RAUTE RECEIVES AN EUR 6,7 MILLION ORDER FROM SWEDEN
RAUTE RECEIVES AN EUR 6,7 MILLION ORDER FROM SWEDEN
Raute Corporation has received an EUR 6,7 million order for veneer technology
from the Swedish company Plyfa Plywood AB. The order includes a log handling
line, peeling line and drying line for the production of parquet base layer
veneer for Plyfa's Hassela mill. The machinery deliveries will take place during
the summer of 2008.
Plyfa Plywood AB is a Swedish company engaged in the production of veneer and
plywood. Plyfa has started a major investment project with the target of
modernizing its production process and the order received by Raute is part of
the project. By developing the production process at the Hassela mill the
company seeks a notable capacity improvement. After the investment project the
company's production capacity rises to 80 000 m3 veneer and plywood products.
The veneer and plywood industry in Sweden is quite small in spite the good
possibilities offered by the raw material resources. Plyfa's investment project
is the most significant investment in the industry in years. It is proof of both
Raute's strong market position and the development possibilities of the Swedish
wood products industry.
The order has no influence on Raute's earlier published net sales and operating
profit outlook estimates for 2007. The order strengthens the order book in early
2008.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation,
+358 3 829 3560, mobile phone +358 400 814 148
RAUTE IN BRIEF:
Raute is a technology company serving the wood products industry worldwide. Its
most important customers are the plywood and LVL industries. The company is the
world market leader as a supplier of mill-scale projects to these customer
industries. The full-service concept also includes technology services, with
which Raute supports its customers throughout the entire life cycle of their
investment. Raute's head office and main production plant are in Nastola,
Finland. Its other production plants are in the Vancouver area of Canada, in the
Shanghai area of China, and in Iyväskylä and Kajaani, Finland. Net sales in 2006
were EUR 106 million and the number of personnel 540. More information on the
company can be found at www.raute.com.
DISTRIBUTION:
OMX Nordic Exchange in Helsinki, Main media, www.raute.com