RAUTE TO DELIVER PLYWOOD TECHNOLOGY TO LATVIA
RAUTE TO DELIVER PLYWOOD TECHNOLOGY TO LATVIA
Raute Corporation has received in August and November 2007 orders for plywood
technology worth 14 million EUR from the Latvian company A/S Latvijas Finieris.
The machine deliveries will take place in the summer and autumn of 2008.
In August, Latvijas Finieris ordered all production lines for a new green veneer
mill to be built in Ukmerge, Lithuania. To be further processed, the veneer
produced with Raute machinery in Lithuania will be transported to Latvijas
Finieris' mills in Latvia.
In November, Latvijas Finieris ordered for its Lignums mill situated in Riga,
Latvia, a mill modernization including several production lines. The investment
targets in making the raw material handling more efficient and thus improve the
raw material recovery and increase production efficiency and flexibility. The
order also includes a rationalization plan for the conditioning process
targeting significant improvement in energy efficiency.
The received orders are part of a long-term development plan of Latvijas
Finieris. The target of the plan is to make the company the globally leading
birch plywood developer and producer. A/S Latvijas Finieris is a Latvian company
specialized in the production of birch plywood. The products are sold on the
global market. The company has 3 plywood mills in Latvia and it is one of the
biggest birch plywood suppliers in Europe. All Latvijas Finieris' mills have the
latest, high-performance production technology, most of which supplied by Raute.
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:
Main media, www.raute.com