JSC Open Investments
JSC Open Investments: OPIN will participate in Japan Re-Build
JSC Open Investments / Key word(s): Miscellaneous
OPIN will participate in Japan Re-Build Moscow, (apr. 7, 2011) – Canadian based leading international manufacturer of quality pre-engineered homes Viceroy Homes Ltd., belonging to Russian JSC «OPIN», will begin shipping temporary housing unit to Japan, where thousands of peoples have been left homeless following the earthquake and tsunami disaster. The first portion of 160 home units will be shipped to Japan over the next three weeks. The quake and tsunami caused an estimated US $310 billion of damage. More than 10,000 people have been confirmed dead and 17,000 are missing. The Japanese government has estimated that about 4,700 homes were totally destroyed, 2,500 half destroyed and 56,000 partly destroyed or damaged in the disaster. Those who lost their homes today live in schools and other facilities. The Government of Japan plans to build 30 000 temporary houses, 10 000 of them – with the help of private companies. The initial order for 40 home units, specially designed for disaster victims, is expected to be shipped to Japan next week. Then it’s set to ship 60 units every week. After that, Viceroy is planning to provide 200 units per month for the next several months. These temporary units are very basic 30 square-metre single family shelters containing a small common areas, bedroom, kitchen and washroom. «Providing temporary pre-engineering houses for victims in Japan is not a market for us . – General Director of JSC «OPIN» (owner of Viceroy) Artemiy Krylov declares, – it will be providing by the price very close to construction costs. Home units will be manufactured in Canada with Canadian building materials before being shipped by sea to Japan, where they will be constructed by our partner Selco Home.» For the past 17 years, Viceroy has partnered with Selco Home, one of the largest home building companies in Japan. Selco is also one of the largest importers of Canadian housing to Japan. «Japan has been a very important market for Viceroy for more than 15 years, – General Director of Viceroy Homes Ltd. Dan Fox says, – It has sold nearly 12,000 Canadian-built homes to Japan over the past decade. The main advantages of Viceroy homes – high speed of construction, environmental, energy quality and seismic resistance». Selco Homes’ head office is located in the northern city of Sendai, at the center of the most heavily damaged prefectures. The Japanese government, which is providing full funding for the building program, has invited Selco to submit a proposal for both temporary and permanent housing solutions in this region. Selco is a key member of the Association of Japanese Builders, which has an immediate mandate to provide approximately 1,000 temporary housing units over the next three months. It also expects to secure a portion of the 100,000 permanent homes that will be required over the next three to five years. About JSC «OPIN» Founded in 2002, JSC «OPIN» www.opin.ru is the largest Russian investor and developer, and first public corporation at the local real estate market. In 2008, OPIN purchased Viceroy Homes Ltd and became the exclusive distributor of its products to the Russian and CIS markets. In 2009, revenues were 323 million USD and total assets were estimated at 2.3 billion USD. About Viceroy Homes Ltd. Founded in 1956, Viceroy Homes Ltd. www.viceroy.com is Canada’s oldest and largest manufacturer of quality pre-engineered housing, with manufacturing facilities in Ontario and British Columbia. Viceroy exports its homes to over 35 countries worldwide. For more information please contact:
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Language: | English | |
Company: | JSC Open Investments | |
Tverskoy blvr, 13/1 | ||
123104 Moscow | ||
Russland | ||
Phone: | + 7 495 363 22 11 | |
E-mail: | info@opin.ru | |
Internet: | www.opin.ru | |
ISIN: | RU000A0DJ9B4 | |
End of News | EquityStory.RS, LLC News-Service |
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