YIT Oyj FY24 EUR 1,820 m + Skanska Finland + Bilfinger Nordics OL3 + Assemblin Caverion (private post-1 Jul 2024) + Enersense ESENSE (Empower 2020 EUR 1), OL3 CO 1 May 2023 + Metsä Kemi EUR 1.6 bn.
Finnish EPC industrial-plant workforce against YIT Oyj (Nasdaq Helsinki YIT; 2024 revenue EUR 1,820 million; ~4,100 employees; Finland's largest construction firm; Lemminkäinen merged into YIT in 2018), Skanska Oy / Skanska Finland (Finland subsidiary of Skanska AB Nasdaq Stockholm SKA-B; active in industrial water/wastewater + commercial building), Bilfinger Engineering & Maintenance Nordics Oy (Finnish subsidiary of Bilfinger SE Frankfurt GBF; established operations in Finland nuclear OL3 with EDF/Edvance + forest-products process electrification), Assemblin Caverion Group (formerly Caverion Oyj — delisted from Nasdaq Helsinki 1 July 2024 after Crayfish BidCo Bain Capital/Triton acquired all minority shares; merged with Assemblin 1 April 2024; now privately held; still operates in Finland for industrial/data-centre technical installation incl. Kouvola data centre >EUR 100 m), and Enersense International Oyj (Nasdaq Helsinki ESENSE; successor to Empower Oy acquired for EUR 1 on 2 July 2020; 2024 revenue EUR 425 m; Smart Industry / Power / Connectivity / Staff Leasing segments) — Olkiluoto OL3 EPR Commercial operation 1 May 2023 (TVO issued Provisional Takeover Certificate 20 April 2023; regular electricity production started 16 April 2023; ~1,600 MW providing ~30% of Finnish electricity; plant supplier consortium AREVA GmbH + AREVA NP SAS + Siemens AG turnkey fixed-price; Bilfinger supported Edvance on OL3 for 15+ years; Final Takeover accepted 2025 per TVO release; Fennovoima Hanhikivi cancelled May 2022 — NOT a live anchor) + Metsä Fibre Kemi bioproduct mill EUR 1.6 bn investment (mill started up 20 September 2023; operated by Metsä Fibre part of Metsä Group; largest forest-industry investment ever in Finland; ~1.5 million tonnes pulp/year; Valmet key equipment; Bilfinger awarded ~EUR 25 million for construction + process electrification 2022) + Google Hamina data-centre expansion EUR 1 bn announced 20 May 2024 (brings Google's total Hamina/Finland investment to >EUR 4.5 bn since 2009; ~EUR 27 m land acquisition in Muhos/Kajaani ~1,400 ha; Haminan Energia heat-recovery partnership) + Microsoft Espoo data-centre region announced 17 March 2022 (Fortum partnership for district heat; Finland's largest-ever single ICT investment per Microsoft/Fortum joint release) + Posiva Onkalo spent-fuel repository (YIT Suomi Oy excavation contracts EUR 20 m November 2016 + GBP 15.4M / ~USD 18.9M September 2019; first five disposal tunnels ~1,700 m total completed; excavation began May 2021; counterparty Posiva Oy — TVO 60% / Fortum 40%) + Skanska / Nokian Vesi wastewater plant EUR 35 m Q4 2024 + Skanska / Turku Region Water backup water treatment EUR 48 m Q1 2025. Tilaajavastuulaki / Act on the Contractor's Obligations 1233/2006 (in force 1 January 2007) + Luotettava Kumppani register Vastuu Group tilaajavastuu.fi + Työntekijöiden lähettämislaki 447/2016 (most recent amendments 1 May 2024) + Aluehallintovirasto AVI Regional State Administrative Agencies + Lounais-Suomen aluehallintovirasto (Southwestern Finland OSH Division Finnish liaison office EU Directive 96/71/EC) + Työturvallisuuslaki 738/2002 + STUK Säteilyturvakeskus radiation worker Category A (>6 mSv/year) + Category B (1-6 mSv/year) + SFS-EN ISO 9606-1:2013 + PED Cat II-IV Notified Body + Verotili + MaRaL / Talotekniikka / Rakennusalan TES sectoral CBAs.
Request Technical BriefingRegulator exposure profile
- Tilaajavastuulaki 1233/2006 + LK28%
- Lähettämislaki 447/2016 + AVI26%
- STUK Cat A/B + SFS-EN ISO 9606-124%
- MaRaL / Talotekniikka / Rakennusalan TES22%
Nuclear + forest-products + DC EPC ladder.
Finnish EPC industrial-plant ladder: civil + foundations through process-piping + mechanical + E&I + commissioning — anchored by STUK for nuclear OL3 + Tilaajavastuulaki for all subcontractor onboarding.
▲ Process ready / first generation
- Mechanical completion fulfilled
Process commissioning
- SFS-EN ISO 9606-1:2013
- PED Cat II-IV NB
- EN 1090 EXC3+
- E&I + DCS integration fulfilled
Instrument loop-check
- STUK Cat A/B (nuclear)
- IEC 61511 SIL
- Tilaajavastuu.fi
- Piping + mechanical fulfilled
Pipe + steel erect
- MaRaL / Rakennusalan TES
- WPQR scope
- Luotettava Kumppani
- Civil + foundations fulfilled
Concrete + earthworks
- Työntekijöiden lähettämislaki 447/2016
- AVI OSH
- Verotili
▼ Civil ground works
Named projects in this jurisdiction
- Olkiluoto OL3 EPR (Commercial operation 1 May 2023; TVO issued Provisional Takeover Certificate 20 April 2023; regular electricity production started 16 April 2023; ~1,600 MW providing ~30% of Finnish electricity; plant supplier consortium AREVA GmbH + AREVA NP SAS + Siemens AG turnkey fixed-price; Bilfinger supported Edvance on OL3 for 15+ years; Final Takeover accepted 2025 per TVO release; Fennovoima Hanhikivi cancelled May 2022) TVO + AREVA-Siemens consortium + Bilfinger 2023
- Metsä Fibre Kemi bioproduct mill (EUR 1.6 bn investment decision; mill started up 20 September 2023; operated by Metsä Fibre part of Metsä Group; largest forest-industry investment ever in Finland; ~1.5 million tonnes pulp/year; Valmet key equipment; Bilfinger ~EUR 25 m construction + process electrification 2022 contract) Metsä Fibre / Bilfinger 2023
- Google Hamina data-centre expansion (EUR 1 bn announced 20 May 2024; total Hamina/Finland investment to >EUR 4.5 bn since 2009; ~EUR 27 m land acquisition in Muhos/Kajaani ~1,400 ha) + Microsoft Espoo data-centre region announced 17 March 2022 (Fortum partnership district heat; Finland's largest-ever single ICT investment) Google + Microsoft + YIT/Caverion/Eltel 2024
- Posiva Onkalo spent-fuel repository (YIT Suomi Oy excavation contracts EUR 20 m November 2016 + GBP 15.4 m September 2019; first five disposal tunnels ~1,700 m total completed; excavation began May 2021; counterparty Posiva Oy — TVO 60% / Fortum 40%) + Skanska/Nokian Vesi wastewater plant EUR 35 m Q4 2024 + Skanska/Turku Region Water EUR 48 m Q1 2025 Posiva + YIT + Skanska Finland
Finnish EPC: YIT Oyj (FY24 EUR 1.82 bn), Skanska Finland (SKA-B), Bilfinger Nordics (GBF; OL3 15+ yrs), Assemblin Caverion (private post-Jul 2024), Enersense (ESENSE; Empower successor 2020). OL3 EPR commercial 1 May 2023 + Metsä Kemi EUR 1.6 bn + Google Hamina EUR 1 bn 20 May 2024 + Microsoft Espoo 17 Mar 2022 + Posiva Onkalo. Tilaajavastuulaki + Luotettava Kumppani + STUK govern.
01. Pre-pricing — MaRaL + Rakennusalan TES + Talotekniikka
Civil scope under Rakennusalan TES / MaRaL. Building services under Talotekniikan TES. Industry sector under Metalliteollisuuden TES.
02. A1 + Luotettava Kumppani + Lähettämislaki
A1 portable document per posted worker. Tilaajavastuu.fi Luotettava Kumppani report per subcontractor onboarding. Lähettämislaki 447/2016 (1 May 2024 amendments incl. anti-retaliation) per posted worker terms.
03. AVI + STUK + Verotili onboarding
Lounais-Suomen AVI OSH inspection + posted-worker desk filing. STUK Cat A/B radiation worker classification per Olkiluoto/Posiva worker. Verotili tax account.
04. AVI + Tilaajavastuu-defensible evidence pack
Minimum pack: Finland-bank-traceable remuneration, Finnish-language contract, A1 receipt, Luotettava Kumppani report (≤3 months old), MaRaL/Talotekniikka/Rakennusalan TES reconciliation, STUK Cat A/B dosimetry record where applicable, SFS-EN ISO 9606-1 + PED Cat II-IV NB certification.
05. India and Gulf sourcing corridors — the Finland EPC pathway
Indian Larsen & Toubro Heavy Engineering + Gulf ADNOC/ARAMCO pressure-part welder pools route through Tilaajavastuulaki + Luotettava Kumppani + lähettämislaki + SFS-EN ISO 9606-1 + STUK audit-grade chain-of-custody against YIT, Skanska Finland, Bilfinger Nordics, Assemblin Caverion, or Enersense scopes.