Lindab receives order worth SEK 50 m in Russia

Lindab has received an order worth approximately SEK 50 m to design and supply several steel buildings near Grozny in the Chechen republic, Russia.

The order comprises 4 factories with a total surface of more than 27,000 square metres and will be built on one site to accommodate production lines for various construction materials. The order has been placed by ZAO "IST-Kazbek", member of the local group of companies who are now developing the new industrial zone "Innovational Constructional Technopark Kazbek".

David Brodetsky, Lindab's President and CEO commented: "The customer visited several of our reference projects in Azerbaijan and Southern Russia, as well as our production plants in Yaroslavl and Luxembourg before placing the order. We are very pleased to be the chosen supplier of the pre-engineered steel buildings. It is an important reference for Lindab in the region."

The shipments are scheduled to start in August and will continue until December 2012.

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The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.

 

Contacts:

LINDAB

David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418

Hans Berger, Business Area Manager, Building Systems
E-mail: 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