected on a strict schedule in Mäntymäki, in Nurmijärvi. GRK’s own expertise was utilised in building the plant, in terms of the environment, measurement work and concrete work. We use the asphalt mix produced at the…
January–December 2020 in brief (compared to 2019):• The order backlog was EUR 421 (481) million• Net sales were EUR 387 (299) million• EBITDA was EUR 28.7 (20.6) million, or 7.4 (6.9) per cent of net sales• Operating profit was 22, EUR 3 (15.8) million, or 5.8 (5.3) per cent of net sales• Return on equity…
GRK Infra AB has been selected to implement the Swedish Transport Agency Trafikverket’s road project E4, Börjelslandet between Persön–S. Råneå . The project is a development-friendly pilot project with a focus on reducing CO2 emissions. Trafikverket has designated the project as a development project aimed at encouraging the contractor to reduce its carbon footprint by…
‒ renewable fuel oil to be introduced on the first construction sites in Finland Finnish construction group GRK will switch to using Neste’s low-emission solutions (Neste MY renewable fuel oil and Neste MY renewable diesel) in its construction machinery. GRK is the first infrastructure company in Finland to reduce greenhouse gas emissions by using Neste’s…
Mikko Nyhä, who started as GRK Rail Oy’s director exactly a year ago in February, will become GRK Rail Oy’s CEO as of 1 February 2021. Former CEO Timo Virmala will retire at the end of 2021. During the transition period, Timo Virmala will continue in the positions assigned to him by Mikko Nyhä and…
Estonian Railways have initiated a highly ambitious investment plan until 2030, to take the quality of the railway infrastructure, traffic management and safety to a new level. The plan involves the renewal of the control-command and signalling systems on three sections of Estonian Railways’ (AS Eesti Raudtee) railway infrastructure and in ca. 50 stations between…
GRK Road Oy has entered into an asset deal with NCC Industry OY on 15 September 2020, whereby the business of Kajaani asphalt plant will be transferred to GRK Road Oy. Two employees transferred to GRK Road in the asset deal. The deal strengthens the company’s position in the asphalt contracting industry in Kainuu and…
The Swedish Transport Administration has selected GRK Infra AB and GRK Rail AB as suppliers of the new ERTMS signalling system for the Arctic Circle and Kiruna 2 control areas. The project encompasses the tracks, electric power, signalling and telecommunications installation. Construction began in late 2020 and will run through 2022, with deployment scheduled for…
