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Peikko to launch the NIRO balcony connector system into Nordic Countries, Baltics and Russia

Peikko Group has signed an agreement with AVI of Austria to manufacture, market and sell an insulated balcony connector system created by AVI to a selected countries in Europe. The system has been developed by AVI over the past 10 years and the system is currently sold by AVI in Austria and its neighboring countries.

The NIRO Balcony connector is a heat insulating, load bearing connection element between structural parts of reinforced concrete. It is used to improve heat insulation of cantilever reinforced concrete slabs at their connection to the inside of a building. Due to increasing needs for energy efficiency and construction quality, demand for this product category is expected to grow fast in Europe.

Peikko aims to launch the NIRO Balcony Connector system into the Nordic Countries, Baltics and Russia during 2011. The manufacturing operations will start at Peikko’s facilities in Finland and immediately also at Peikko’s facility in St.Petersburg, Russia. The necessary preparations for national product approvals required by authorities and preparations for manufacturing have already started. Peikko has already received the GOST certificate for the Russian market.

“With NIRO Balcony connector Peikko is able to extend its product offering considerably into the residential construction sector. We are happy to co-operate with company AVI and to further develop the product with them for it to be even more suitable for the targeted markets”, says Topi Paananen, CEO of Peikko Group Corporation

“With Peikko we can extend the market of our excellent product, NIRO Balcony Connector. We are confident that this co-operation is very beneficial for both parties, both regarding the sales and the further development of the product.”, states Martin Ritter, General Manager of AVI Gmbh.

Further information:

Peikko Group Corporation:
Topi Paananen, CEO, Peikko Group Corporation, Tel. + 358 50 384 3001
Raimo Lehtinen, Director, Product Management, Peikko Group Corporation, Tel. + 358 40 5209 260

AVI - Alpenländische Veredelungs-Industrie Gesellschaft M.B.H
Martin Ritter, General Manager, AVI GmbH, Tel + 43 316 4005 584
Harald Gradwohl, Technical Manager, AVI GmbH, Tel + 43 316 4005 561

Peikko is a Finnish family-owned company specializing in composite beams and fastening products for concrete connections. Peikko Group Corporation has subsidiaries in Austria, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Russia, Saudi Arabia, Slovakia, Spain, Sweden, Switzerland, Turkey, Ukraine, the United Arab Emirates and the United Kingdom. The production facilities of Peikko Group are located in Canada, Finland, Germany, Lithuania, Russia, Slovakia, the United Arab Emirates and the United Kingdom. Peikko Group employs more than 700 persons. Further information: www.peikko.com

AVI - Alpenländische Veredelungs-Industrie Gesellschaft M.B.H. - is a company specializing in reinforcing mesh and various engineering products. AVI belongs to a larger family-owned group of companies such as BSTG, MARIENHÜTTE, EVG, FILZMOSER and H+S Zauntechnik which cover the entire range of welded mesh and reinforcing steel. AVI headquarter is located in Raaba, Austria. Further information: www.avi.at