Eastern European Markets

September the 13th, 2011

EUR 5.9 million steel structure contract for Ruukki in Lithuania

Rautaruukki has signed a contract with Panevezio Statybos Trestas, one of the biggest construction companies in Lithuania, to manufacture and install the steel structures for Akmenes Cementas' new cement factory. The contract is worth approximately EUR 6 million.

Ruukki will deliver 4,100 tonnes of steel structures for a total of 16 different buildings at the factory site. Installation work will begin in October 2011 and the new factory is scheduled for completion in the summer of 2012. The steel structures will be manufactured at Ruukki's plants in Gargzdai, in Lithuania and in Bolintin Deal, Romania. Ruukki acquired the Lithuanian steel structure company Gensina in late 2008 to strengthen its delivery capacity and coverage in the Baltics and CEE region.

"This is a highly demanding project as the deliveries of 16 different buildings to the construction site calls for precise delivery accuracy. We can offer even more accurate delivery times as we have our local steel frame production unit in Gargzdai. In addition, Ruukki supports deliveries with our steel structure manufacturing capacity in Bolintin Deal, Romania", says Unit Manager Arturas Barysas at Ruukki.

"This is a large project and a very important one for the Lithuanian economy. We have earlier worked together with Ruukki on various projects and have been impressed by the company's know-how, international experience and willingness to find solutions in demanding projects," says Dalius Gecevicius, Managing Director of Panevezio Statybos Trestas.

Construction company Panevezio Statybos Trestas is one of the biggest construction companies in Lithuania. Akmenes Cementas is one of the largest companies in the Baltic region and the only company in Lithuania to make cement. Both companies are publicly quoted.

Further information:
Sami Eronen, SVP, Building Projects, Ruukki Construction, tel. +358 40 557 8839

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