Bauer Wins Major Russia Contract for Lakhta Tower
January 18, 2013
Bauer AG recently won a contract to perform foundation works for Lakhta Tower in St. Petersburg, Russia. The structure will be the tallest building in Europe.
Work on the building, to be erected on the Baltic coast in the Lakhta district of St. Petersburg, will be done by Bauer’s Russian subsidiary.
“We are pleased to be carrying out the foundation works for what will be the tallest building in Europe,” said Thomas Bauer, chairman of Bauer AG’s management board. “Russia is a very dynamic market and we benefit from our long-term presence there time and again. It is wonderful to be involved in such an exceptional project.”
When finished, the Lakhta Tower will top 1,500 feet. Foundation work, scheduled to wrap up this summer, involves sinking around 260 bored piles-with diameters up to 6 feet-to a depth of about 280 feet. Bauer plans to use two BG 40 and two BG 28 drill rigs for the project.
Lakhta Tower is the third major contract secured by the Bauer Group in recent weeks. Other major projects include foundation work for the Hong Kong-Zhuhai-Macau Bridge, a contract valued at about $86.8 million, and a $33.4 million contract for the Kingdom Tower in Saudi Arabia. Kingdom Tower, when complete, would take the title of world’s tallest building from the Burj Khalifa, which is also built on a Bauer foundation.
Based in Schrobenhausen, Bavaria, Bauer offers services, machinery and products for use in ground and groundwater industries, covering everything from oil and gas extraction to mining and foundations. Bauer’s business is divided into three segments: construction, equipment and resources.
Founded in 1790, Bauer employs about 9,700 people worldwide and had 2011 revenue of about $1.87 billion. For more information about Bauer, visit www.bauerfoundations.com.