Vienna, 23 November 2007 – STRABAG, the largest construction company in Central and Eastern Europe, was awarded two contracts in Russia with three-digit-million volumes each.
“Ural Mining and Metallurgical Company Serov Tjumen” mandated the STRABAG Group with the construction of a turnkey steelworks in Tjumen, Western Siberia. The contract value is € 150m, the works will have a capacity of 550,000 t/a. Completion is expected by April 2010.
Furthermore STRABAG was awarded a contract for the construction of a steelworks in Vyksa, close to the city of Nishni Nowgorod, by OMK, one of Russia`s largest producers of steel pipes. The contract value is € 334m, the project should be finished by June 2010.
STRABAG was able to negotiate cost plus fee contracts for both projects.
STRABAG SE is one of Europe’s leading construction groups. With nearly 60,000 employees, STRABAG expects to post revenue of around EUR 11 billion in the ongoing financial year. From its core markets of Austria and Germany, STRABAG is present via its numerous subsidiaries in all countries of Eastern and South-East Europe, in selected markets in Western Europe and the Arabian Peninsula, as well as in Canada, Chile and India. STRABAG’s activities span the entire construction industry (Building Construction and Civil Engineering, Road Construction, Tunnelling) and cover the entire value-added chain in the field of construction. More information is available at www.strabag.com.