PONSSE TO ESTABLISH A SUBSIDIARY IN SOUTH AMERICA
PONSSE OYJ STOCK EXCHANGE BULLETIN, 25 APRIL 2005 AT 9 A.M.
PONSSE TO ESTABLISH A SUBSIDIARY IN SOUTH AMERICA The new Ponsse subsidiary will be responsible for establishing and developing Ponsses sales and service network in the area. Headquartered in Brazil, the company will sell PONSSE forest machines, provide related servicing and support Ponsses dealer network throughout South America. Mr Claudio Costa (42), M.Sc.(Econ.), has been appointed President of the new Ponsse subsidiary. For the past 20 years, he has held various management positions at Valtra do Brasil, most recently as director responsible for marketing, sales and service operations in South America. "In Brazil alone, the pulp and paper industry uses annually over 100 million cubic metres of wood harvested from cultivated forests. In the near future, the amount of cultivated forests, mostly eucalyptus plantations, is estimated to increase from todays approximately 6 million hectares to 11 million hectares, considerably boosting harvested volumes. The worlds leading forestry companies have and will continue to make major investments in pulp and paper industry in South America, further increasing the demand for eucalyptus and, consequently, forest machines in the market. Through our own subsidiary, we will ensure Ponsses strong presence in this growing market," affirms Arto Tiitinen, President and CEO of Ponsse Oyj. Vieremä, 25 April 2005 PONSSE OYJ Arto Tiitinen President and CEO FOR MORE INFORMATION, PLEASE CONTACT: Arto Tiitinen, President and CEO, Ponsse Oyj tel. +358 20 768 8621 DISTRIBUTION Helsinki Exchanges Main media www.ponsse.com