RAMIRENT HELPS CONSTRUCTION OF INFRASTRUCTURE FOR 2014 WINTER OLYMPICS IN SOCHI, RUSSIA

PRESS RELEASE 16 May 2011


  

Ramirent has opened a rental outlet in Sochi, Russia, the city hosting the 2014 Winter Olympics. In preparation for the Winter Olympics, Sochi has turned into a huge construction site. For Ramirent, the outlet in Sochi opens new opportunities in the growing market in southern Russia.

“Thanks to our new outlet, we are now able to benefit from the business opportunities created by the Winter Olympics at a much greater scale. At the same time, we are strengthening our equipment rental offering in southern Russia,” says Kari Aulasmaa, Senior Vice President, Finland and Europe East, at Ramirent.

Until now, the Russian operations of Ramirent have focused on the Saint Petersburg and Moscow regions.

“Construction related to the Winter Olympics has made Sochi a third focus area in Russia for Ramirent. Demand for our machinery and equipment in Sochi is high, and our local partner has had excellent success in the area,” says Grigory Grif, Country Manager, Russia, at Ramirent.

Ramirent has been operating in Sochi since 2009 through its local partner, LLC Rostechnostroy.

A leading equipment rental group in Russia, Ramirent has been operating in the country since 1988. The rental outlet opened in Sochi on 12 May 2011 is the company’s sixth outlet in Russia. In addition, Ramirent has three outlets in Saint Petersburg and two in Moscow, and ten re-renter agents operating across Russia.

Additional information:
Kari Aulasmaa, Senior Vice President, Finland and Europe East, tel: +358 40 511 6445

Ramirent is a leading equipment rental group delivering Dynamic Rental SolutionsTM that simplify business. We serve a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2010, Group sales totalled EUR 531 million. The Group has 3,000 employees at 382 locations in 13 countries in Northern, Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.