Raute signed an engineering contract for a birch plywood mill to a Russian customer

RAUTE CORPORATION INSIDE INFORMATION AUGUST 7, 2019 at 2:30 p.m.

RAUTE SIGNED AN ENGINEERING CONTRACT FOR A BIRCH PLYWOOD MILL TO A RUSSIAN CUSTOMER

Raute has received a binding order for the machinery and equipment engineering of the production process for a birch plywood mill planned by a Russian customer. Raute estimates that the engineering work now ordered will result in an actual order for the production machinery within next few months. Raute will disclose information on the project once the order for the machinery and equipment has entered into force and is binding. 

The current signed contract has no impact on Raute’s net sales and financial performance forecasts for 2019. Net sales are expected to decrease, and operating profit is expected to weaken from the previous year.

RAUTE CORPORATION
Tapani Kiiski
President and CEO

FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation, mobile phone +358 400 814 148

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. Raute’s net sales in 2018 were EUR 181.0 million. The Group’s headcount at the end of 2018 was 772. More information about the company can be found at www.raute.com.