Yesterday, on 25 April 2011, Russian Prime Minister Vladimir Putin chaired a meeting at OJSC Zavod ZhBI-6 (a subsidiary of LSR Group) on Measures to Develop Construction Industry of Russia. The Government delegation headed by Mr. Putin visited the production facility and learnt about its innovative technologies.

The meeting was also attended by Deputy Prime Minister Dmitry Kozak, Minister of Regional Development Viktor Basargin, government officials, heads of the regions as well as heads of the largest Russian construction companies, includingAlexander Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group.
Before the meeting, the Government delegation together with Vladimir Putin visited the production facility upgraded during 2009-2011 as a part of modernization programme. The plant also launched 2 production lines with new advanced equipment by Weckenmann and Vollert and expanded finished products storage. As a result, Zavod ZhBI-6 broadened the range of manufactured goods and reoriented into a house-building factory with the annual capacity to complete up to 240 th sq. m of housing per year. The flexible production lines installed at the plant and quickly readjusted forms make it possible to produce different types of reinforced concrete elements suitable for construction of various buildings.
Moreover, the prime minister was told about the new energy-efficient “seamless” technology used in construction in St. Petersburg, Moscow and Yekaterinburg. This technology implies external walls insulation and seamless facades, guaranteeing high insulation and eliminating the risk of leakage and cold bridging.
The delegation also was shown a number of LSR Group projects, including several projects of integrated development in St. Petersburg (Yuzhnaya Akvatoriya residential complex) and in Yekaterinburg (Kalinovsky residential complex). Besides, the visitors saw a project of low-rise construction of reinforced concrete products manufactured by house-building factories of LSR Group. Since April 2010 the company has been constructing 2-storey and 3-storey residential houses for 8 and 12 apartments - EURO-8 and EURO-12. Highly demanded EURO-houses are built based on the “seamless” facade fit-out technology and can be completed within just 3 months.
LSR Group house-building factories are equipped to manufacture reinforced concrete elements to complete buildings of 2 to 25 storeys. Such projects are already developed, approved and now being implemented in St. Petersburg, the Moscow region and Yekaterinburg.
After the excursion at Zavod ZhBI-6, prime ministerVladimir Putin emphasized positive results of the production facility upgrade:“the upgraded production lines mean another quality. Everything has been done properly and efficiently, with the use of modern technologies”.

Note to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.

In 2010, the sales revenues of LSR Group were RUB 49,950 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
 OJSC Zavod ZhBI-6, a subsidiary of LSR Group, is one of the largest reinforced concrete producers in Moscow. Established in 1955, it was acquired by LSR Group in 2006. The production capacity of the plant is 170,000 cub.m of reinforced concrete per year equivalent to 240,000 square meters of housing annually.  Over the years of its operation the plant has manufactured more than 15 million cub.m of product. Flexible production lines enable the plant to efficiently produce large quantities of reinforced concrete elements. The plant is also capable of manufacturing bespoke concrete products. The company offers over 1,500 various reinforced concrete items for housing and commercial property construction.