5-million euro sandwich panel line order won by Formia and destined for Ruukki in Romania

Formia Technology Group Oy and Ruukki Romania S.R.L. signed a supply contract worth approximately 5 million euros for a sandwich panel line to be delivered to Ruukki’s Giurgiu factory. This order includes the entire delivery of the line, which makes sandwich panels utilizing polyurethane and mineral wool as insulation materials. The sandwich panel line concerned is due to become operational in Romania at the beginning of March 2008.

Ruukki is currently building a new manufacturing facility which will make components and systems for steel construction in Romania. The facility’s profiling and steel-frame lines will be launched in September 2007 and the sandwich panel line is intended to begin operating during the first quarter of 2008. For the factory concerned, the maximum annual capacity of the sandwich panel line being delivered will be 1,500,000 square metres of ready-made sandwich panel. This new supply contract is the largest single order in the history of Formia. Winning the order bears testimony to Formia’s rapidly consolidating position as a technology supplier of factory-wide complete units for steel construction machines and equipment. This order has significantly lengthened Formia’s order book for 2007, greatly brightening the company’s prospects for 2007 and 2008.

ADDITIONAL INFORMATION: Jorma Kinnunen, CTO and Jukka Salminen, Chairman of the Board

FORMIA IN BRIEF: Formia is an internationally operating comprehensive supplier of machines used by the construction industry (roofs, walls, frames and sandwich panels) as well as sheet metal and machine shop solutions utilized in engineering (component, module and system deliveries). Formia’s proforma turnover was 12.5 MEUR in 2006, and there are 100 sheet metal specialists in the company’s employ. Formia’s product manufacturing facilities are located in Jyväskylä and Seinäjoki (Finland). Formia also has manufacturing operations in Shaoxing China and a maintenance unit in Moscow.

RUUKKI IN BRIEF: Rautaruukki PLC supplies metal-based components, systems and comprehensive deliveries for construction and engineering. In metal products, the company has a broad product and service selection. The company has operations in 23 countries and personnel totalling 13,000. Turnover in 2006 reached 3.7 billion euros. The company’s shares are quoted on the Helsinki Stock Exchange (Rautaruukki PLC: RTRKS). As of 2004, the company has used the marketing name Ruukki. www.ruukki.com