Arauco places €50M order with Finland's Raute for machinery to rebuild fire-struck Nueva Aldea plywood mill in Chile; capacity of new mill will be 350,000 m3/year of radiata pine plywood

NASTOLA, Finland , February 10, 2012 (press release) – RAUTE RECEIVED ORDERS VALUED AT OVER EUR 50 MILLION FROM CHILE

Raute Corporation has received orders valued at over EUR 50 million from Paneles Arauco S.A. in Chile for plywood mill machinery and equipment. The machinery and equipment will be delivered mainly during the last part of the year 2012 for rebuilding the Nueva Aldea plywood mill which was destroyed in a fire in the beginning of January.

The orders comprise, among others, two state-of-the-art veneer peeling lines, three drying lines equipped with latest machine vision and moisture meter technology, four automatic plywood gluing and lay-up lines, three plywood presses, an automatic veneer patching line together with three automatic veneer puttying lines and the mill's production management system.

Arauco plans to rebuild the destroyed mill as soon as possible. The annual production capacity of the new mill will be 350,000 cubic meters high-quality plywood to be produced of radiata pine.

These orders, being the biggest in Raute's history, are a proof of Raute's versatile expertise. Starting a project of this extent in a couple of weeks after the fire is a unique achievement, which is based on the long cooperation, established relationship and mutual confidence between Arauco and Raute.

The machinery and equipment will be manufactured at Raute's production plants in Nastola, Shanghai and Kajaani and by its partner network.

These orders have a significant impact on Raute's outlook for 2012. Raute will publish its estimate of 2012 outlook in the financial statements bulletin to be published on February 14, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.