2007-10-30 07:01:55 CET

2007-10-30 07:01:55 CET


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Neomarkka - Company Announcement

NEOMARKKA IS INVESTING IN COMMUNICTION-CABLE PRODUCTION IN FINLAND


Neomarkka Plc	STOCK EXCHANGE RELEASE October 30, 2007	                          


NEOMARKKA IS INVESTING IN COMMUNICTION-CABLE PRODUCTION IN FINLAND

Neomarkka Plc is investing in communication-cable production in Finland through 
its subsidiary. Neomarkka Group (“Neomarkka”) is purchasing shares in Nestor    
Cables Oy, a cable-producing company established in Oulu. Besides Neomarkka,    
Vaasa Industrial Invest Oy and the company's management will also have a share  
in Nestor Cables. Neomarkka will own 30% of Nestor Cables Oy.                   

Nestor Cable Oy's plant will be situated in Oulu and its sales office in Espoo. 
Nestor Cables will provide customers with a Finnish alternative, utilizing the  
strong communication-cable expertise that has developed in the Oulu area. In    
addition to Finnish operations, the new company will be exporting to the Baltic 
region and Sweden. The new plant will exploit the leading technology in the     
sector, producing fibre and copper-cable products for the construction of       
telecommunications networks and instrumentation cables for industrial           
automation.                                                                     

Profitability of the operations will be ensured by concentrating on the needs of
Finnish customers and constructing from the outset a modern, efficient          
production plant, flexible organization and a service/production process        
according to customers' needs. Customers have shown exceptionally strong        
interest in this project.                                                       

“We see this investment as an opportunity to continue an industrial sector that 
has long-standing traditions in Finland. We believe in Finnish know-how and we  
are willing to invest heavily also in Finland, as our actions show. This project
fits in well with our target of profitable growth,” says Neomarkka's Managing   
Director Markku E. Rentto. Installation of the machinery starts immediately and 
production will begin in spring 2008.                                           


Neomarkka Plc                                                                   



Sari Tulander                                                                   
CFO                                                                             

FURTHER INFORMATION:                                                            
Managing Director Markku E. Rentto tel. +358 207 209 191                        

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OMX Nordic Exchange, Helsinki                                                   
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www.neomarkka.fi