Joint venture agreement sees UK demolition giant setting its sights on Russia.
A new joint venture created by St. Petersburg’s CrushMash and the U.K.’s Keltbray, a specialist in the field of demolition, aims to introduce a range of new technologies on the local market that will reduce damage to the environment and allow for greater levels of recycling.
The St. Petersburg group CrushMash began by focusing on the recycling of building waste, before expanding into demolition services. Further innovation is being introduced onto the local market through the application of Keltbray’s international experience and technology, with higher standards in safety and efficiency. New techniques and technologies enable the group to demolish sophisticated sites using new excavators with 40-metre excavators.
According to Steve Foster, the managing director of Keltbray Group, the company has plans to increase its turnover on the Russian market to about 5 to 6 billion rubles ($163 million to $195 million) per year, putting it on a level with its turnover in the U.K. Foster said, however, that the joint venture would not be seeking to win all tenders, preferring to limit itself to the most attractive.
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