LSR Group signs two government contracts
18 February 2011
OJSC PO Barrikada (a subsidiary of LSR Group), as a result of two open auctions, has signed 2 government contracts with Saint Petersburg Committee for Construction to design and construct a secondary school and a kindergarten for the needs of St. Petersburg. The total value of the contracts is RUB 198.95 million.
Under the contracts, Construction pision of PO Barrikada is to construct a secondary school with a total area of around 16 th sqm and a kindergarten with a total area of around 2.7 th sqm in the Moskovsky district of St. Petersburg by the end of July 2012.
PO Barrikada will also supply reinforced concrete for the construction.
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 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.
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 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.