Lindab has booked an order worth approximately SEK 30 million for a Russian infrastructure investment in Tatarstan.
Lindab has booked orders for several single and multi-storey buildings for a state supported Science Park near Kazan in Tatarstan, during the last few months. The latest order is worth approximately SEK 30 million and is due for completion by end of 2012.
Hans Berger, Business Area Manager for Lindab Building Systems, commented:
"Russia is a very important market for us and we are pleased to see that the good momentum is continuing. Our customer has stringent demands on quality and in this case it was also crucial to be able to deliver within a very short time frame."
The Science Park is a large investment which, in addition to technology companies, will comprise the Ministry of Culture of Tarstan Republic, a large hotel, trading centre, parking houses and other infrastructure.
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Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Hans Berger, Business Area Manager, Building Systems
Email: hans.berger@lindab.com
Mobile: +352 621 229 341
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales revenue of SEK 6,878 m in 2011, was established in 31 countries and had approximately 4,300 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2011, the Nordic market accounted for 46 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 23 percent, Western Europe for 28 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com