Raute - Company Announcement

Raute received orders worth EUR 19 million to Estonia

Lahti, Finland, 2016-11-09 10:45 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 9 NOVEMBER 2016 at 11:45 a.m. 


RAUTE RECEIVED ORDERS WORTH EUR 19 MILLION TO ESTONIA

Raute Corporation has received orders worth approximately EUR 19 million from
Metsä Wood, the Wood Products Business Area of Metsä Group. The orders consist
of machine lines to be delivered for a plywood mill to be set up by Metsä Wood
in Estonia and services related to the installation and commissioning of the
lines. The machine lines will be delivered and the installation and
commissioning of the plywood mill will start at the beginning of the year 2018. 

The cooperation between Raute and Metsä Wood has continued for a long period
and the production processes in Metsä Wood's plywood and LVL mills have mostly
been implemented by machinery and equipment delivered by Raute. Raute and Metsä
Wood also have wide cooperation in the maintenance and development of the
production processes. Raute's strong expertise in the entire production
processes of LVL and plywood can be seen in the wide scope of orders received
by Raute.  Raute's previous successfully completed deliveries to Metsä Wood and
other operators in the plywood industries were the convincing factors,
resulting in Raute to receive the orders. 

The order now received by Raute is related to the investment program resolved
and disclosed by Metsä Group on June 8, 2016. As a part of the investment
program Raute has previously received orders worth altogether some EUR 25
million for an LVL production line and machinery and equipment for a birch
veneer production line to Finland. These orders became effective at the end of
July. 

The present order worth EUR 19 million has no impact on Raute's previously
disclosed outlook for 2016. Raute’s net sales and operating profit for 2016 are
expected to remain at the same level as in 2015. 


RAUTE CORPORATION
Tapani Kiiski
President and CEO


FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation, mobile phone +358 400
814 148 

DISTRIBUTION:
Nasdaq 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 customer’s 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 the Nastola area of Lahti, Finland. Its other production plants are
in Kajaani, Finland, the Vancouver area of Canada and in the Shanghai area of
China. Raute’s net sales in 2015 were EUR 127.3 million. The Group’s headcount
at the end of 2015 was 646. 

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