Konekesko Ltd to Start as Ponsse's Partner in the Baltic States
PONSSE OYJ STOCK EXCHANGE RELEASE 23 DECEMBER 2005, 9:00 a.m.
Konekesko Ltd to Start as Ponsse's Partner in the Baltic States Konekesko Ltd and Ponsse Oyj have agreed to co-operate in the Baltic States. Konekesko Ltd, a subsidiary of Kesko Agro Ltd, has a sales and service network covering all of the Baltic States that provides excellent opportunities for using the existing infrastructure in the marketing and servicing of PONSSE forest machines. "With our new partner, the outlook for the near future in the Baltic forest machine market looks promising. Over the next few years, the mechanized cut-to-length method will become even more commonly used in mechanised timber harvesting in the area. Konekesko Ltd's strength is in its solid experience in importing and marketing heavy machinery as well as providing services relating to their use. The arrangement will ensure Ponsse's progress in the market. With the help of our new partner, we will be able to ensure the high quality of our local services," says Arto Tiitinen, President and CEO of Ponsse Oyj. Konekesko Ltd is a Kesko Group subsidiary specialising in the import and marketing of heavy and recreational machinery brands and producing related auxiliary services. In 2004, Konekeskos turnover was EUR 173.2 million, and the company employed 290 people. Vieremä, 23 December 2005 PONSSE OYJ Arto Tiitinen President and CEO For further information, please contact: Arto Tiitinen, President and CEO, tel. +358 (0)20 768 8621 DISTRIBUTION Helsinki Stock Exchange Principal media www.ponsse.com ------------------------------------------------------------------------------- Ponsse Oyj manufactures forest machines and timber harvesting-related information technology as well as producing services relating to their effective use. Ponsse Oyj's shares are quoted on the main list of the Helsinki Stock Exchange. Export and foreign operations account for approximately 65% of the company's turnover. The group employs more than 700 people and has operations in nearly 30 countries.