RAUTE TO RECEIVE A SIGNIFICANT ORDER FOR A PLYWOOD MILL IN THE ASIA-PACIFIC REGION
RAUTE CORPORATION STOCK EXCHANGE RELEASE 25 JANUARY 2010 at 1:15 p.m.
RAUTE TO RECEIVE A SIGNIFICANT ORDER FOR A PLYWOOD MILL IN THE ASIA-PACIFIC
REGION
Raute Corporation has received a significant order comprising almost all
production lines for a plywood mill in the Asia-Pacific region. The customer is
a well-established plywood producing company. The machinery deliveries will take
place from June to September 2010 and the start-up of the mill by summer 2011.
The customer doesn't want to publish more detailed information on the project at
this point. The value of similar mill-scale machinery deliveries made by Raute
typically exceeds EUR 15 million.
The received order improves Raute's order book and reduces the need for
adaptation measures in the machine design and production of the Nastola plant
during 2010. Despite this received order Raute's order book is not at a level to
maintain normal workload, which means that adaptation measures must be continued
due to productional and financial reasons. As a whole the market situation of
Raute's customer industries hasn't yet returned to a normal level. The demand
for productional investments and services in the wood products industry is still
at a lower level than normally.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560,
mobile +358 400 814 148
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile +358 400
710 387
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd, main media, www.raute.com
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 one
of the world's leading suppliers of mill-scale projects to these customer
industries. The total service concept also includes technology services, with
which Raute supports its customers throughout the entire life cycle of their
investments. 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 Jyväskylä and Kajaani, Finland. Net sales in 2008
were EUR 98.5 million and the number of personnel 573. More information on the
company can be found at www.raute.com.