YIT to build technical maintenance buildings for Lithuania’s Klaipeda port

 

YIT will build technical maintenance buildings for the Klaipeda port terminal in western Lithuania. The project is part of the contract signed by a consortium between Lemminkäinen and YIT for the renewal of the cargo terminal at Klaipeda Port. The project will begin in March 2013 and is scheduled for completion in August 2014.

Lemminkäinen is the consortium’s main contractor and is responsible for civil engineering, electrical work and paving. YIT Group’s Lithuanian subsidiary YIT Kausta is responsible for YIT’s role in the consortium.  The total value of the project is EUR 28 million, of which YIT’s share represents slightly over EUR 6 million.

“This is a significant project for us, as it strengthens our market position in contracting operations in the Klaipeda region, where our focus has thus far been on residential construction. We are pleased to be involved in the development of a key Lithuanian port terminal, joining forces with another strong player in the field,” says YIT Kausta Managing Director Kestutis Vanagas.

For further information, please contact:
Tom Sandvik, Head of Baltic countries and Central Eastern Europe division, International Construction Services, YIT, tel. +358 400 617 807, tom.sandvik@yit.fi
Kestutis Vanagas, Managing Director, YIT Kausta, tel. +370 37 452 348, kestutis.vanagas@yit.lt

 

YIT is an established European service company in building systems and construction as well as in industrial sectors. More than 25,000 of our professionals serve clients in 14 countries in the Nordic countries, Central Europe, Russia and the Baltic countries. We have grown over the last hundred years with our clients and developed our services as the communities surrounding us have changed. We intend to continue following the same path. Our vision is to be the pioneer in creating and sustaining a healthy living environment. YIT’s net sales amounted approximately to EUR 4.7 billion in 2012. YIT's share is listed on Nasdaq OMX Helsinki. www.yitgroup.com

YIT Kausta is one of the largest construction and real estate development companies in Lithuania. It manages construction, reconstruction and renovation works of different types of business premises. YIT also operates in residential markets, assuming responsibility from the development of projects to the sale of the apartments. The company has extensive experience in the construction of administrative, public, trade, industrial and environmental buildings as well as residential houses. Kausta has operated in Lithuania since 1966 and as part of YIT since 1999.

 

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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