Raute received orders worth approximately EUR 23 million to Finland
RAUTE CORPORATION STOCK EXCHANGE RELEASE 29 January, 2018 at 3:30 p.m.
RAUTE RECEIVED ORDERS WORTH APPROXIMATELY EUR 23 MILLION TO FINLAND
Raute Corporation has received orders worth approximately EUR 23 million from Metsä Wood, the Wood Products Business Area of Metsä Group. The orders consist of machinery and equipment to be delivered for the expansion of Metsä Wood’s LVL mill in Punkaharju. The deal includes peeling, drying, LVL lay-up, pre-pressing and pressing lines, and also services related to the installation and commissioning. The installation and commissioning of the production processes for the expansion of the LVL mill in Punkarhaju will start in the beginning of 2019.
The cooperation between Raute and Metsä Wood has continued for a long period. The production processes in Metsä Wood's plywood and LVL mills have mostly been implemented by machinery and equipment delivered by Raute. Raute's strong expertise in the entire production processes of LVL and plywood can be seen in the wide scope of orders received by Raute. Raute estimates that its previous successfully completed deliveries to Metsä Wood and other operators in the LVL and plywood industries were the convincing factors, resulting in Raute to receive the orders.
Raute will publish its net sales and financial performance information for 2017 and outlook for 2018 in the financial statement release on February 15, 2018. This transaction is not included in the December 31, 2017 order book.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, mobile +358 400 814148
DISTRIBUTION:
Nasdaq 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, LVL (Laminated Veneer Lumber) and sawn timber. Its technology offering covers the entire production process for veneer, plywood and LVL and special measurement equipment for sawn timber. 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 the Nastola area of Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, the Shanghai area of China and in Pullman, Washington, USA. More information about the company can be found at www.raute.com.