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2011-10-21 13:30:13 CEST 2011-10-21 13:31:12 CEST REGULATED INFORMATION Neomarkka - Company AnnouncementNEW MANAGING DIRECTOR APPOINTED FOR AVILONNEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 21 October, 2011 at 2.30 pm NEW MANAGING DIRECTOR APPOINTED FOR AVILON Part of Neo Industrial's Viscose Fibers industry, Avilon, has appointed a new Managing Director. The new Managing Director of Avilon Ltd is M.Sc. (Econ) Sari Tulander, who also acts as the Chief Financial Officer of Neo Industrial Plc. Heikki Hassi, who has acted as Managing Director since Avilon was founded, will now focus more strongly on research & development operations, e.g. the development and commercialization of the Viscose Fibers industry's technology and specialty products. Hassi continues as Managing Director of Carbatec Ltd that manages the industry's technology portfolio, and will also join Avilon Ltd's Board of Directors. The viscose fiber manufacturing Avilon Ltd is currently undergoing corporate restructuring, and its Valkeakoski-based factory is temporarily shut down. Neo Industrial Plc Markku E. Rentto Managing Director www.neoindustrial.fi Neo Industrial 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 through both dividend flow and an increase in value. Neo Industrial's B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segments are Cable (Reka Cables, Expokabel, Nestor Cables), Viscose Fibers (Avilon) and Single Family Housing (Finndomo). |
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