Metsäliitto Cooperative to sell Hartola module factory's business operations to Finndomo

11/07/2006

Metsäliitto's Wood Products Industry (Finnforest) continues to concentrate on
its core business. On 10 July 2006, Metsäliitto Cooperative and Finndomo signed
a contract, according to which the business operations of the Hartola module
factory will be transferred to Finndomo as of 1 September 2006. The sixty-five
employees working in the factory will be transferred to Finndomo as old
employees, and the terms of their existing employment contracts will remain
valid. 

"We will be concentrating on manufacturing wood-based elements as part of the
building systems development process", says Executive Vice President of
Metsäliitto's Wood Products Industry Ole Salvén. 

As a result of the acquisition, Finndomo will acquire a state-of-the-art module
factory, enabling the delivery of module-based houses for large urban
development sites and end-users. Finnforest will retain the ownership of one
element line located in the factory premises. The line produces, among others,
elements for Finndomo's Hartola factory. 

Further information: 
Ole Salvén, Executive Vice President, Metsäliitto Wood Products Industry, tel.
+358 50 575 3310 
Esa Kosonen, Director, Building systems, tel. +358 50 598 9562
Päivi Kauhanen, Communications Manager, Metsäliitto Group, tel. +358 50 598 9560