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

August 21, 2019

LSR Group strengthens its position in aerated concrete market

PJSC LSR Group agreed on terms to acquire H+H Russia LLC, a subsidiary of the Danish group of companies H+H International A/S.

Located in the Volosovsky district of the Leningrad Region, H+H Russia LLC will be incorporated into LSR.Wall Materials Group’s division that already operates another aerated concrete production facility in Sertolovo. H+H Russia LLC’s factory was commissioned in March 2009 with the design capacity of 400,000 m3 per year. It offers an extensive product range of wall and partition blocks of various density, including D300, D400, D500, D600 and U-blocks.
Vasily Kostritsa, Deputy CEO for Building Materials of LSR Group, commented: “The acquisition of H+H Russia LLC’s modern production facilities will allow us to significantly strengthen our position in the aerated concrete market of the North-West Federal District, while providing an opportunity to improve our shipment process and optimise our commercial and administrative expenses. H+H Russia LLC has WEHRHAHN equipment installed and is run by highly qualified personnel. We are confident that the acquisition of such a great asset will have a strong impact on the LSR.Wall Materials business.
Both parties agreed not to disclose the financial parameters of the transaction, which is expected to be completed in the near future.

For more information please contact:  

Investor Relations

Igor Tsoy 
Director of Investor Relations
E-mail: IR@lsrgroup.ru 

Media Relations

LSR Group Press Service
E-mail: press@lsrgroup.ru 

 

 

 

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