YIT has signed a lease agreement on production premises in Lithuania with German company Rehau

YIT and German plastic product manufacturer Rehau have signed a 20-year lease agreement on production premises to be constructed in the port city Klaipėda in Lithuania. As a result of this agreement, YIT will launch the construction of the 19,000 m2 premises for Rehau. Rehau will start production in the premises at the beginning of 2022.

“Our ability to construct production facilities that meet the needs of the customer has made the signing of this long-term lease agreement possible. This is an excellent indication of YIT Lithuania’s market position as an acknowledged and reliable contractor for challenging projects”, says Peter Forssell, Senior Vice President, Business Premises CEE, YIT. 

Rehau Group, which has manufactured plastic products for the industry for more than 70 years, has 170 business locations and approximately 20,000 employees around the world.

For further information, please contact:

Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 (0)40 574 3170, heidi.kauppinen@yit.fi

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and living environments. We operate in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. In 2019, our revenue was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com