Ponsse to establish subsidiaries in Hong Kong and China
PONSSE OYJ STOCK EXCHANGE RELEASE 2 NOVEMBER 2007, 9:00 A.M.
Ponsse to establish subsidiaries in Hong Kong and China
Ponsse Oyj will establish two subsidiaries in Asia: Ponsse Asia Pacific Ltd and
Ponsse China Ltd. Ponsse Asia Pacific Ltd will be responsible for the
establishment and development of Ponsse sales and service network in Asia and
Oceania. The company headquarters will be located in Hong Kong. Ponsse China Ltd
will be responsible for the establishment and development of Ponsse sales and
service network in China. The company will especially support wood harvesting
mechanisation operations on Stora Enso China's eucalyptus plantations in South
China. The company headquarters will be located in Beihai.
Mikko Laurila (BSc forestry) has been appointed Managing Director of both
companies to be established. Risto Kääriäinen, M.Sc in Technology, has been
appointed Country Manager of Ponsse China Ltd. He will assume his new post on
19 November 2007. Previously Kääriäinen has worked as Chief Representative of
Elecster Oyj in Beijing, China. Jihua Wang, L.LM, has been appointed Legal
Counsel and Administrative Manager of Ponsse Asia Pacific Ltd.
"Investments in the forest industry in the area boost demand for wood and
cut-to-length method forest machines as the harvesting of plantations is being
mechanised. We want to ensure Ponsse's strong presence in the growing markets,"
says Arto Tiitinen, President and CEO of Ponsse Oyj.
Vieremä, 2 November 2007
PONSSE OYJ
Arto Tiitinen, President and CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Arto Tiitinen, tel. +358 400 566 875
DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media
www.ponsse.com