LSR Group acquired Obukhov plant of building materials and structures
28 April 2011
OJSC PO Barrikada (a subsidiary of LSR Group) has received a notification from the registrar on the ownership transfer of 85.94% of OJSC Obukhov plant of building materials and structures to OJSC PO Barrikada.
OJSC Obukhov plant of building materials and structures, founded in 1973, is now one of the largest reinforced concrete producers in St. Petersburg. It produces a wide range of reinforced concrete items for residential, industrial, commercial and infrastructure construction. The plant also produces ready-mix concrete and mortar. According to the market research agency Resheniye, Obukhov plant of building materials and structures is one of the five leading reinforced concrete producers in St. Petersburg and the Leningrad region, while PO Barrikada is the largest one.
Annual production capacity of the plant with one-shift working day is 35 th cub.m of reinforced concrete and 90 th cub.m of ready-mix concrete.
Thanks to this acquisition LSR Group solidifies its market share in the reinforced concrete and ready-mix concrete market of St. Petersburg and expands its product range – in addition to traditional reinforced concrete products the acquired company produces a range of reinforced concrete items the Group did not produce before.
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 2010, the sales revenues of LSR Group were RUB 49,950 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 5,000 items. Barrikada’s reinforced concrete products are used to construct residential and industrial buildings, and commercial real, road construction and infrastructure 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.