Raute received an order worth over EUR 8 million to Poland
RAUTE CORPORATION STOCK EXCHANGE RELEASE JUNE 6, 2014 at 3:30 p.m.
RAUTE RECEIVED AN ORDER WORTH OVER EUR 8 MILLION TO POLAND
Raute Corporation has received an order worth over EUR 8 million from the company Paged Sklejka S.A. in Poland. The ordered equipment will be delivered to a new softwood plywood mill to be built beside Paged's plywood mill in Morag, Poland. The order comprises a peeling line and a drying line. The equipment represents the latest technology in its field and is the first phase of the project through which Paged will broaden out its offering to softwood plywood. Poland abounds in good-quality pine which is suitable for the production of softwood plywood. Being the leading technology supplier and the long-term customer relationship were the convincing factors resulting in Raute to get the deal.
Paged Sklejka S.A. is the biggest plywood producer in Poland with plywood mills, in addition to Morag, in Pisz and Elk. At present, Paged's offering consists of hardwood plywood, mostly of birch plywood.
The equipment will be delivered during 2014. The present deal has no impact on Raute's outlook for 2014. Raute's net sales will grow and the operating profit will improve from the year 2013.
President and CEO
Mr. Tapani Kiiski, President and CEO, mobile +358 400 814 148
NASDAQ OMX Helsinki Ltd, main media, www.raute.com
RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood and LVL (Laminated Veneer Lumber). The technology offering covers machinery and equipment for the entire production process. As a supplier of mill-scale projects Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Kajaani, Finland. Raute’s net sales in 2013 were EUR 83.3 million. The Group’s headcount at the end of 2013 was 534.
More information about the company can be found at www.raute.com.