Портал закупок Subscriprion
Choose apartment

Media center

The LSR Group has reached Ukraine and Lithuania

17 May 2007

The LSR Group sub-holding Aeroc International, an aerated concrete producer, has started implementation of two aerated concrete projects — one in Ukraine and one in Lithuania. The total amount of investments is Euro 57 million, accumulated capacities of the two plants is 800 thousand mі. This way, Aeroc will satisfy the concrete hunger experienced by Ukrainian, Lithuanian, Kaliningrad, and Latvian builders. The LSR Group makes these outreaches of the new markets under its strategy of geographic expansion, accepted by the holding CEOs in 2006.

Ukraine. Euro 30 million is the amount of internal and borrowed assets which Aeroc International will invest in Ukraine into construction and technical provision of the new aerated concrete plant in Berezan, Kyiv province. This is the first enterprise in Ukraine belonging to Aeroc International and the LSR Group as a whole. Its annual capacity is 400 thousand cubic meters of aerated concrete AEROC. The enterprise industrial commission is scheduled for mid year 2008.

«In the course of a year our analysts had been studying the situation in the construction market of Ukraine, and they came to a conclusion that we have good perspectives in the region,» — George Vedernikov, Managing Director of the LSR Group, said. «Right now, up to 1 million of housing is commissioned in Kyiv annually, the prices comparable to the ones in Moscow and St. Petersburg — up to $2000 per sq. meter in the economy-class segment. That said, only comparatively small aerated concrete enterprises operate on the Ukrainian market, accumulated capacities of which are about 600 thousand cubic meters per year. In the result of this, this material is supplied to Ukraine from Belarus and Poland, and also from Turkey. Though we can claim today that the aerated concrete market has not been formatted in Ukraine, there is demand with no serious offer, we estimate the absorption of only Kyiv and region's market in about the same amount of 600 thousand cubic meters per year.»

For construction of the new enterprise in Ukraine, Aeroc International has acquired assets of a local house building industrial complex Berezanskiy PPDO, which had been out of business for 10 years and was bankrupt. A new aerated concrete enterprise is under construction in its production grounds with utilization of the already existing infrastructure. An acknowledged German firm HESS AAC-Systems will supply equipment for the new AEROC enterprise. The personnel are planned in the amount of 180 people and its hiring has already started. Dmitriy Latyshev is in charge of the construction on the spot; previously, he had worked as Deputy Chief Engineer of the RCP (reinforced concrete production) Plant-6 of OAO PO Barricada in St. Petersburg.

Lithuania. To implement the construction project of a new aerated concrete plant in Lithuania, Aeroc International is currently completing acquisition of a new ground with ready-to-use industrial infrastructure for construction of a new plant in the central part of the country. A new AEROC enterprise with 400 thousand cubic meters capacity is planned to be built there starting with «zero» level. The company is investing Euro 27 million, both of own and borrowed assets. The equipment will be supplied by the same German company HESS AAC-Systems. Industrial commission is scheduled for the end of 2008 — first quarter 2009. «The new enterprise in Lithuania will not only allow us to support local builders, but also provide supplies to Kaliningrad region and Latvia, where we currently supply aerated concrete from the Latvian and Estonian AEROC enterprises,» — Ivar Paplavskis, President of Aeroc International, said.

Both new enterprises belong to the aerated concrete sub-holding of the LSR Group — Aeroc International AS, which this way binds 5 production units at the same time: two enterprises under construction in Lithuania and in Ukraine, and also three already operating on full capacity enterprises, i.e. OOO Aerok St. Petersburg in Russia, Aeroc AS in Estonia, and Aeroc SIA in Latvia. Besides this, Aeroc has already started to look for a new ground and project design for aerated concrete production in Moscow region.

Aeroc International is a sub-holding of the LSR Group, the leading producer of autoclave aerated concrete in the Northwest part of Europe. Aeroc International currently has 5 industrial units: two enterprises under construction in Lithuania and Ukraine, and three enterprises fully operating in St. Petersburg, Estonia, and Latvia. The St. Petersburg enterprise is the largest producer of aerated concrete in Russia. Consolidated turnover of Aeroc International in 2007 will make about RR 1 billion. The strategic goal of the enterprise is solidification of its position of the aerated concrete market leader in the region covering • Russia and Ukraine • Scandinavian and Baltic countries • other NIS countries in perspective. After the start-up of the enterprises in Ukraine and Lithuania, the accumulated annual output of Aeroc International will exceed 1.5 million cubic meters of AEROC aerated concrete per year.

«LSR Group» discloses information on the page on the Internet of LLC Interfax-TsRKI — the news agency accredited by the Central Bank of the Russian Federation to disclosure of information.
Information is available here.



© 2013-2021 LSR Group. All rights reserved.
Warning request

В вашей версии Internet Explorer работа данного сайта не поддерживается.
Обновите Internet Explorer до последней версии.


© 2007-2019 LSR Group
x

News subscribe

Комменты отключены в стилях
*


*

















*


*

















* required fields
x
Комменты отключены в стилях
*


*

















x

DISCLAIMER – IMPORTANT

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES, OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.


The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful. Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.

The materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, the materials are being made available only to, and are directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49(2)(a)-(d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Other persons should not rely or act upon the materials or any of their contents.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.

Confirmation of understanding and acceptance of disclaimer

I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other territory where to do so would breach applicable local law or regulation.

I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

 
 
x

ACCESS LIMITATION

We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.

 
 
x

IMPORTANT INFORMATION

You have indicated that you are located in the United States. These materials are not intended for, directed at or accessible by persons located in the United States. However, persons located in the United States that make the below certifications can access these materials. Please read the certifications below carefully and provide the information requested in order to access these materials. If you cannot make the below certifications, please exit this page.

Certifications

“We are a “qualified institutional buyer” (a "QIB") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Further, if we are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a QIB, (b) we have investment discretion with respect to each account, and (c) we have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account.”

“We acknowledge that the materials relate to a transaction that is not subject to, or is only available in the United States pursuant to an exemption from, the registration requirements of the Securities Act.”

By clicking “I AGREE” below, you are certifying that the certifications and information provided are accurate and that you would like to access the materials. You agree that the materials you access are for your own use and will not be distributed to any person outside of your organisation.