Raute endorses an engineering contract for Russian plywood mill

Published on : Thursday, August 8, 2019

Raute has received a binding order for the machinery and equipment engineering of the production process for a birch plywood mill planned by a Russian customer.

 

“Raute estimates that the engineering work now ordered will result in an actual order for the production machinery within next few months. Raute will disclose information on the project once the order for the machinery and equipment has entered into force and is binding.” Said Tapani Kiiski, President and CEO of Raute.

 

“The current signed contract has no impact on Raute’s net sales and financial performance forecasts for 2019. Net sales are expected to decrease, and operating profit is expected to weaken from the previous year.” Mr. Kiiski concluded.

 


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