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2007-10-26 14:35:00 CEST 2007-10-26 14:35:00 CEST REGULATED INFORMATION Rautaruukki - Company AnnouncementPRODUCTION BACK TO NORMAL AT RAUTARUUKKI'S RAAHE WORKSRautaruukki Oyj Stock exchange release 26 October 2007 at 15.35 PRODUCTION BACK TO NORMAL AT RAUTARUUKKI'S RAAHE WORKS An end to the strike by members of the Union of Salaried Employees has resulted in an immediate start-up of the units affected by the strike at Rautaruukki's Raahe Works in Finland. Production is expected to be back to normal by tomorrow morning. Deliveries to customers will also begin immediately on Saturday. The strike by members of the Union of Salaried Employees stopped hot-rolling production and the cutting lines at the Raahe Steel Works. This resulted in the stoppage of product manufacture at the works as well as deliveries to customers and products for further processing by the company. The strike did not significantly affect the operations of Rautaruukki's customer divisions. Separate information will be provided about the financial effects of the industrial action on the company as these become known once production has returned to normal. Further information is available from: Mikko Hietanen, CFO, tel. +358 20 592 9030 Rautaruukki Oyj Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,500 people. Net sales in 2006 totalled EUR 3.7 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com |
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