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According to the terms of the first contract, Barrikada is to manufacture and supply 7,332 PAG-14, according to the terms of the second contract – 1,128 PAG-18. The total value of the contracts is RUB 202.5 million. The supplies are to be completed on a tight schedule - by the end of 2010. Reinforced concrete products of OJSC PO Barrikada will be used to repair runways of the Russian aerodromes.
Note 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 RUR 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.
OJSC PO Barrikada specialises in the manufacture of prefabricated reinforced concrete products. The company was founded in 1907. Today it has 5 production sites including 4 sites in St. Petersburg and 1 site in the Leningrad region. Its product mix includes 4,000 items. Barrikada’s reinforced concrete products are used to construct residential and industrial buildings, and commercial properties (shopping and leisure centres, hypermarkets, warehouse terminals etc.), to build and maintain roads, and to 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, the Far North areas and a number of other Russian regions.
PO Barrikada also performs design and construction of buildings and facilities for residential, industrial and social purposes.
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