December 23, 2006
YIT to build Atria´s new production plant in St Petersburg
YIT's and Atria's St Petersburg-based subsidiaries OOO Atria Group and ZAO YIT Lentek have signed an agreement whereby YIT will build a new meat products plant and logistics centre for Atria. The facilities will be located on a plot owned by YIT in Gorelovo, close to Pulkovo Airport, the international airport serving St Petersburg. The total value of the project is about EUR 53 million, including the plots that will be transferred to Atria.
The construction of the production plant will begin immediately. Its inauguration is scheduled for late 2008.
YIT owns an area of 96.5 hectares in Gorelovo, 19 km from the centre of St Petersburg. Over the next few years, industrial and logistics facilities will be built on this area as property development projects.
YIT is a Nordic service company catering to the property and construction sectors as well as industry and telecommunications in the Nordic and Baltic countries and Russia. ZAO YIT Lentek is YIT Construction Ltd's subsidiary in St Petersburg. It implements self-financed housing and non-residential project development efforts as well as contracting projects, and has about 800 employees.
YIT is a versatile service company that offers technical infrastructure investment and upkeep services for the property and construction sector, industry and telecommunications. In all sectors of operations, the Groups services cover the entire life cycle of projects. YITs main market areas are the Nordic countries, the Baltic States and Russia. The group has over 21,000 employees in eight countries. YIT's share is listed on the Main List of Helsinki Exchanges under the Industrials heading. www.yit.fi
Peter Forssell, Real estate development director, ZAO YIT Lentek, +358 40 532 2273, firstname.lastname@example.org
Timo Lehmus, Head of international operations, YIT Construction Ltd, tel. +358 400 409 181, email@example.com
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