New construction projects

SRV Terasbetoni Oy, one of the leading construction companies of Finland, intends to organize financing from Western sources for new construction projects in the Russian pharmaceutical and food industries, and also for small and medium businesses. The volume of investments may total several tens of millions of dollars. The possibilities of investment were discussed during the negotiations between representatives of the company in a meeting at the Ministry of Economics of RF. The Russian side will study the offers from the Finnish company within the shortest possible time and prepare a list of projects for investments. The Finnish side, in its turn, will introduce partners to the Russian side, who have good potential on the construction market and also have an efficient management. SRV Terasbetoni Oy has been operating on the Russian market for more than 25 years. In Russia it fulfills contract work both for domestic and for foreign clients. In recent years the company built, in particular, potato-processing factory Koloss in Moscow, a corrugated cardboard factory in the Kaluga region, reconstructed the main office of Vozrozhdeniye bank in Moscow, and built office buildings for British Petroleum, Ericsson and Coca Cola in Moscow. SRV Terasbetoni Oy is a part of the Viitoset Finnish concern. In 1998 the concern_s turnovers totaled approximated $300 mln., of which about 20% resulted from foreign operations and export.