Siemens gas turbine plant to be built in YIT's industrial park close to St. Petersburg
YIT's Russian subsidiary YIT St. Petersburg and OOO Siemens Gas Turbine Technologies (SGTT) have signed an agreement under which YIT will sell a plot in the Greenstate industrial park, south of St. Petersburg, to SGTT. Conclusion of the agreement took place and became valid at the end of the year 2012. On its 3.8-hectare plot, SGTT will build a world-class complex for gas turbines manufacturing and service, first of all high-efficiency 166 MW and 292 MW gas turbines. The planned area of the plant is approximately 25,000 square metres. The plant will be completed by the end of 2014. OOO Siemens Gas Turbine Technologies will employ up to 500 people.
YIT's Greenstate industrial park is a zoned 112-hectare industrial area in the vicinity of the St. Petersburg ring road and Tallinn motorway, south of the city. The industrial park features fully completed infrastructure and energy, electricity, water and IT networks for use by production plants and logistics centres. On the Greenstate a company can develop premises to be recognised in its own balance sheet or lease them from the final owner of the premises. The lessors comply with Western agreement practices.
"Siemens conducted an extensive survey of the industrial park's conditions and decided to implement the plant investment in our industrial park based on it. Greenstate offers high-quality and competitive conditions for modern production activity with an excellent location. The Siemens group is a very significant collaborative partner for us," says Mikhail Voziyanov, General Director of YIT St. Petersburg.
"The construction of the new plant is an important step for our company. We are responding to Russian government's aims to modernise the country's energy industry by offering our customers in Russia and the CIS modern products for the energy industry," says Ralf Schneider, CEO of Siemens Gas Turbine Technologies LLC.
For further information please contact:
Mikhail Voziyanov, General Director, YIT St. Petersburg, mikhail.voziyanov@yit.ru, tel. +7921 943 9127
Jukka-Pekka Uuskoski, Vice President, Corporate Development, International Construction Services business segment, St. Petersburg, tel. +7 921 766 6029, jukka-pekka.uuskoski@yit.ru
YIT is a leading European service company in building systems, construction services and services for industry.Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe.Over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies.We intend to continue on that track.Our vision is to lead the way in creating and maintaining good living environments.In 2011, YIT's revenue was approximately EUR 4.4 billion.YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com
ZAO YIT St. Petersburg is a YIT Group subsidiary that constructs residential buildings under the YIT Dom service concept in St. Petersburg and the Leningrad Oblast.Company operates also in the field of commercial real estate development.YIT St. Petersburg has delivered more than 670,000 square meters of apartment space and completed more than 170 projects for various purposes, from service stations and water treatment plants to large production facilities for heavy and light industry. www.yitspb.ru

News source: 4-traders.com
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