STOCK EXCHANGE RELEASE
18 May 2016, at 4 pm (CET + 1)
Kotkamills Group Oyj is pleased to inform that the construction work of the new BM 2 has progressed to the very advanced stage. The co-operation with potential new clients has proved that there is strong interest in consumer board products of Kotkamills Oy, subsidiary of Kotkamills Group Oyj.
As an outcome of the Flying Eagle project a printing paper machine is converted to board machine producing recyclable, repulpable and renewable consumer board products. After shutdown and fast demolition of PM2, the construction work of the new BM 2 started in February at Kotkamills in Kotka, Finland. The intensive project has demanded extensive work from both Kotkamills personnel as well as from external suppliers.
The start-up of the new board machine will take place during July 2016. The earlier target set already in 2015 was last week of June 2016.
Kotkamills Group Oyj
Board of Directors
For additional information, please contact:
CEO Markku Hämäläinen, tel.+358 40 721 0548, firstname.lastname@example.org.
Nasdaq Helsinki Ltd
Kotkamills Group in brief
Kotkamills is a responsible partner that delivers renewable products and high quality performance to its customers' processes via product innovations created from wood, a renewable raw material. Kotkamills' key brands include Absorbex® and Imprex®, both innovative laminating paper products for the laminate and plywood industries. Moreover, Kotkamills also offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. The start-up of the new board machine producing totally recyclable Consumer Board products is due in 2016. www.kotkamills.com
The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Kotkamills Group Oyj in any jurisdiction.