Project completion is set for June 2026. Credit: YIT Corporation/Cision.

Construction company has secured a contract with Prysmian Group Finland for warehouse construction and expansion at the company’s submarine cable production site in Kirkkonummi, Finland.

The deal, valued at approximately 鈧�35m聽($37.51m), will be recorded in YIT’s second-quarter 2024 order book.聽

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Prysmian Group Finland country CEO Ferdinando Quartuccio said: 鈥淭he contract now signed is a natural continuation of the ongoing cable tower construction project, which has progressed according to plan and on schedule.鈥澛�

This expansion represents Prysmian Group’s response to the increasing global demand for land and submarine power cables.  

It will see the expansion聽of four existing hall buildings and the construction of a new material warehouse, covering a total area of 26,000m虏.聽聽

The project’s scope includes ground engineering, concrete and steel construction work, as well as the integration of building systems engineering.聽

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It is expected to be completed by June 2026. 

YIT Infra Segment director Aleksi Laine said: 鈥淭he project highlights our expertise in demanding and versatile production industry construction, as well as our ability to create tailor-made solutions for the customer’s needs. We are happy to be part of this project promoting green transition, which is at the heart of our strategy.鈥� 

YIT was previously selected as the implementation phase partner for Prysmian Group’s cable tower project in mid-2023.聽聽

The tower, which reached its peak height of 185m聽at the end of last year, is on track to be finalised in mid-2025.聽

The latest announcement comes after the City of Tampere appointed YIT as the project management contractor for the Aleksanteri School renovation project in Finland.聽