Raute - Company Announcement

Raute received orders worth almost EUR 32 million to Russia

Lahti, Finland, 2016-08-24 09:21 CEST (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 24 AUGUST 2016 at 10:15 a.m. 


RAUTE RECEIVED ORDERS WORTH ALMOST EUR 32 MILLION TO RUSSIA

Raute Corporation has received orders worth almost EUR 32 million for the
expansion of Vyatskiy Fanernyi Kombinat 's mill in the Kirov region in Russia.
The order was closed with an Italian company Carmac Group srl which is the EPC
contractor in this project. Vyatskiy Fanernyi Kombinat has a birch plywood mill
in the Kirov region for which the entire production process was delivered by
Raute in 2006. 

The present order received by Raute includes the entire production process of a
birch plywood mill: log handling, two veneer peeling lines, two veneer drying
lines, two veneer composing lines, automatic veneer patching line, two plywood
lay-up and pressing lines, plywood edge cutting, puttying and overlaying lines.
The order also includes an automatic veneer patching line and an overlaying
line to Vyatskiy's present mill. The deliveries of the machinery and equipment
for the new mill are scheduled for the second quarter of 2017 to be followed by
the machinery deliveries to the present mill. The equipment will be engineered
and produced in Raute's units in Nastola, Shanghai and Kajaani. 

The cooperation between Vyatskiy Fanernyi Kombinat and Raute has continued for
a decade since setting up the company's first mill. The present order results
from the growth strategy initiated by the new owner. Raute's strong expertise
in the entire production process of plywood production can be seen in the scope
of the delivery. Lessons learnt from the previous deliveries and Raute's
presence in the Russian market also had an influence when selecting the
supplier. 

The present new order has no impact on Raute's outlook for 2016. Raute's net
sales and operating profit will be on the same level as in 2015. 


RAUTE CORPORATION
Tapani Kiiski
President and CEO


FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, mobile +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 about the company can be found at www.raute.com.