YIT to build a modern farm complex for Agrokoncernas Group in Lithuania

YIT Corporation Investor News 25 April 2024 at 8:00 a.m.

YIT farm comlex Lithuania 2
YIT farm comlex Lithuania 2

YIT to build a modern farm complex for Agrokoncernas Group in Lithuania

YIT and Agrokoncernas Group, one of the biggest partners of Lithuanian farmers in the agricultural industry, have entered into a contract on a modern cow farm complex to be built in the Radviliškis region.

The contract is worth approximately EUR 53 million and is included in the order book for the second quarter of 2024. The total area of the premises in the complex will reach approximately 78 000 square metres.

The construction of the complex is starting in May 2024 and it is expected to be completed by September 2026. The complex being developed on a plot of 53 hectares will include buildings, infrastructure facilities and will be equipped with modern engineering solutions.

In addition, a biomethane power plant is planned to be built in the complex. The manure entering the power plant will turn into raw material for the production of green energy. The capacity of the designed power plant is 1.77 MW.

The premises of the farm complex will be heated with energy-saving efficient air-water heat pumps. In order to enable employees to use environmentally friendly transport, charging stations for electric cars will be installed.

Further information:
YIT’s Corporate communications, tel. +358 44 743 7536, press@yit.fi

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

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