Raute signed an engineering contract for a birch plywood mill to a Russian customer
Raute,birch plywood mill,Russia
Raute has received a binding order for the machinery and equipment engineering of the production process for a birch plywood mill planned by a Russian customer. Raute estimates that the engineering work now ordered will result in an actual order for the production machinery within next few months. Raute will disclose information on the project once the order for the machinery and equipment has entered into force and is binding.
The current signed contract has no impact on Raute’s net sales and financial performance forecasts for 2019. Net sales are expected to decrease, and operating profit is expected to weaken from the previous year.