|
|||
2009-10-26 14:01:00 CET 2009-10-26 14:01:02 CET REGULATED INFORMATION Raute - Company AnnouncementRAUTE TO ADAPT THE GROUP'S OPERATIONSRAUTE CORPORATION STOCK EXCHANGE RELEASE 26 OCTOBER 2009 at 3:00 p.m. RAUTE TO ADAPT THE GROUP'S OPERATIONS Raute Corporation's Board of Directors has October 26, 2009 decided on adaptation measures concerning Group operations. Around EUR 0.8 million in provisions related to adaptation measures for developing the organization and its operations are estimated to be recognized in the last quarter of 2009. The most significant changes concern the development of Raute's North American operations to correspond with the present market situation as well as future growth and development opportunities. The company has decided to sell the facilities of its Canadian unit and transfer it to new facilities, as well as to modernize its production. RAUTE CORPORATION Tapani Kiiski President and CEO FURTHER INFORMATION: Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560, mobile +358 400 814 148 Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile +358 400 710 387 DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company is one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. Raute's head office and main production plant are in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2008 were EUR 98.5 million and the number of personnel 573. More information on the company can be found at www.raute.com. |
|||
|