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2008-04-02 08:00:00 CEST 2008-04-02 08:00:01 CEST BIRTINGARSKYLDAR UPPLÝSNINGAR Rautaruukki - Company AnnouncementRAUTARUUKKI TO INCREASE DELIVERY CAPACITY OF SPECIAL PRODUCTS TO ENGINEERING CUSTOMERSRautaruukki Oyj Stock Exchange Release 2 April 2008 at 9.00 RAUTARUUKKI TO INCREASE DELIVERY CAPACITY OF SPECIAL PRODUCTS TO ENGINEERING CUSTOMERS Rautaruukki is to further enhance delivery capacity of special products for demanding industrial sectors through deployment of a new cut-to-length line at the Raahe Works in Finland. The new line will particularly serve engineering industry customers who use cut-length sheets in lifting, handling and loading equipment. The investment is worth a total of around EUR 23 million. The new line will significantly increase the cutting capacity of hot-rolled sheets. The line will have a capacity of around 200,000 tonnes a year, which is equivalent to the steel required to make 60,000 truck platforms or 150,000 excavator buckets. - We aim to increase the share of special products to 40 per cent of Ruukki Metals' net sales by the end of 2010. The project will enable us to deliver cut-lengths of more consistent quality to customers. The new line will also make our supply chain easier to manage and improve design opportunities, says Olavi Huhtala, President, Ruukki Metals. The investment will also support Ruukki's aim of becoming Europe's leading provider of metal-based solutions for customers in construction and in the lifting, handling and transportation equipment industry. The new line will be supplied by Sundwig, member of Andritz Group, and come on stream by the end of 2009. For further information, please contact: Olavi Huhtala, President, Ruukki Metals, tel. +358 20 5929 157 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,600 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com |
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