Peikko Group to purchase factory premises in St. Petersburg, Russia

Peikko Group has signed an agreement to purchase factory premises in St. Petersburg, Russia. The buildings will be jointly purchased with Meka Pro Oy, also a company of Finnish origin. The premises comprise a total of 25.000 m2 of manufacturing and office space. The up-to-date manufacturing premises are located in the northern part of St. Petersburg, in the area of Parnas. The seller of the real estate is SSAB’s Russian subsidiary. Peikko intends to use some 7.000 m2 of these premises for its own operations.

The closing of the real estate transaction is expected to take place during Q2/2017. Peikko intends to start installation of new machinery and transfer of its existing machinery and operations from its current, small St. Petersburg unit during Q3/2017.

”Peikko has been present in Russia with its own team since 2006. Now is the right time to update our premises to suit future needs. We see a lot of market potential with localized manufacturing within the Russia-Belarus-Kazakhstan customs union. The new premises, with 5.000 m2 more space than in our current, small production unit, will increase safety and boost efficiency. When in the new premises, Peikko Russia’s concrete connections manufacturing will significantly increase. The intention is later on also to start the manufacturing of DELTABEAM® Slim Floor Structures in St. Petersburg”, states Topi Paananen, CEO of Peikko Group Corporation.

 

Further information:
Topi Paananen, CEO, Peikko Group Corporation,
mobile: +358 50 384 3001, email: topi.paananen@peikko.com      

Matvey Pirozhenko, Managing Director, OOO Peikko
mobile: +7 921 941 2575, email: matvey.pirozhenko@peikko.com  

Distribution:
Main media, Peikko websites

Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make customers’ building processes faster, easier, and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s invoicing in 2016 was EUR 173 million. Peikko is a family-owned and run company that employs over 1400 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com

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