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DSK Blok Signs ?1.3 Million Contract for Equipment Supply

21 March 2008

House Building Company Blok (a company of LSR Group) is to invest EUR1.3 million in a moulding plant for constructing prefabricated reinforced concrete houses.

The equipment supply contract signed with Eaglefinn OY, a European moulding equipment manufacturer, provides for the supply of a line for vertical moulding of volume components.

Eaglefinn OY owns an exclusive technology for manufacturing reinforced concrete parts of volume elevator shafts. The special feature of the technology is the absence of an access slope for volume moulding of reinforced concrete products.

The technology previously never used by Russian manufacturers will provide for a new approach to the manufacture of volume components and help to achieve certain unification of the products and increase their output while reducing labour costs and improving product quality.

The manufacturing process will be largely automated and based on the conveyor line principle with a high-tech control system.

An important element of the contract preparation phase was the testing and expert examination of the materials used by DSK Blok for commercial production as well as their possible use when applying the new technology.

Volume components such as elevator shafts are subject to increased requirements in terms of their safety and reliability. The unification of production will give rise to a product that can be used for different design options of house sections. The new moulding equipment will turn out elevator shafts of two basic sizes that can be used under relevant GOSTs (Russian State Standards). 

The first shipment of equipment is scheduled for late July. The equipment will be installed by DSK Blok’s own employees under the guidance of manufacturer’s specialists. In accordance with the contract Finnish specialists will also train Blok’s personnel.

DSK Block is planning to commission the new equipment before the end of 2008.

For reference:

ZAO House Building Company Blok. The company founded in 1992 forms part of LSR Group. One of the St. Petersburg panel construction market leaders in the manufacture and construction of prefabricated reinforced concrete houses. DSK Blok is the only company in the panel construction market of St. Petersburg using the seamless faзade fit-out technology. In 2007, DSK Blok received the status of “Leader of Russian Economy 2006.”

OJSC LSR Group is a diversified construction company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction – from mass market large-panel housing to elite residential property built after designs made by leading domestic and foreign architects.

LSR Group has enterprises and offices in St. Petersburg, Moscow, a number of cities in the Leningrad Oblast, in Lithuania, Latvia, Estonia, Ukraine and Germany.

LSR Group employs nearly 15,000 people. In 2005 and 2006, the revenues of LSR Group were RUB 13,085.5 mln and RUB 21,110.8 mln respectively. For the six months of 2007 the Group’s revenues amounted to RUB 16,062.0 mln compared to RUB 9,336.4 mln for the same period last year.

In July 2007, Moody’s Investors Service assigned a B1 rating to LSR Group; outlook – stable. In November 2007, LSR Group implemented an IPO. In December 2007, LSR Group was awarded a National Business Award as the Company of the Year in the ‘Construction’ category.

Eaglefinn OY is a major manufacturer of elevator shaft production lines in Europe. It was established through the acquisition of Specifinn OY reinforced concrete company, its reinforced concrete production line and brand by Parma OY in 2007. Specifinn OY founded in 1994 was the leading inner wall panel manufacturer in Finland holding a patent for the use of elevator shaft production technology.

For more details please contact:

ZAO House Building Company Blok
Ekaterina Yemelyanenko
Lead PR Specialist
+ 7 (812) 598-5203; + 7 (812) 936-5356
press@dskblock.lsrgroup.ru
www.dskblock.ru

Press Service, LSR Group
+7 (812) 314-1044
press@lsrgroup.ru
www.lsrgroup.ru

«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.



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