Raute - Company Announcement

Raute received orders worth EUR 25 million to Finland

Lahti, Finland, 2016-07-20 13:30 CEST (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 20 JULY 2016 at 2:30 p.m. 


RAUTE RECEIVED ORDERS WORTH EUR 25 MILLION TO FINLAND

Raute Corporation has received orders worth approximately EUR 25 million from
Metsä Wood, the Wood Products Business Area of Metsä Group. The orders are
related to the investment program resolved and disclosed by Metsä Group on June
8, 2016. 

The orders now received by Raute consist of a Laminated Veneer Lumber (LVL)
production line to be delivered to the Metsä Wood's LVL mill in Lohja, and
machinery and equipment for a birch veneer production plant to be set up in
Äänekoski. Installation and commissioning of the new LVL line in Lohja will
start during the first quarter of 2017, and installation and commissioning of
the birch plywood production line in Äänekoski will start during the fourth
quarter of 2017. 

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 LVL and plywood industries were the convincing factors,
resulting in Raute to receive the orders. 

Negotiations and planning of projects concerning other parts of the projects
disclosed by Metsä Group on June 8 continue actively. 

The present orders worth EUR 25 million have no impact on Raute's previously
disclosed outlook for 2016. Based on the existing order book and the prevalent
market situation, 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 
Potential call requests to Mr. Tapani Kiiski through: Eija Salminen, Group
Executive Assistant, tel. +358 50 3801517 


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