Nastola, Finland, 2011-12-16 08:00 CET (GLOBE NEWSWIRE) --
RAUTE CORPORATION STOCK EXCHANGE RELEASE December 16, 2011 at 9:00 a.m.
RAUTE TO HAVE OVER EUR 16 MILLION IN ORDERS FROM CHILE
Raute Corporation has received orders worth over EUR 16 million from CMPC Maderas S.A. in Chile for plywood mill equipment. The orders comprise, among others, a state-of-the-art veneer peeling line as well as two full-automatic plywood gluing and pressing lines.
The machinery and equipment will be delivered for the expansion of CMPC's plywood mill in Mininco which was started four years ago. Raute was the main supplier also in the first phase of the mill. CMPC's target is to double the production capacity of the Mininco plywood mill up to 500,000 cubic metres annually, which would mean this mill to be one of the largest plywood mills in the world.
Raute's strong expertise in plywood production can be seen in the scope of the delivery. The projects previously successfully completed by Raute, state-of- the art technology improving cost efficiency, as well as local service were decisive for choosing Raute as the machine supplier.
CMPC is one of the largest forest industry companies in South America. CMPC uses pine as raw material for plywood. Pine is mainly gathered from the company's own plantation forests.
These orders will not have an impact on Raute's outlook for 2011. Net sales will increase from the year 2010. The operating result is estimated to remain at the break-even level or be somewhat in the negative.
Raute Corporation will publish its financial statements for 2011 on Tuesday, February 14, 2012.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, tel. +358 3 829 3560, mobile +358 400 814148
DISTRIBUTION:
NASDAQ OMX 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 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 services ranging from repairs and spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Kajaani, Finland. Raute’s net sales in 2010 were EUR 62.9 million. The Group’s headcount at the end of 2010 was 495.
More information on the company can be found at: www.raute.com