ROCKWOOL INTERNATIONAL A/S
Hovedgaden 584, Entrance C
DK-2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
Release no. 14 - 2007
To the Copenhagen Stock Exchange
This is a translation of the Danish version.
Only the Danish version is legally binding.
16 November 2007
The Rockwool Group expands further in Russia
The Board of Directors of Rockwool International A/S has today approved the
establishment of a new factory which will significantly expand the Rockwool
Group's production capacity in Russia. The new factory will be placed close to
the city of Kazan in the Volga region, approx. 900 km east of Moscow in the
special economic zone of Alabuga. The Rockwool Group already operates two
factories in Russia, one in the Moscow area and one northeast of St.
Petersburg.
The new factory is expected to be operational in 2010 and will offer a full
building insulation product assortment.
The total costs of the investment are € 125 million and the new factory will
give jobs to 140 employees. The Danish Investment Fund for Central and Eastern
Europe will maintain their actual level of share holding in the Russian
activity.
The Russian construction market is in a positive development and has been the
fastest growing market of the Rockwool Group. In just 7 years, Russia went from
under 1% to 9% of the Group's turnover.
The new Russian factory is part of the Rockwool Group's expansion plan. In
November 2006, the Group announced that five major capacity expansion
investments were considered. In December 2006, a new production line in Poland
was announced, in March 2007 a production line in Canada and in May a new
factory in Ukraine and a new production line in the UK. With the Russian
factory, all five have now been specified.
Further information: Gilles Maria
Chief Financial Officer
Rockwool International A/S
+45 46 56 03 00
