YIT Corporation has signed a contract with Prysmian Group Finland Oy for the construction and expansion of warehouse facilities in the company's Kirkkonummi production site for submarine cables. The total value of the construction project is approximately EUR 35 million. The contract will be entered in the order book for the second quarter of the year.

The contract includes the expansion of four hall buildings and the construction of a new material warehouse in the area. The new facilities will cover an area of 26,000 m2. The contract includes demanding ground engineering, concrete and steel construction work, as well as building systems engineering.

The project is expected to be completed in June 2026. YIT was chosen as the implementation phase partner for the cable tower project in the summer of 2023. The tower reached its ridge height of 185 meters at the end of last year, and the tower is scheduled to be completed in the summer of 2025.

With the investment in Kirkkonummi, Prysmian Group is responding to the growth in demand for land and submarine power cables accelerated by the energy transition and related technology. High-voltage submarine cables are used to power green transition investments such as offshore wind turbines.