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2017-10-24 07:18:41 CEST 2017-10-24 07:18:41 CEST BIRTINGARSKYLDAR UPPLÝSNINGAR Raute - Inside informationRaute received an order of over EUR 21 millionRAUTE CORPORATION STOCK EXCHANGE RELEASE 24 October, 2017 at 8:15 a.m.
Raute Corporation has received orders worth over EUR 21 million for the machinery and equipment for the expansion of UPM Plywood’s mill in Chudovo, Russia. The scope of delivery includes the main machinery and equipment of the plywood manufacturing process: veneer peeling, drying, composing and patching lines, and also plywood lay-up, pressing and overlaying lines. The deal also includes machine vision and moisture analyzers. The deliveries will take place during the autumn 2018 and production with the new lines will start during the year 2019. The machinery and equipment will be manufactured at Raute's Nastola and Kajaani plants. UPM Plywood is the leading plywood manufacturer in Europe with production, in addition to Finland, in Estonia and Russia. The machinery and equipment ordered from Raute are a part of the Chudovo mill investment program, through which the annual capacity of the mill will be increased up to 155,000 cubic meters. The present new order has no impact on Raute's outlook for 2017, but it will strengthen the order book for 2018. Raute's net sales will grow clearly and operating profit will improve clearly over the levels of 2016.
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