Raute - Company Announcement

Raute received an order worth over EUR 8 million to Poland

Nastola, Finland, 2014-06-06 14:30 CEST (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE JUNE 6, 2014 at 3:30 p.m. 


RAUTE RECEIVED AN ORDER WORTH OVER EUR 8 MILLION TO POLAND

Raute Corporation has received an order worth over EUR 8 million from the
company Paged Sklejka S.A. in Poland. The ordered equipment will be delivered
to a new softwood plywood mill to be built beside Paged's plywood mill in
Morag, Poland. The order comprises a peeling line and a drying line. The
equipment represents the latest technology in its field and is the first phase
of the project through which Paged will broaden out its offering to softwood
plywood. Poland abounds in good-quality pine which is suitable for the
production of softwood plywood. Being the leading technology supplier and the
long-term customer relationship were the convincing factors resulting in Raute
to get the deal. 

Paged Sklejka S.A. is the biggest plywood producer in Poland with plywood
mills, in addition to Morag, in Pisz and Elk. At present, Paged's offering
consists of hardwood plywood, mostly of birch plywood. 

The equipment will be delivered during 2014. The present deal has no impact on
Raute's outlook for 2014. Raute's net sales will grow and the operating profit
will improve from the year 2013. 


RAUTE COPRORATION
Tapani Kiiski
President and CEO


FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, 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
technology 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 2013
were EUR 83.3 million. The Group's headcount at the end of 2013 was 534. 

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