Rautaruukki
RAUTARUUKKI TO EXPAND OPERATIONS IN RUSSIA WITH NEW STEEL SERVICE CENTRE
Rautaruukki / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rautaruukki Oyj Stock Exchange Release 23 April 2008 at 9.10 RAUTARUUKKI TO EXPAND OPERATIONS IN RUSSIA WITH NEW STEEL SERVICE CENTRE Rautaruukki is to expand its operations in Russia and build a steel service centre next to its production plant in the city of Obninsk, to the southwest of Moscow. The EUR 13 million investment will strengthen Ruukki's position in Russia, broaden the product range and service capability from construction to increasingly encompass the engineering industry. Ruukki has over 2,000 employees in Russia, with around 1,800 in Obninsk. Ruukki has had a strong presence on the Russian steel construction market since 2006, when it acquired Ventall, Russia's leading supplier of steel frames and sandwich panels. The new steel service centre will begin operations in late 2009 and provide laser and plasma cutting, as well as edging services especially for engineering industry customers in Central Russia, Moscow and the Kaluga region. During the construction phase, Ruukki will make use of its existing production facilities and machinery in Obninsk to provide wear-resistant and high-strength structural steels and related services. -The Obninsk service centre will especially serve the lifting, handling and transportation equipment industry. Using Ruukki's parts processing services, customers will be able to focus on their core business and product assembly. The benefits are clear: more efficient customer production process, no need to invest in parts processing, faster market entry and improved end-product quality, lists Olavi Huhtala, President, Ruukki Metals. In Russia, Ruukki has a service centre also in Parnas, St Petersburg. In addition to Moscow and St Petersburg, Ruukki has sales operations in many growth centres in Russia. For more information, please contact: Olavi Huhtala, President, Ruukki Metals, tel. +358 20 592 9157 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,600 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com 25.04.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden