OJSC PO Barrikada Honoured with the Title of ‘Elite Construction Complex of Russia’

OJSC PO Barrikada has been honoured with the title of ‘Elite Construction Complex of Russia’ at the 12th All-Russian Contest of construction companies, building materials and construction industry entities.

2008 was marked with the culmination of Barrikada’s active participation in the contest for the past five years. For several years running Barrikada was repeatedly acknowledged as ‘Leading Construction Complex of Russia’ but this year it obtained a new, higher title, ‘Elite Construction Complex of Russia.’

The contest results were traditionally summed up on the eve of Builder’s Day at the joint meeting of the Board of the Federal Agency for Construction, Housing and Utilities, Builders Union of Russia and the branch trade union.

The contest aims at identifying the best performing entities and companies of the construction sector and design offices  operating in a new economic environment as well as encouraging the promotion and dissemination of the best practices in construction, design work and manufacture of building materials.

The contest is actively supported by the authorities of Russian regions and the territorial Builders Unions. It is organized by:
• Federal Agency for Construction, Housing and Utilities (RF State Committee for Construction and the Housing and Utilities Complex)
• Builders Union of Russia and the Trade Union of Construction and Building Materials Workers of the Russian Federation.

The criteria developed by the Contest Committee provide for objective selection of nominees.
For summing up the results of construction companies and building materials manufacturers the following performance indicators are assessed:
• implementation of the investment/production programme
• financial and economic results
• social activities and labour safety
• scientific and technological level of production
• quality of construction and installation work/products made
• licensing process.
The title awarded to OJSC PO Barrikada proves that the company is one of the best companies in Russia by all of the above indicators.
In addition, the contest takes into consideration the activities of the management of companies/entities aimed at improving the work environment of disabled workers employed by the companies.
All winners receive awards and the companies are included in the list of the best 150 construction companies and 100 building materials and construction industry entities, the leaders of Russia’s construction complex.
In 2008, the organizers are planning to publish an Encyclopaedia listing the contest winners.   

For more details please contact:
Tatiana Latanskaya, Lead Specialist – Advertising and Public Relations
OJSC PO Barrikada
Tel.: +7 (812) 332 12-85, email: latanskayatv@barrikada.lsrgroup.ru

Notes to Editors:

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 US$ 463 million and US$ 777 million respectively. In 2007, the revenues amounted to US$ 1,403 million.
LSR Group has a B1 rating  from Moody’s Investors Service (outlook – Stable) assigned in July 2007 and confirmed on 30 May 2008 and a B+ rating by Fitch Ratings (outlook – Stable) assigned on 30 May 2008. The Group’s shares are listed on MICEX and RTS and on the London Stock Exchange in the form of GDRs since its IPO in November 2007. 
In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.

OJSC Production Association Barrikada specialises in the manufacture of prefabricated reinforced concrete products. The company was founded in 1907. Today it has 6 production sites including 4 sites in St. Petersburg, I site in the Leningrad region, and 1 site in Moscow. Its product mix includes 4,000 items. Barrikada’s reinforced concrete products are used to construct residential and industrial buildings, commercial properties (shopping and leisure centres, hypermarkets, warehouse terminals etc.), build and maintain roads, construct engineering networks and facilities.
In addition to St. Petersburg and the Leningrad region, Barrikada’s products are supplied to Pskov, Novgorod, Rostov-on-the-Don, Archangelsk, Murmansk, Extreme North areas and a number of other Russian regions. The company cooperates with major construction companies in St. Petersburg and the Leningrad region such as ZAO Etalon-LenSpetsSMU, ZAO Stroitelny Trest, ZAO  Stroitelny Trest No.28, ZAO Statika Engineering, ZAO Stroymontazh and LEK construction company.
Barrikada’s products were used to construct the St. Petersburg Ice Palace where the 2000 World Ice Hockey Championship was held, and shopping centres such as Lenta, O’key, Karussel and MEGA-IKEA. Barrikada also supplied its products for the construction of the Nokian Tyres plant in Vsevolozhsk (Leningrad region) and production buildings of Ford, Toyota, British American Tobaco and other world leaders in industrial production.
The list of housing projects implemented using Barrikada’s products includes hundreds of houses such as Poema u Tryokh Ozyor (Poem of Three Lakes), Grazhdanka City, Shuvalovo Heights, Seaside Cascade, Golden Harbour, Amber Beach and many others.  Panels manufactured by Barrikada were used to construct the Ring Motor Road (KAD) in St. Petersburg and even the Plesetsk Cosmodrome,  the world’s north-most launch complex.