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    YIT to build Tervakoski school in Janakkala

    YIT Corporation Press release 5 May 2023 at 10:00 a.m.The municipality of Janakkala has chosen YIT to build the new school and multipurpose centre in Tervakoski. The total value of the contract is approximately EUR 17 million, and it will be entered in the order book for the second quarter of the year.   The first phase will consist of building new premises for the secondary school and upper secondary school in the Tervakoski school and multipurpose centre. The facilities will in the first phase serve approximately 280 pupils and 75 staff members. The property’s area is approximately

    YITHackathon won by Montinutra Oy with an ecological solution for the utilisation of forest industry side streams

    YIT Corporation Press release 18 November 2022 at 10:00 a.m.Montinutra's solution for dust control on gravel roads is based on the use of forest industry side streams. The raw material is wood chips, which are refined in the process. "The Hackathon concept is a great way to intensively develop ideas. Winning was partly surprising because the competition was tough. We look forward to working with YIT," says Technology Manager Pertti Tiitola from Montinutra. The goal of YITHackathon was to help us find new ecological materials that effectively bind dust particles during the surface

    YIT takes a significant step towards low-carbon construction

    YIT Corporation Press release 4 October 2022 at 9:00 a.m.YIT is taking a significant step towards low-carbon construction by starting to use Consolis Parma’s low-carbon hollow-core slabs in housing production. In the first phase, the agreement covers the production of apartment buildings by YIT’s units in the Helsinki metropolitan area and Uusimaa. The plan is to gradually expand the agreement thereafter to cover all of YIT’s residential construction operations in Finland.   “We build sustainable homes and living environments. We seek ways to reduce the climate impacts of construction,

    YIT to renovate and extend Kuopio Courthouse

    YIT Corporation Press release 21 September 2022 at 08:00 a.m.YIT and Senate Properties, the enterprise that manages the Finnish Government's properties, have signed a contract for the renovation and extension of the Kuopio Courthouse. The project started in July 2022 and is expected to be completed in early 2024. It will be implemented as a project management contract. The cost estimate for the construction is approximately EUR 13 million. The Kuopio Courthouse project involves the renovation of an old property, built in 1929, which is historically and scenically significant and has a

    YIT and Stockholm Parkering have signed a strategic partnership agreement for Hjorthagsgaraget

    YIT Corporation Press release 9 September 2022 at 10:30 a.m.Stockholm Parkering has selected YIT as its strategic partner for the construction of the Hjorthagsgaraget parking facility in Norra Djurgårdsstaden, Stockholm. The project will start with a development phase to verify the condition of the underground facilities and to carry out design and calculation work. After the development phase there is a possibility to move to the implementation phase, which will include the excavation of Hjorthagsgaraget. The contract also includes an option for three additional underground projects.

    The City of Helsinki has selected YIT as the developer of the Kamppi Health and Well-being Centre

    YIT Corporation Investor News 1 July 2022 at 6:30 p.m.The City of Helsinki has selected YIT as the developer of the Kamppi Health and Well-being Centre. The project will start with a development phase and will be implemented as a cooperative project management contract. The estimated total value of the construction project is EUR 77 million, which may be revised as the development phase progresses. The development phase project will be included in the order book during the third quarter of 2022 after the two week long appeal period. The project encompasses approximately 18,000 gross square

    YIT and ACCIONA to become alliance partners together with Helen in seawater heat recovery project

    YIT Corporation Investor news 29.6.2022 at 1:00 p.m.Helen has selected YIT and ACCIONA, as alliance partners for a tunnel system in a seawater heat recovery project in Salmisaari, Helsinki. The cost estimate for the construction of the tunnel system is approximately EUR 400 million, of which YIT's share is for about half. The work will start with a two-year development phase, for which a contract will be signed, and the project will be included in the order book during the third quarter of 2022. The implementation phase of the contract will be added in the order book once the implementation

    YIT, HGR and Ilmarinen have established a joint venture regarding real estate development activities in Keilaniemi

    YIT Corporation Investor news 28 June 2022 at 11:45 a.m.YIT, HGR Property Partners ja Ilmarinen Mutual Pension Insurance Company have established a joint venture called Keilaniemen Kiinteistökehitys Strike Ky (later Strike) for the development of significant real estate projects in Keilaniemi. The development projects of Regenero, which is HGR’s and YIT’s joint venture, as well as part of Ilmarinen’s development projects in Keilaniemi have been transferred to the new joint venture. “The joint venture supports the execution of YIT’s new strategy. In addition to our investment, YIT will

    YIT Live Bee Cam offers a glimpse of the life in a beehive

    YIT Corporation News May 19, 2022 at 07:30YIT offers you the opportunity to follow the buzz in a beehive from May to August in summer 2022. Beehives have been brought in to a road maintenance site to pollinate nearby plants, and a camera placed at the entrance to the hive captures the bees as they enter and leave the hive.  “We have brought in beehives from a local beekeeper and placed them on top of a hill so that the bees’ flight path is high enough and the bees won’t hit cars driving on the road. Maintaining the beehives will also be safe at the chosen location,” says Teemu Lavikka,

    Communication in construction projects makes everyday life easier for people living nearby

    YIT Corporation Press release 10 February 2021 at 08:00 a.m.When a city is being redeveloped to be even better, it is usually necessary to touch on existing structures as well. For city dwellers living near a construction site, this can be seen as disruptions in everyday life: temporary traffic arrangements, extra noise and vibrations, sometimes also power or water outages. Construction projects invest in communications and discussion with people living, moving and working in the area to minimise disruption to everyday life. YIT's large projects have their own communication teams with

    YIT starts construction of part 2B of the Tampere Tram as part of the Tramway Alliance

    YIT Corporation Investor news 23 December 2021 at 09:00 a.m.YIT, as a party to the Tramway Alliance, starts the implementation of the Tampere Tram from Santalahti to Lentävänniemi. On 16 December 2021, the Supreme Administrative Court ruled on the appeal against the filling permit for Näsinsaari and work can start without delay once the related preparations have been completed; estimated to be in February 2022. Näsinsaari will be built on Lake Näsijärvi and connected to the land by bridges. A channel will be built between the island and the shore. The Tampere tramway phase two will be

    An open minded and solution-seeking construction professional will thrive in alliance model built projects

    YIT Corporation News 8 December 2021 at 08:00 a.m.Reliable, cooperative, experimental, challenger and explorative. People working in an alliance are described in many ways, but do alliance projects need different characteristics than construction projects in general?  As with other project models, alliance projects need strong professionals with the necessary competence for the task. No two alliance experts are cut from the same cloth. "You hear people classified as alliance people and non-alliance people. Alliance construction is still quite similar to other implementations," Anne

    A city develops continuously

    Construction projects evoke emotional responses. In the case of many projects, people’s desire to exercise influence only emerges when construction has already started, and that is too late. Construction is preceded by years of planning, during which it is easier to engage in urban democracy. Urban Design Manager, Architect Linda Wiksten from YIT underscores the fact that construction decisions are big decisions with a long-term impact. This is why the projects and their planning take a long time. The implementation of construction projects involves a great deal of planning, studies,

    YIT and AFRY to build the world’s biggest seasonal heat storage for Vantaa Energy using the alliance model

    Vantaa Energy has chosen YIT and the design and consulting company AFRY Finland Oy as its partners to develop and build a seasonal heat storage in Vantaa using the alliance model. The value of the contract is approximately EUR 75 million, of which the share of the development stage is approximately EUR 1.6 million. The development phase agreement will be added in the order book for the third quarter of 2021 and the implementation phase of the contract will be added in the order book once the implementation phase alliance contract (TAS) is signed in autumn 2022. The project development phase

    YIT has taken the responsible infrastructure construction rating system CEEQUAL in use

    YIT pilots CEEQUAL, an international rating system for sustainable development in infrastructure projects. For example, the Sockenplan metro project in Stockholm and The Crown Bridges alliance in Helsinki have applied for CEEQUAL certification. Customer demands for sustainability and responsibility are growing in the construction industry. One way to increase the weight of sustainability in construction projects is through various certificates and rating systems issued by neutral and unbiased third parties, which increase the transparency of responsibility measures. In the infrastructure

    YIT is carrying out earthworks for the expansion of Northvolt's facility in Sweden

    YIT and Northvolt Ab have signed an agreement regarding earthworks in Northvolt's facility in Sweden. The value of the contract is approximately EUR 39 million, and it will be booked in the order book of the second quarter of the year.  For further information, please contact:  Lars Stendius, Senior Vice President, Infrastructure, Sweden, tel. + 46 703 951 040, lars.stendius@yit.se Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi  YIT CORPORATION   Tommi Järvenpää Vice President, Investor Relations

    YIT has won numerous road maintenance contracts for 2021-2026

    YIT has won four state road maintenance contracts for 2021-2026. The contracts cover Veteli, Lappeenranta, Raahe-Ylivieska and Karstula areas. The total value of the contracts is approximately EUR 57 million, and they will be booked in the order book of the second quarter of the year. The contracts will commence on October 1, 2020 and will last for five years. YIT manages public and private road and street networks in ELY centers, cities and municipalities. A collaborative project model is used for road maintenance contracts. YIT also carries out street and road construction as well as

    YIT to sell its paving and mineral aggregates businesses in Estonia

    YIT and KMG Inseneriehituse AS have signed an agreement for the sale of YIT’s paving and mineral aggregates businesses in Estonia. The transaction is expected to be completed in the second quarter 2021, and YIT expects to record a positive cash flow effect of approximately EUR 8 million from the sale in its second quarter results. The sale won’t have material impact on YIT’s operating profit. From the first quarter 2021 onwards, operating profit from the businesses to be sold, as well as the result impact from the sale, will be recorded in adjusting items and will not be presented in

    YIT to build a school and daycare centre complex in Vihti using the life-cycle model

    YIT has signed a contract on building a school and daycare centre complex in south Nummela, Vihti. The premises will include facilities for ten daycare groups and a three-class primary school. The complex will also include facilities for Swedish-language early childhood education and care and a Swedish-language school. The extent of the school and daycare centre complex will be about 8,600 m2 and the value of the contract for YIT will amount to about EUR 37 million and will be entered in the order book in the third quarter of the year. The project will be executed with the life-cycle

    Alliance model does not work without trust

    In an alliance, trust between the parties is what makes the project organisation work. Trust is built through openness and interaction.  An alliance is a project model based on transparent cooperation. The project organisation formed by the parties is mutually responsible for the planning and construction of the project. The risks and benefits are also shared, which means that everyone wins or loses. Alliances are mainly used in challenging projects involving many uncertainties and stakeholders, such as industrial projects (Naantali CHP), hospital projects (Lapland Central Hospital

    YIT to build a new wastewater treatment plant in Sweden

    YIT is building a new wastewater treatment plant in Funäsdalen, Northern Sweden. It is a part of a bigger wastewater system reconstructing project in the Municipality of Härjedalen that includes four new wastewater treatment plants, plus transmission lines to to Funäsdalen from Ramundberget, Bruksvallarna and Tänndalen. The cost of the whole entity is approximately 40 MEUR.  The value of YIT’s projects is over 12 million and it will be entered in order book for the first quarter of the year.  The project is due to start in May 2021 and according to the schedule, it will be completed in

    How to give feedback as a road user

    Road users give a lot of valuable feedback on road maintenance all year round. In some cases, feedback can even prevent accidents. However, if the feedback is given through the wrong channel, it may take a long time for it to reach its destination. To whom should road users send their feedback?  In cities, responsibility for the road network can be divided between several contractors. In smaller population centres, different contractors can be responsible for the road and for the roadside. In the case of some roads, feedback is given directly to the contractors and in others, to the

    YIT to sell Finland’s largest wind power project to OX2

    YIT is selling the building rights of the wind power project it has developed in the municipality of Lestijärvi, Finland to OX2. The project consists of 72 wind turbine construction locations with the required permits, enabling a total capacity of approximately 400 MW, and the construction of a new 400-kV transmission line  from Lestijärvi to Alajärvi. The transaction is expected to be closed latest in 2022 once certain terms and conditions of the contract are met. The transaction is expected to have an effect of approximately EUR 40 million on YIT’s adjusted operating profit. The

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