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2009-12-10 12:20:00 CET 2009-12-10 12:20:02 CET REGULATED INFORMATION Raute - Company AnnouncementRAUTE TO RECEIVE AN EUR 12 MILLION ORDER FOR A PLYWOOD MILL IN RUSSIARAUTE CORPORATION STOCK EXCHANGE RELEASE 10 DECEMBER 2009 at 1:20 p.m. RAUTE TO RECEIVE AN EUR 12 MILLION ORDER FOR A PLYWOOD MILL IN RUSSIA Raute Corporation has received an order worth approx. EUR 12 million from the Russian company Brjanskij Fanernyi Kombinat. The order comprises all production lines for a plywood mill. The machinery deliveries to Russia will take place in summer 2010 and the start-up of the mill will take place during autumn 2010. Brjanskij Fanernyi Kombinat is a well-established, relatively small Russian plywood producer with production operations in Brjanskij, in the South-West of Russia. The machinery now ordered will be placed in a new mill with an annual production capacity of 40 000 m3 of overlaid birch plywood. The mill will produce 4x8 ft and 5x10 ft plywood by Western production standards. The received order improves Raute's order book but has no impact on the net sales and operating profit for 2009. Because of the very low declined order book, the order will only have minor, short-term mitigating effect on the ongoing adaptation measures. Despite this single received order the market situation as a whole is still challenging. 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. |
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