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 and Latvijas Finieris have concluded sales contracts worth about EUR 8.5 million in total. The orders comprise of new machinery and lines as well as modernizations of existing lines at Latvijas Finieris' different mills in Latvia and Lithuania.

"AS Latvijas Finieris investments on modernizations are aimed to achieve a higher quality scores in existing mills and to initiate a project for a new mill in West of Latvia. Latvijas Finieris has good experiences with the long-term partnership with Raute. We appreciete Raute's technology and service offering as the leading one for birch plywood processing", says Janis Ciems, the CEO of Latvijas Finieris.

"The whole of machinery sold reflects Latvijas Finieris' willingness and ability to develop their own mills and is a result of the good and deep cooperation between Latvijas Finieris and Raute. Raute's comprehensive services and diversified product offering create an opportunity to develop the mills delivered by Raute and create added value and competitive advantage to the customer in their own business", says Timo Kangas, Group Vice President, EMEA of Raute Corporation. Latvijas Finieris is one of the leading birch plywood producers. It has production facilities in all Baltic countries and is headquartered in Riga, Latvia.

Latvijas Finieris' wide variety of products is sold all over the world under the trade mark "Riga". More information about Latvijas Finieris can be found at www.finieris.com.

Raute is a technology and service company that operates worldwide. Raute's customers are companies operating in the wood products industry that manufacture veneer, plywood and LVL (Laminated Veneer Lumber). The technology offering covers machinery and equipment for the entire production process. As a supplier of mill-scale projects Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute's full-service concept includes services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute's head office is located in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Kajaani, Finland. Raute's net sales in 2013 were EUR 83.3 million. The Group's headcount at the end of 2013 was 534. More information about the company can be found at www.raute.com.

Source: Raute

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