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2010-09-09 15:40:38 CEST 2010-09-09 15:41:23 CEST REGULATED INFORMATION Neomarkka - Company AnnouncementNEOMARKKA ACQUIRES SPECIALTY CELLULOSE FIBRE BUSINESS PRODUCTION FACILITIESNEOMARKKA PLC STOCK EXCHANGE RELEASE 9.9.2010 at 16.40 NEOMARKKA ACQUIRES SPECIALTY CELLULOSE FIBRE BUSINESS PRODUCTION FACILITIES Neomarkka has today signed an agreement to acquire specialty cellulose fibre production facilities in Valkeakoski from Kuitu Finland Ltd's estate of bankruptcy. This arrangement secures the needed production facilities for start up such as property, estate and immaterial rights. Total purchase price is approximately EUR 10 million. In addition, Neomarkka made a long term rental agreement on an area close to the factory where many of the employees live. This arrangement required a approval of the creditors' meeting of Kuitu Finland Ltd's estate of bankruptcy which was given on 8.9.2010. ”This solution with the production facilities enables us now to move on to the operational and new business start up related actions” says Markku E. Rentto, Neomarkka's Managing Director. Neomarkka aims to restart the production still by the end of 2010. The production will focus on fire-retardant fibre technology needed in materials used in textiles for interior decorations, vehicles and protective clothing. This business will bring about 200 new jobs in Valkeakoski. The estimated annual production capacity of the factory is 65,000 tonnes. NEOMARKKA PLC Markku E. Rentto Managing Director Further information Markku E. Rentto, MD, tel. +358 20 720 9191 Claus Carlsen, Director, tel. +358 40 728 8191 www.neomarkka.fi Neomarkka Plc's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought both through dividend flow and an increase in value. Neomarkka's B shares are listed on the NASDAQ OMX Helsinki main market. |
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