For a veneer plywood mill expansion, Raute received a new order worth Eur 31 million from Kohila Vineer Ou, a company of Latvijas Finieris Group– improving its profit outlook.

Raute's long-term cooperation with AS Latvijas Finieris AS has brought significant machinery and equipment orders to Raute for the development of Latvijas Finieris' different mills.

Raute's profit outlook for the full year 2013 has weakened. Net sales are estimated to decline from the year 2012.

Raute Corporation, wood industry machinery manufacturer, will publish its Interim Report for January 1 – June 30, 2013 (6 months) on Tuesday, July 30, 2013 at about 9 a.m. Finnish time. .

Veneer Services will now offer Raute's technology to hardwood veneer and plywood producers in the U.S. and Canada.

Raute Corp. has entered into an agency agreement with Veneer Services LLC of Indianapolis, IN, USA. Veneer Services will offer Raute's technology to hardwood veneer and plywood producers in the USA and Canada.