Ponsse invests in renewable energy
PONSSE OYJ STOCK EXCHANGE RELEASE 6.11.2006 AT 9 AM
Ponsse invests in renewable energy Renewable energy wood and small-dimensioned wood harvesting volumes are increasing on a global level, with the growth targets of the energy industry creating great challenges for the forest industry. In the future, we foresee the energy wood industry playing a major role in the wood harvesting sector, and thus it will be a significant addition to Ponsse's business operations. Therefore, the development of efficient solutions for our customers in this sector will be a strong focus area for Ponsse in the future. Hannu Airavaara, (61), Engineer, has been invited to take up the role of Ponsse Oyj's Development Director. He will be responsible for developing renewable energy and small-dimensioned wood harvesting technology. Mr. Airavaara has considerable experience in wood harvesting development tasks in the Finnish forest industry, and his influence in the development of the industry is significant. Mr. Airavaara will transfer to Ponsse from UPM-Kymmene Oyj where he worked as Resources Manager of wood procurement logistics. He will assume his new position on 1 January 2007, and he will report to Seppo Taatila, Director of Technology and Engineering. "As far as we can see, the energy wood industry will become a very significant part of the entire company's business operations. At the moment, the energy wood industry does not have any established solutions for wood harvesting, and we want to participate in developing these methods in cooperation with our customers. The industry has great growth potential," says Arto Tiitinen, President and CEO of Ponsse Oyj. Vieremä, 6 November 2006 PONSSE OYJ Arto Tiitinen President and CEO FOR FURTHER INFORMATION, PLEASE CONTACT: President and CEO Arto Tiitinen Tel. +358 400 566 875 DISTRIBUTION Helsinki Stock Exchange Principal media www.ponsse.com