STEICO Aktiengesellschaft / Contract 29.05.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- STEICO becomes sole European distributor for laminated veneer lumber (LVL) for MLT LLC - Contract concluded with Modern Lumber Technologies LLC (Taleon Industries), a leading Russian wood processing company - Broad range of applications in wood construction opens up attractive markets - Addition to STEICO's product range and use of existing sales organization Feldkirchen (Munich), May 29, 2008 - STEICO AG, listed on Frankfurt Stock Exchange's Entry Standard, has become the sole European distributor for laminated veneer lumber (LVL) for Modern Lumber Technologies LLC (MLT), based in St. Petersburg, Russia. This company, which belongs to Taleon Industries, is currently building the world's most modern production facility for laminated veneer lumber in Russia, with an annual capacity of 250,000 m³. This facility is scheduled to go live in the third quarter of 2008. The distribution agreement grants STEICO AG exclusive, unlimited distribution rights for the entire Western and Central European region. Laminated veneer lumber can be used in various construction jobs and is offered as beams, trusses, planks and boards. The material is very stable and can also bear great loads and cover large spans. This means that laminated veneer lumber is particularly suitable for demanding, heavy duty building projects, for example as main beams or bracing ceiling and roof panels. The sale of laminated veneer lumber will add another key element to STEICO's own construction system and will penetrate additional attractive markets. STEICO AG's Managing Board believes that the sale of LVL will make a significant contribution to revenues and earnings from 2009, in particular as the existing European sales organization can be used and because STEICO does not have to invest in any plant or equipment. STEICO has increased its product range, which is unique in the industry, by adding laminated veneer lumber, thus reinforcing its position as a system provider for ecological construction products. In addition, STEICO and MLT plan to further intensify their cooperation in future. Company profile: The STEICO group of companies develops, produces and sells ecological construction products made of renewable materials. The company leads the European market for wood-fiber insulation materials with a market share of more than 40 percent STEICO is a pioneer for the environment with a large bandwidth of FSC® and natureplus® certified products. The company enjoys competitive advantages as a result of the effective cost structure at its three European production facilities and its intense research and development work. The Group's new products 'Hemp insulation materials' and 'I-joists' as construction elements for residential construction mean that it has positioned itself as a system provider for ecological and particularly energy-efficient construction products. The production of natural fiber boards (NFB) as components for the I-joists rounds off STEICO's vertical integration, which is unique within the industry. The Munich-based company's products are successfully used in home building for floors, walls, ceilings and roofs. The STEICO Group plans to continue the growth it has enjoyed in the past few years thanks to its clear strategic orientation. The strategic plans focus on existing and new products, including for new customers. The funds from the IPO in June 2007 have enabled the company to further bolster the Group's excellent quality as well as to drive its internationalization. Contact: Andreas Schulze STEICO Aktiengesellschaft Hans-Riedl-Strasse 21 85622 Feldkirchen Fon: +49-(0)89-99 15 51-48 Fax: +49-(0)89-99 15 51-97 E-Mail: schulze@steico.com www.steico.com DGAP 29.05.2008 --------------------------------------------------------------------------- Language: English Issuer: STEICO Aktiengesellschaft Hans-Riedl-Str. 21 85622 Feldkirchen Deutschland Phone: +49 - (0)89 - 99 15 51 - 0 Fax: +49 - (0)89 - 99 15 51 - 99 E-mail: info@steico.com Internet: http://www.steico.com ISIN: DE000A0LR936 WKN: A0LR93 Listed: Freiverkehr in Berlin, Düsseldorf, München; Entry Standard in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: STEICO Aktiengesellschaft: STEICO becomes sole European distributor for laminated veneer lumber (LVL)
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