YIT AND FORTUM AGREED ON A MAJOR PIPING DELIVERY TO SWEDEN

YIT 

15.05.2012 13:00
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Helsinki, 2012-05-15 13:00 CEST (GLOBE NEWSWIRE) -- 

YIT CORPORATION                        INVESTOR NEWS       15 May 2012 at 14:00





YIT AND FORTUM AGREED ON A MAJOR PIPING DELIVERY TO SWEDEN

YIT has agreed on a piping delivery to a new waste combustion plant built by Ab
Fortum Värme. The deal includes the plant's district heating system, district
heating battery, steam and process piping and cooling water piping. The
extensive delivery includes design, prefabrication, installation and
commissioning. The value of the deal is about EUR 10 million. 

The new waste combustion plant will be built in Brista near Stockholm and will
be introduced in late 2013. The total value of the project is approximately EUR
200 million. The new production unit will be connected to the existing district
heating network which supplies district heat to customers based in North and
West Stockholm. 

The planning of the piping delivery work has commenced. The piping
prefabricates are manufactured at the YIT's workshop in Ylivieska, Finland. The
installation will begin in July and will end in September 2013. The
installation in Sweden involves about 50 Finnish professionals from YIT. 

The plant annually consumes about 240,000 tonnes of waste as fuel. The
completed plant will produce about 60 MW of district heat and 20 MW of
electricity. This corresponds to the electricity needs of about 40,000
one-family houses. 

For further information, please contact:
Mika Streng, Export Manager, YIT Industry Ltd, tel. +358 40 573 4078,
mika.streng@yit.fi 
Alf Forsberg, Project Manager, Ab Fortum Värme, tel. +46 76 804 81 97,
alf.forsberg@fortum.com 

YIT CORPORATION


Kristina Broman
Acting Vice President, Corporate Communications





YIT is celebrating its 100th anniversary in 2012. The company was established
in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service
company in building systems, construction services and services for industry.
Our 26,000 professionals serve customers in 14 countries in the Nordic and
Baltic countries, Russia and Central Europe. We have grown together with our
customers and developed our services in line with the changes taking place in
different societies. We intend to continue on that track. Our vision is to lead
the way in creating and maintaining good living environments. In 2011, YIT's
revenue was approximately EUR 4.4 billion. YIT's shares are listed on NASDAQ
OMX Helsinki. www.yit.fi
News Source: NASDAQ OMX



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Language:     English
Company:      YIT
              
               
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ISIN:         FI0009800643
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