3-million euro sandwich panel line order won by Formia and destined for Ruukki in Ukraine

Formia Construction in Jyväskylä, the affiliate of Formia Technology Group Oy, and CJSC Ruukki Ukraine signed a supply contract worth approximately 3 million euros for a sandwich panel line to be delivered to Ruukki’s Kiev factory. This order includes the entire delivery of the line, which makes sandwich panels utilizing mineral wool as insulation materials. The sandwich panel line concerned is due to become operational in Ukraine at the beginning of October 2008.

Ruukki is currently building a new manufacturing facility which will make components and systems for steel construction in Ukraine. The facility’s production lines will be launched during year 2008. The sandwich panel line is intended to begin operating during the last quarter of 2008. For the factory concerned, the maximum annual capacity of the sandwich panel line being delivered will be more than 1,000,000 square metres of ready-made sandwich panel. This new supply contract is among the largest single orders in the history of Formia. Winning these orders 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 lengthens significantly Formia’s order book for 2008, greatly brightening the company’s prospects for 2008.

FURTHER INFORMATION

CEO Jorma Kinnunen, Formia Construction Oy,                                 mobile +358 50 557 0058, jorma.kinnunen@formiatech.com  

Chairman of the Board Jukka Salminen, Formia Technology Group Oy, mobile +358 50 501 2780, jukka.salminen@formiatech.com

FORMIA IN BRIEF

Formia Technology Group Oy is a global turnkey supplier of

• solutions based on rollforming technology for the construction industry,

• components, modules and system deliveries for the mechanical engineering industry, and
• automatic solutions for environmental, energy, engineering, automation and paper industry utilizing materials handling

The forecast for Formia's pro forma turnover in 2007 is 28,0 million euros (23,0 million euros in 2006) and it employs 165 people. Formia's Centers of excellence are located in Jyväskylä, Seinäjoki and Kauhajoki (Finland). Formia also has manufacturing operations and a Design Center in Shaoxing China and a maintenance unit in St Petersburg Russia. For more information about the company, see www.formiatech.com and www.vesme.com

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