The other half of Nordecon’s portfolio of services includes general contracting and project management in the field of civil engineering works: road construction and maintenance, engineering and environmental construction, rental of building equipment, and production of road construction materials. Nordecon’s subsidiaries include Nordecon Betoon, specialising in designing and building concrete works; Kaurits, specialising in rental of heavy equipment and contracting; and Järva Teed and Hiiu Teed, both specialising in maintenance of county roads.
In the field of civil engineering works, Nordecon offers the services of general contracting, as well as management of design work and project management.
Nordecon’s second main specialty in civil engineering is hydrotechnical structures and environmental works. Nordecon has carried out various projects closing domestic waste disposal sites and landfills containing heavy metals, also building water treatments plants, piping systems and pump rooms. In the field of hydrotechnical structures, Nordecon has been involved in building several big Estonian ports, constructing berths, breakwaters, bank protections and performing other large-scale engineering works.
Nordecon Betoon mainly specialises in designing and building concrete works, including bridges, overpasses, viaducts, tunnels, basements and reinforced concrete frameworks for buildings. For ports, Nordecon Betoon has built berths, ramps and breakwaters. Kaurits is involved in rental, sales and maintenance of road construction and earthworks machines, as well as contracting.
The sales revenue of Nordecon AS amounted to €27.1 million in the 1st quarter of 2013, which is 20% more than in the same period the year before. The Group’s gross profit in the 1st quarter was €593,000, increasing by more than half a million euros compared to the quarter a year ago.
Today, Nordecon AS delivered the completed commercial and residential building at the address Rotermanni 10 in the Tallinn City Centre to Rotermanni City OÜ, a company engaged in developing the Rotermanni Quarter. The construction of the commercial building with guest apartments lasted 12 months.
The management board of Nordecon AS (registry code 10099962, address Pärnu mnt 158/1, 11317 Tallinn) summons an annual general meeting of shareholders, which shall be held on 24 May 2013 at 10.00 a.m. in the conference centre of Radisson Blu Hotel Olümpia, room Beta (Liivalaia 33, 10118 Tallinn).
Nordecon enter into a contract with AS Paide Vesi for reconstruction of the water treatment plant in Paide. The total value of the work with the reserve of the contracting entity is 6.74 million euros exclusive of VAT.