print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  LSR Group REGISTER LOG IN

Press Releases > LSR Group  all about the company

company search
all press releases
all LSR Group press releases

LSR Group

May 26, 2009

LSR Group to launch new reinforced concrete production facilities in Moscow

Vollert-WECKENMANN, a German company, has carried out the supply of vertical wall production machinery to OJSC Zavod ZhBI-6 (a company of LSR Group). Accordingly, once the machinery is installed and adjusted, Zavod ZhBI-6 that was previously specialised in manufacturing floor slabs, piles and flights of stairs, will be able to add one more item to its product-mix: vertical elements for external walls and internal wall panels. It means that in line with the operating pattern of prefabricated construction plants the company will offer to the market a complete range of modern reinforced concrete products used in prefabricated construction.  

The planned capacity of the machinery to be commissioned is 35,000 cub.m of reinforced concrete per year. Consequently, the total annual output of Zavod ZhBI-6 will reach 170,000 cub.m of reinforced concrete, which is equivalent to approx. 200,000 sq.m of panel housing.  

To select the optimal technology and value for money combination, company specialists held a number of working meetings with foreign suppliers and finally opted for the machinery manufactured by Weckenmann of Germany. The carousel (circulation) line purchased for horizontal production of elements is based on a new capital-intensive technology comparable by its output to the cassette method of production. It provides an easy changeover and allows to manufacture a wide range of products including sandwich panels and decorative surface panels. Machinery installation, trial running and operating mode selection will be carried out under the guidance of Vollert-Weckenmann’s specialists.

Investments in the machinery are in excess of RUB 65 million (according to the exchange rate of the RF Central Bank as of 22.05.09). The equipment supply contract was concluded in 2007, and the expenditures under the investment contract were partly included in the financial statements for 2008.

To finance the equipment supply deal, a letter of credit was opened with the RF Northwest Sberbank in September 2007, with the LC cashed in 2009 against delivery.

In addition, the plant completed construction and installation work (namely, a shop previously unused was renovated, and the final products warehouse was substantially expanded), with the investments amounting to RUB 105 million.

The new concept of plant’s development provides for using the experience of LSR’s house building companies including the latest prefabricated construction technologies developed in St. Petersburg. It primarily includes manufacturing products for building seamless fade houses to prevent cold bridging and leakages that frequently occur at other panel houses, solid core house facing,  flexible design and architectural solutions, and also the ability to ensure high-speed assembling and construction of houses having from 3 to 25 floors.

Speaking about the end users – housing buyers, they are particularly concerned about the aesthetic appearance of the houses being built, their long service life, convenient layouts (big kitchens and hallways, no “pass-through” rooms, and provision of dressing rooms), high ceilings unlike in the obsolete buildings, balconies, perfect sound insulation and high speed of construction.

In order to use the new products of Zavod ZhBI-6 for constructing new residential buildings in Moscow and the Moscow region, the product line manufactured by CJSC DSK Blok (a house building St. Petersburg-based company of LSR Group) was certified in the Moscow area in 2008. Currently LSR Group has proceeded to develop a new brand to be used in Moscow and the Moscow region.

The acquisition of new manufacturing facilities means a step forward not only for the company itself but, above all, for its partners. Reduced production costs as well as increased machinery productivity will enable the company to make the most competitive offer to its customers, both in terms of price and quality.

Aleksandr Sidorov, CEO of OJSC Zavod ZhBI-6 commented:

“Given the high speed of construction and installation work and relatively low costs, panel construction has always been and will remain in demand, and during the crisis it may even grow more popular.   That is why the fact that our company is more than ever targeting the needs of construction companies provides an adequate and timely response to the market. Combining the production of all prefabricated parts in a continuous process, we will offer to our customers an integrated high quality product and help them to save time and money.”   

Zavod ZhBI-6 is planning to make the machinery operational and start manufacturing products as early as the summer of this year. The plant is to achieve its full capacity in the third quarter of 2009.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer