YIT to build a bicycle factory for Pon.Bike in Lithuania

YIT Corporation Investor news 18 November 2022 at 9:00 a.m.

YIT and Pon.Bike Lithuania UAB have signed a contract for the detailed design and construction of a new A++ energy class bicycle factory in Kėdainiai Free Economic Zone (FEZ) in Lithuania. The parties have agreed that the total value of the contract will not be published.

The construction work will start in the end of 2022 and is expected to be completed by the end of the first quarter of 2024. The total building area is almost 40,000 square metres, including 22,000 square metres of production area and 15,000 square metres of warehouse area, with useful heights of up to 13 meters. The building also includes a three-storey office part of approx. 3,400 square metres. An international BREEAM excellent environmental certification will be sought for the building.

The new premises include assembly workshop, paint shop, warehouse and administrative facilities enabling a production capacity of 450,000 bikes per year. Parking spaces for 435 cars and charging stations for electric bicycles and electric cars are planned to be built. Furthermore, 10,000 square metres of solar panels will be installed on its roof. Installation of bird and bat nests and insect hotels on the trees and roof of the building will help preserve biodiversity of the area.

Further information:
Samu Heikkilä, Investor Relations Manager, YIT, tel. +358 44 581 7979, samu.heikkila@yit.fi
Tom Ekman, EVP, Business Premises segment, YIT, media inquiries through Group Communications, tel. +358 44 743 7536, press@yit.fi

YIT Corporation

Tuomas Mäkipeska
CFO

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com/en/

YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com/en/

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