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2010-06-17 08:00:00 CEST 2010-06-17 08:00:02 CEST REGULATED INFORMATION Neomarkka - Company AnnouncementNEOMARKKA NEGOTIATES POSSIBLE INVESTMENT IN SPECIALTY CELLULOSE FIBRE BUSINESSNEOMARKKA PLC STOCK EXCHANGE RELEASE 17 June 2010 at 9.00 NEOMARKKA NEGOTIATES POSSIBLE INVESTMENT IN SPECIALTY CELLULOSE FIBRE BUSINESS Neomarkka Plc is considering an investment in a specialty cellulose fibre factory to be re-established in former Kuitu Finland Ltd's facilities in Valkeakoski. Kuitu Finland Ltd was driven into bankruptcy in 2008 when the markets for specialty cellulose fiber products weakened dramatically. The negotiating parties aim to restart the production and exploit the already well known product, know-how of the personnel and existing customer base in textile and non-woven cellulosic fiber for European and United States markets. The restarted production would focus on fire-retardant fiber technology. Fire-retardant fiber is needed in materials used in textiles for interior decorations, vehicles and protective clothing. Market research indicates that demand in fire-retardant fiber is rising because of the tightening regulations on textile and non-woven fabrics' fire safety, especially in United States. This enterprice would bring about 200 new jobs in Valkeakoski. The estimated annual production capacity of the factory is 65,000 tonnes. Neuvottelujen tarkkaa päättymistä on vaikea ennustaa. Neomarkka tiedottaa neuvottelujen lopputuloksesta heti kun ne on saatu päätökseen. It is difficult to estimate when the negotiations will be finalised but Neomarkka will give a press release when any decisions are made. Neomarkka Plc Markku E. Rentto Managing Director FURTHER INFORMATION: Markku E. Rentto, Managing Director, tel. +358 20 720 9191 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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