Plc Uutechnic Group Oyj - Company Announcement

AP-TELA OY, A SUBSIDIARY OF UUTECHNIC GROUP, STARTS CO-DETERMINATION NEGOTIATIONS

Helsinki, Finland, 2016-12-27 15:30 CET (GLOBE NEWSWIRE) -- PLC UUTECHNIC GROUP
OYJ STOCK EXCHANGE BULLETIN DECEMBER 27, 2016 at 16:30 

AP-TELA OY, A SUBSIDIARY OF UUTECHNIC GROUP, STARTS CO-DETERMINATION
NEGOTIATIONS 

AP-Tela Oy, a subsidiary of Uutechnic Group, starts co-determination
negotiations according to co-operation act of Finland. The negotiations are
based on the restructuring of operations and on the financial and productive
reasons of the company. Negotiations concern entire personnel. Possible
terminations of employment contracts concern less than 10 persons and possible
temporarily lay-offs will last less than 90 days. AP-Tela Oy has 44 employee. 

In Uusikaupunki December 27, 2016



PLC UUTECHNIC GROUP OYJ

Board of Directors



Uutechnic Group is focused on improving the competitiveness of its customers by
providing them advanced equipment technology and unique service concept
worldwide. The product range includes agitators, different types of pressure
vessels, process- and storage tanks, reactors and heat exchangers. Additionally
different types of long welded and machined axially symmetrical parts as rolls,
cylinders, tubes and cones. 

The main industries are hydrometallurgy, mining-, pulp and paper-, food-,
fertilizer-, other chemical industries and environmental technology. 

Plc Uutechnic Group’s subsidiaries are AP-Tela Oy, Japrotek Oy Ab, Uutechnic Oy
and Stelzer Rührtechnik International GmbH. 


         Information:
         Martti Heikkilä, CEO, Plc Uutechnic Group Oyj  +358 40 543 1324