YIT SIGNED A LETTER OF INTENT ON DEVELOPING THE ENERGY EFFICIENCY OF CHINESE INDUSTRY

YIT SIGNED A LETTER OF INTENT ON DEVELOPING THE ENERGY EFFICIENCY OF CHINESE     INDUSTRY                                                                        

 YIT Industrial and Network Services Ltd and China Development Bank Corporation   have signed a letter of intent whose aim is to improve the energy efficiency of  the Chinese process industry with the help of a new cooperation model.          

In the letter of intent the role of China Development Bank is to find potential  production plants at which YIT will be able to plan and realise efficiency       projects that will reduce the energy consumption and greenhouse gas emissions of processes. China Development Bank is a possible investor in the future           efficiency projects.                                                            

”This is a great opportunity for us. China Development Bank has a very strong    role in as well as customer knowledge of China's industry. I believe that we     will find a cooperation model which helps us to utilise our top expertise in a   new market area and to offer solutions for the needs of Chinese industrial       customers,” says President Erkki Huusko from YIT Industrial and Network Services Ltd.                                                                            

China Development Bank has In different countries looked for companies which are specialised in energy and environmental technology and which could help to       achieve China's climate goals.                                                   “The fact that YIT has been selected as the only partner from Finland is a       really remarkable show of confidence in our expertise,” says Erkki Huusko.      

In Finland YIT is a market leader in industrial energy consumption efficiency    services.                                                                       

Remarkable savings potential in China's industry                                

China's aim is to decrease greenhouse gases by 40% by the year 2020.             ”In industry the greatest savings potential is in energy-intensive industries    such as the forest, steel and chemical industries. The condition and efficiency  of China's process industry sometimes varies remarkably. Some of the plants are  very modern, but a great deal of production capacity is decades old,” says       Project Director Eero Siitonen from YIT.                                        

There are approximately 8,000 paper mills and 300 steel mills in China.         

 For additional information, please contact:                                      Erkki Huusko, President, YIT Industrial and Network Services, tel. +358 400      681 196 or Eero Siitonen, Project Director, tel. +358 400 423 504               

 YIT CORPORATION                                                                 

 Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 

 Distribution: principal media, www.yitgroup.com                                 

YIT is a leading European service company in building systems, construction      services and services for industry. We build, develop and maintain quality       living environments in the Nordic countries, Russia, the Baltic countries and    Central Europe. In 2008, YIT's turnover was EUR 3.9 billion. The group employs   some 25,000 people. www.yitgroup.com                                            

YIT offers design, capital investment and maintenance services for industrial    production processes as well as equipment and properties. In Finland YIT is a    market leader in energy efficiency services for industry and real estates.