OJSC PO Barrikada (a subsidiary of LSR Group) signed a government contract with Saint Petersburg Committee for Construction to prepare engineering documentation and construct a kindergarten in the Krasnoselsky district of St. Petersburg. The contract value is over RUB 160 million.
Under the contract, PO Barrikada is to prepare engineering documentation and construct the kindergarten for 185 children with a full-year-use swimming pool. The project is scheduled for completion by the end of June 2012.
We will supply our own reinforced concrete items for 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 2010, the sales revenues of LSR Group were RUB 49,950 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 6 production sites including 5 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 real, road construction and infrastructure 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.