|About Us||Products And Services||Investor Relations||Sustainability||Media center||Contacts|
The inauguration ceremony was attended by:
Valery Serdyukov, Governor of the Leningrad region, Andrey Molchanov, Senator of the Leningrad region in the Council of Federation of the Federal Assembly of the Russian Federation, Mr. Xie Xiao Yong, Consul General of China, Igor Levit, Chairman of the Board of Directors of LSR Group, Aleksandr Vakhmistrov, President, Chairman of the Executive Committee of LSR Group, Mikhail Romanov, Managing Director of New Business Development of LSR Group, Mr. Xu Ning, President of Hefei Cement Research & Design Institute (HCRDI), and also scientists, mass media and the plant’s employees.
The construction process which has been underway for 2 and a half years, is completed, the equipment has been assembled and installed. For the very first time, the variety of metal structures and complex technological mechanisms, including the key production unit of the cement plant – a rotatory kiln, has started to operate jointly with each other. Since this moment, the plant is facing a new stage – the stage of production and certification of the project.
The new plant is a unique “green-field” project: the complex construction, including engineering and transport infrastructure, was conducted from the ground up. The plant area is 40 ha (excluding quarries, an access road and a railway).
The location of the plant in the town of Slantsy, 175 km away from St. Petersburg, has been chosen on purpose. As a rule, cement plants depend on raw material base: its closeness usually affects profitability of the plant.
LSR Group has all the necessary rights and licenses for the two mineral deposits - the Duboyom quarry with a proven reserves of 95 million tons of limestone and the Bolshiye polya quarry with a proven reserves of around 41 million tons of cement clay.
As an additional raw material in cement production, the new plant will use rock mass which represents the waste from the oil shale production by OJSC Leningradslanets and OJSC Slanets, which also affect environmental situation in the town. The rock mass of 100 million tons occupies more than 400 ha of Slantsy, and will be utilized as a component in the cement production (up to 50% of a raw mixture).
The plant will operate the most efficient “dry” process technology, enabling it to produce high-quality cement of grades 400 and 500, the most demanded after by builders. The production technology, which uses the waste limestone from oil shale production as an additional raw material, was developed by FLSmidth & Co. A/S of Denmark, a world’s leading cement equipment manufacturer. FL Smidth & Co. A/S designed and supplied all the equipment for the new plant. In addition, its specialists organised trainings for engineering and technical employees, and also the management of the plant. The general contractor for the full range of design and construction works was OOO Cement Northwest, a 100% subsidiary of Hefei Cement Research and Design Institute, China.
The new production facility will become one of the most energy efficient plants in the world, due to the following factors:
- use of alternative fuel – the plant can operate thorough waste materials combustion (used tires, oil, plastic packaging, etc.);
- 40% of the energy required for the operation of the production lines is provided through waste materials combustion;
- automatic monitoring of emission points into the atmosphere through the analyzer of emissions, and also implementation of the emission limits in accordance with the European environmental standards.
At the moment, the plant employs 200 people; as soon as the plant reaches its full production capacity, the number of employees is expected to double.
According to independent experts, Resheniye Consultancy Company, the current capacity of the cement market in the North West Federal Region in 2010 will amount to 4.1 million tons of cement per year, whereof 2.9 million tons is a market capacity of the Leningrad region.
Valery Serdyukov, Governor of the Leningrad region, comments:
“Today we all witnessed the completion of the huge construction project – efficient and environmentally-friendly world class cement plant. This is an advanced high-tech facility based on innovative technologies. The new plant is a significant contribution into the region’s economy: not only will it produce high quality cement for the builders and improve ecological situation in Slantsy, but also provide 400 new jobs for the residents of the Leningrad region. This is very important that LSR Group managed to complete the construction on time, despite challenging economy of the last year”.
Alexander Vakhmistrov, President, Chairman of the Executive Committee of LSR Group, comments:
“Cement plant technological launch of LSR Group is an important event for the cement sector of the North West region which today has obsolete production facilities.
For our company, the new plant will enable us to complete our integrated chain of building materials operations and it will fully cover our internal demand for cement. LSR Group is one of the largest cement consumers in Russia (around 1 million tons of cement per year). For this reason, our company and other consumers are waiting for certification of the cement, produced at the Russia’s most advanced plant”.
Photo images of the cement plant launch ceremony are available at:
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.
In 2009, the sales revenues of LSR Group were RUB 51,024 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
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.
We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.
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.
“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.