Raute Corporation has received orders worth approximately EUR 25 million from Metsä Wood, the Wood Products Business Area of Metsä Group. The orders are related to the investment program resolved and disclosed by Metsä Group on June 8, 2016.
The orders now received by Raute consist of a Laminated Veneer Lumber (LVL) production line to be delivered to the Metsä Wood's LVL mill in Lohja, and machinery and equipment for a birch veneer production plant to be set up in Äänekoski. Installation and commissioning of the new LVL line in Lohja will start during the first quarter of 2017, and installation and commissioning of the birch plywood production line in Äänekoski will start during the fourth quarter of 2017.
The cooperation between Raute and Metsä Wood has continued for a long period and the production processes in Metsä Wood's plywood and LVL mills have mostly been implemented by machinery and equipment delivered by Raute. Raute and Metsä Wood also have wide cooperation in the maintenance and development of the production processes.
Negotiations and planning of projects concerning other parts of the projects disclosed by Metsä Group on June 8 continue actively.
The present orders worth EUR 25 million have no impact on Raute's previously disclosed outlook for 2016. Based on the existing order book and the prevalent market situation, Raute's net sales and operating profit for 2016 are expected to remain at the same level as in 2015.