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The new plant will become the largest producer of bricks in Russia. The state-of-the-art manufacturing equipment is supplied by the world’s leading companies - Händle and Hans Lingl (Germany). The production range will include not only regular porous bricks but also production types unique for the Russian market: several types of clinker bricks of various forms, colours and textures, shaped bricks, unique ceramic elements and types of facing bricks. The plant will supply its production under the trade mark RAUF to the Central, Southern, North-West and Urals districts of Russia.
Built from the ground up, now this “greenfield” project has full infrastructure including all utility networks necessary for production maintenance. The plant is located close to a clay deposit with confirmed clay reserves enough for more than 100 years of production.
After reaching its project capacity in the middle of 2013, the new enterprise will become the largest tax-payer in the Leningrad region.
Aleksandr Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group, comments:
“Today LSR Group is the largest brick producer in Russia. The new plant will allow us to strengthen our leading positions as well as make a great contribution into the economic development of the whole region. When the new production enters the market, it will both fully cover the demand for ceramics in the North-West region and be exported to the neighbouring regions. In future it is planned to increase the production capacity to 220 million bricks per annum”.
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 and Yekaterinburg.
As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.4m m2 with the market value of RUB 124bn.
In 2011, the sales revenue of LSR Group were RUB 51,910m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
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