YIT and Outokumpu to continue cooperation in Tornio plant property maintenance in Finland

Investor News                     November 12, 2012 at 10:00 a.m.

YIT and Outokumpu to continue cooperation in Tornio plant property maintenance in Finland

YIT and Outokumpu have signed an agreement on property maintenance at the Tornio plant. Under the agreement, YIT will be responsible for the comprehensive technical property maintenance and maintenance services of the Tornio plant as well as improving the property's energy efficiency for a new three-year period.

The new agreement is an extension of the service agreement concluded in 2010. The total floor area of the property maintained by YIT is over 520,000 square metres. The agreement covers all building systems, technical building maintenance, 24/7 on-call duty and property control room services. Planned maintenance covers 1,200 equipment assemblies in all.

“We are very pleased that we reached an agreement with YIT on the maintenance of our properties. During the last three years, we have been able to improve the cost-efficiency of the maintenance of our properties and bring the maintenance up to the level of modern requirements. The key factors in our decision to continue the cooperation with YIT were our aim to improve cost efficiency further and the special aim specified for the new agreement period to improve the energy efficiency of our properties. We believe that YIT will be able to reach these targets in the future as well,” says Martti Sassi, SVP, General Stainless Mill Operations at Outokumpu’s Tornio site.

”In our cooperation, we want to introduce property maintenance solutions that will benefit Outokumpu and help to achieve more efficient use of energy and cost savings. Need-based planned maintenance and influencing the energy consumption of building systems are key tools in aiming for more cost-efficient property maintenance,” says Martti Kaikkonen, Area Director at YIT.

For further information, please contact:

Martti Kaikkonen, Area Director, YIT Building Services Finland, tel. +358 400 319 812, martti.kaikkonen@yit.fi

YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, 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. 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