Raute - Company Announcement

Raute received orders valued at over EUR 50 million from Chile

Nastola, Finland, 2012-02-10 08:45 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE February 10, 2012 at 9:45 a.m. 


RAUTE RECEIVED ORDERS VALUED AT OVER EUR 50 MILLION FROM CHILE

Raute Corporation has received orders valued at over EUR 50 million from
Paneles Arauco S.A. in Chile for plywood mill machinery and equipment. The
machinery and equipment will be delivered mainly during the last part of the
year 2012 for rebuilding the Nueva Aldea plywood mill which was destroyed in a
fire in the beginning of January. 

The orders comprise, among others, two state-of-the-art veneer peeling lines,
three drying lines equipped with latest machine vision and moisture meter
technology, four automatic plywood gluing and lay-up lines, three plywood
presses, an automatic veneer patching line together with three automatic veneer
puttying lines and the mill's production management system. 

Arauco plans to rebuild the destroyed mill as soon as possible. The annual
production capacity of the new mill will be 350,000 cubic meters high-quality
plywood to be produced of radiata pine. 

These orders, being the biggest in Raute's history, are a proof of Raute's
versatile expertise. Starting a project of this extent in a couple of weeks
after the fire is a unique achievement, which is based on the long cooperation,
established relationship and mutual confidence between Arauco and Raute. 

The machinery and equipment will be manufactured at Raute's production plants
in Nastola, Shanghai and Kajaani and by its partner network. 

These orders have a significant impact on Raute's outlook for 2012. Raute will
publish its estimate of 2012 outlook in the financial statements bulletin to be
published on February 14, 2012. 


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 

DISTRIBUTION:
NASDAQ OMX 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 and LVL (Laminated Veneer Lumber). The technology
offering covers machinery and equipment for the entire production process. 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
services ranging from spare parts deliveries to regular maintenance and
equipment modernizations. Raute's head office is located in Nastola, Finland.
Its other production plants are in the Vancouver area of Canada, in the
Shanghai area of China, and in Kajaani, Finland. Raute's net sales in 2010 were
EUR 62.9 million. The Group's headcount at the end of 2010 was 495. 

More information on the company can be found at: www.raute.com