Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective
Back
- Stock Exchange Release
- 22.12.2006 10:30 CET
YIT TO BUILD ATRIA'S NEW PRODUCTION PLANT IN ST PETERSBURG
PRESS RELEASE DEC. 22, 2006 at 11:30
YIT TO BUILD ATRIA'S NEW PRODUCTION PLANT IN ST PETERSBURG
YIT's and Atria's St Petersburg-based subsidiaries OOO Atria Group and ZAO YIT Lentek have signed an agreement whereby YIT will build a new meat products plant and logistics centre for Atria. The facilities will be located on a plot owned by YIT in Gorelovo, close to Pulkovo Airport, the international airport serving St Petersburg. The total value of the project is about EUR 53 million, including the plots that will be transferred to Atria.
The construction of the production plant will begin immediately. Its inauguration is scheduled for late 2008.
YIT owns an area of 96.5 hectares in Gorelovo, 19 km from the centre of St Petersburg. Over the next few years, industrial and logistics facilities will be built on this area as property development projects.
For additional information, contact: Peter Forssell, Real estate development director, ZAO YIT Lentek, +358 40 532 2273, peter.forssell@yit.fi Timo Lehmus, Head of international operations, YIT Construction Ltd, tel. +358 400 409 181, timo.lehmus@yit.fi
YIT CORPORATION
Veikko Myllyperkiö Vice President, Corporate Communications
Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com
YIT is a Nordic service company catering to the property and construction sectors as well as industry and telecommunications in the Nordic and Baltic countries and Russia. ZAO YIT Lentek is YIT Construction Ltd's subsidiary in St Petersburg. It implements self-financed housing and non-residential project development efforts as well as contracting projects, and has about 800 employees.