Raute to supply Russian birch plywood mill

23 August 2019

Raute has received a binding order for the machinery and equipment for a birch plywood mill planned by a Russian customer, according to Lesprom.

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.

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.