Rautaruukki to improve operational efficiency o...
Rautaruukki Oyj Stock Exchange Release 7 October 2008 at 15.00
Rautaruukki's Ruukki Construction division is to improve production
efficiency and optimise production capacity and logistics in the
Central Eastern European region. These actions are part of
Rautaruukki's new corporate-wide operational excellence programme,
Boost.
In the Czech Republic, the smaller profiling unit at Ostrava will be
closed and the machinery will be gradually relocated to Ruukki's
bigger plants in Hungary, Poland and Romania by the end of the first
quarter of 2009. Employer-employee negotiations at the Ostrava unit
will start soonest and affect 81 people. The Ostrava unit has been
located in rented premises since 2002. In future, roofing and
cladding profiles for the Czech and Slovak markets will be delivered
from Hungary and Poland.
In Poland, a profitability programme has been launched at the
Oborniki steel frame and sandwich panel plant. The 9-month programme
will enhance processes and aims at a significant improvement in the
plant's earnings performance. Detailed actions will be specified as
the programme progresses.
These actions are being taken with the aim of an annual improvement
in Ruukki Construction's operating profit of more than EUR 3 million
starting in 2009.
For further information, please contact: Saku Sipola, President,
Ruukki Construction, tel: +358 20 59 28979
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 25 countries and employs 14,990 people. Net sales in
2007 totalled EUR 3.9 billion. The company's share is quoted on the
OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The
Corporation uses the marketing name Ruukki.
DISTRIBUTION
OMX Nordic Exchange Helsinki
Main media
www.ruukki.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.