Rautaruukki Oyj (HEL:RTRKS) Stock exchange release 11 November 2008 at 14.00
Rautaruukki has sold its colour-coating line in Gävle, Sweden to the Swedish company Trelleborg Rubore AB. The colour-coating line in Gävle makes colour-coated special products primarily for the automotive industry. The 35 persons employed on the line will transfer to the service of the buyer on completion of the transaction.
The transaction will have a positive impact of around EUR 2 million on earnings, which Ruukki will recognise during the fourth quarter of this year.
The transaction is part of the company's structural change and is in line with Ruukki's strategy to divest units not forming part of its core business. The transaction was completed on 11 November 2008.
For further information, please contact: Janne Pirttijoki, Senior Vice President, Cold-Rolled, Coated and Tubular Products, Ruukki Production, tel. +358 20 592 5200
Rautaruukki Corporation
Anne Pirilä SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 15,000 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com
DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Rautaruukki Oyj
http://www.ruukki.com
ISIN: FI0009003552
Stock Identifier: XHEL.RTRKS
Rautaruukki has sold its colour-coating line in Gävle, Sweden to the Swedish company Trelleborg Rubore AB. The colour-coating line in Gävle makes colour-coated special products primarily for the automotive industry. The 35 persons employed on the line will transfer to the service of the buyer on completion of the transaction.
The transaction will have a positive impact of around EUR 2 million on earnings, which Ruukki will recognise during the fourth quarter of this year.
The transaction is part of the company's structural change and is in line with Ruukki's strategy to divest units not forming part of its core business. The transaction was completed on 11 November 2008.
For further information, please contact: Janne Pirttijoki, Senior Vice President, Cold-Rolled, Coated and Tubular Products, Ruukki Production, tel. +358 20 592 5200
Rautaruukki Corporation
Anne Pirilä SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 15,000 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com
DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Rautaruukki Oyj
http://www.ruukki.com
ISIN: FI0009003552
Stock Identifier: XHEL.RTRKS
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