Siemens gas turbine plant to be built in YIT’s industrial park close to St. Petersburg
1/15/2013 3:00 AM EST
YIT
Investor News
Siemens gas turbine plant to be built in YIT’s industrial park close to St.
Petersburg
Helsinki, 2013-01-15 09:00 CET (GLOBE NEWSWIRE) --
Siemens gas turbine plant to be built in YIT’s industrial park close to St.
Petersburg
YIT’s Russian subsidiary YIT St. Petersburg and OOO Siemens Gas Turbine
Technologies (SGTT) have signed an agreement under which YIT will sell a plot
in the Greenstate industrial park, south of St. Petersburg, to SGTT. Conclusion
of the agreement took place and became valid at the end of the year 2012. On
its 3.8-hectare plot, SGTT will build a world-class complex for gas turbines
manufacturing and service, first of all high-efficiency 166 MW and 292 MW gas
turbines. The planned area of the plant is approximately 25,000 square metres.
The plant will be completed by the end of 2014. OOO Siemens Gas Turbine
Technologies will employ up to 500 people.
YIT’s Greenstate industrial park is a zoned 112-hectare industrial area in the
vicinity of the St. Petersburg ring road and Tallinn motorway, south of the
city. The industrial park features fully completed infrastructure and energy,
electricity, water and IT networks for use by production plants and logistics
centres. On the Greenstate a company can develop premises to be recognised in
its own balance sheet or lease them from the final owner of the premises. The
lessors comply with Western agreement practices.
“Siemens conducted an extensive survey of the industrial park’s conditions and
decided to implement the plant investment in our industrial park based on it.
Greenstate offers high-quality and competitive conditions for modern production
activity with an excellent location. The Siemens group is a very significant
collaborative partner for us,” says Mikhail Voziyanov, General Director of YIT
St. Petersburg.
“The construction of the new plant is an important step for our company. We are
responding to Russian government’s aims to modernise the country’s energy
industry by offering our customers in Russia and the CIS modern products for
the energy industry,” says Ralf Schneider, CEO of Siemens Gas Turbine
Technologies LLC.
For further information please contact:
Mikhail Voziyanov, General Director, YIT St. Petersburg,
, tel. +7921 943 9127
Jukka-Pekka Uuskoski, Vice President, Corporate Development, International
Construction Services business segment, St. Petersburg, tel. +7 921 766 6029,
YIT is a leading European service company in building systems, construction
services and services for industry. Our 26,000 professionals serve customers in
14 countries in the Nordic and Baltic countries, Russia and Central Europe.
Over one hundred years we have grown together with our customers and developed
our services in line with the changes taking place in different societies. We
intend to continue on that track. Our vision is to lead the way in creating and
maintaining good living environments. In 2011, YIT’s revenue was approximately
EUR 4.4 billion. YIT’s shares are listed on NASDAQ OMX Helsinki.
www.yitgroup.com
ZAO YIT St. Petersburg is a YIT Group subsidiary that constructs residential
buildings under the YIT Dom service concept in St. Petersburg and the Leningrad
Oblast. Company operates also in the field of commercial real estate
development. YIT St. Petersburg has delivered more than 670,000 square meters
of apartment space and completed more than 170 projects for various purposes,
from service stations and water treatment plants to large production facilities
for heavy and light industry. www.yitspb.ru