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YIT Oyj's Subsidiary Sells Plot in Greenstate Industrial Park to Siemens AG's OOO Siemens Gas Turbine Technology

Tuesday, 15 Jan 2013 03:00am EST 

YIT Oyj announced that YIT's Russian subsidiary YIT St. Petersburg and Siemens AG's OOO Siemens Gas Turbine Technologies (SGTT) have signed an agreement under which YIT will sell a plot in the Greenstate industrial park, south of St. Petersburg, to SGTT. Conclusion of the agreement took place and became valid at the end of the year 2012. On its 3.8-hectare plot, SGTT will build a world-class complex for gas turbines manufacturing and service, first of all high-efficiency 166 megawatt and 292 megawatt gas turbines. The planned area of the plant is approximately 25,000 square meters. The plant will be completed by the end of 2014. OOO Siemens Gas Turbine Technologies will employ up to 500 people. YIT's Greenstate industrial park is a zoned 112-hectare industrial area in the vicinity of the St. Petersburg ring road and Tallinn motorway, south of the city. The industrial park features fully completed infrastructure and energy, electricity, water and Information Technology (IT) networks for use by production plants and logistics centers. 

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15 Aug 2014