Honkarakenne Oyj
The world’s most modern massive wood house mill opens in Karstula in central Finland
DGAP-News: Honkarakenne Oyj / 26.06.2014 / 12:00 --------------------------------------------------------------------- Honka Group Press Release 26 June 2014 Honka steps up massive wood house production capacity The world's most modern massive wood house mill opens in Karstula in central Finland Honka, the world's most sold massive wood house brand, has launched log production at the new mill in Karstula, Finland. The company's major investment, the new laminated log production line, increases Honka's annual massive wood house production to 1,500 houses. 83,000 massive wood buildings have been sold under the Honka(R) trademark to more than 50 countries since 1958. The new production line was inaugurated by MP Sinuhe Wallinheimo. One of the biggest mill investments in the house package industry in recent years was motivated by Honka's decision last year to focus massive wood house production at Karstula, where the company began log house production in the 1970s. 'Together with the municipality of Karstula, we have invested EUR 10 million to automatise production and quality inspection. This investment ensures that Honka houses are produced with the high quality associated with the brand,' says President and CEO Mikko Kilpeläinen. Strong modernisation of production is Honka's answer to the growing demand for massive wood houses. 'Honka has made great investments in the markets of new export countries, such as China. In Finland, the ready to move in Honka Terve Talo certified by VTT Technical Research Centre of Finland has just been launched. Developed together with the Allergy and Asthma Federation, the materials used in Honka Terve Talo(TM) meet the needs of families suffering from allergies and those valuing ecological and sustainable consumption,' says Mikko Kilpeläinen about why the investment was made. Honka's praised architectural looks are made possible by Honka's unique non-settling laminated log. Honka is the only manufacturer of non-settling laminated logs in the world. Further information: Honka Group Mikko Kilpeläinen, President and CEO, tel. +358 50 542 5884, mikko.kilpelainen@honka.com Requests for images: Anna Kilpinen, tel. +358 40 838 3682, anna.kilpinen@honka.com Honkarakenne Oyj is the world's leading manufacturer and marketer of genuine massive wood buildings under the Honka(R) trademark. The Honka product range emphasizes the well-being of living, innovative construction solutions and energy efficiency. It includes residential and vacation homes as well as large-scale projects, such as hotels, restaurants and holiday villages. Over 80,000 Honka products have been sold to more than 50 countries since 1958. In 2013, the Group's turnover totalled EUR 48 million, of which exports accounted for 58%. Honkarakenne Plc. series B shares are listed on NASDAQ OMX Helsinki Ltd. www.honka.com Facts Honkarakenne Oyj's new production hall, finger-jointing and gluing line, or production of laminated log semi-finished products Year of construction: 2014 Inaugurated on: 26 June 2014 Floor space of production hall: 4,376 sqm Building owner of production hall: Municipality of Karstula Hall production line: Finger-jointing and blank production for Honka's laminated logs Equipment supplier: Ledinek, Slovenia Production capacity: 100−150 cubic metres/shift Total investment value: EUR 10 million The project is part-funded by the European Union Regional Development Fund. News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 26.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Honkarakenne Oyj Finland ISIN: FI0009900104 End of News DGAP News-Service --------------------------------------------------------------------- 275353 26.06.2014
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