LSR Group Acknowledged as the Leading Concrete Producer in Russia

OJSC Obyedinenie 45 (a subsidiary of LSR Group) has been acknowledged as the leading producer of ready-mix concrete in Russia, ABARUS Market Research agency reported based on its independent research. 

In 2007, the St. Petersburg and Moscow plants of OJSC Obyedinenie 45 produced around 1.6 million cub.m of ready-mix concrete and mortar, which represents 5.2% of Russia’s total output. According to ABARUS Market Research, the share of Mosinzhbeton (Moscow), the next competitor of Obyedinenie 45 is approx. 4%. The list of other major producers includes Road Maintenance and Building Department No.8 (Kaluga region), PKF StroyBeton (Korolev, Moscow region), Mospromstroy (Moscow), SpetsStroyBeton — ZhBI No.17 (Moscow), Lenstroydetal (St. Petersburg), SZNK-Beton (St. Petersburg) and Betomix LO (St. Petersburg).

According to ABARUS Market Research, a total of 30.5 million cub.m of ready-mix concrete and building mortar was produced in Russia in 2007, the growth rate being 45-47%.

Notes to editors:

OJSC Obyedinenie 45 is the largest producer and supplier of concrete mixes in Russia. The company has 4 concrete mortar plants in Moscow and 7 plants in St. Petersburg.  

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 property built after designs made by leading domestic and foreign architects.

LSR Group has operations and offices in a number of cities in the Leningrad Oblast, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany. LSR Group employs over 15,000 people.

In 2005 and 2006, the revenues of LSR Group (according to IFRS statements) were $ 463 million and $ 777 million respectively. In 2007, the revenues amounted to $ 1,403 million.

In November 2007, OJSC LSR Group implemented an IPO, and now its GDRs are listed on the London Stock Exchange, and the shares — on MICEX and RTS.

LSR Group has a B1 rating, outlook — stable assigned by Moody’s Investors Service (assigned in July 2007 and confirmed on 30 May 2008), and a B+ rating, outlook — stable assigned by Fitch Ratings (assigned on 30 May 2008).

In 2007, LSR Group was bestowed a National Award in the field of business as ‘The Company of the Year’ in the ‘Construction’ category.

For more details please contact:

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