September 27, 2006
Rautaruukki launches investment plans in Ukraine and Romania with total of EUR 50 million
Rautaruukki is holding capital market days in Budapest on 27 - 28 September 2006. Their theme is the strongly growing markets in Eastern Europe, Russia and Ukraine, focusing in particular on construction.
In the presentations at the capital market days, Rautaruukki's management is reviewing the following two topics and providing background information for them: the opportunities for growth in the markets in the area and the growth potential for construction in these markets.
Rautaruukki has decided to launch major investment plans with a value of EUR 50 million in Ukraine and Romania. Once these are completed, Rautaruukki will be able to significantly increase its deliveries of components and total deliveries for commercial and industrial construction to customers in Ukraine, Romania and Bulgaria. Rautaruukki is prepared to further expand its business with more investments or acquisitions that are in line with its strategy.
"Since 2003, in accordance with our new strategy, we have focused on construction solutions especially in central eastern Europe and Ukraine. The acquisition of Ventall has also given a strong footing in the rapidly growing Russian market. We believe that Ruukki's future success will increasingly be based on the business opportunities created for us by the growth in construction in Eastern Europe," says President and CEO Sakari Tamminen.
Rautaruukki has not altered its previously stated targets or the outlook for its result in the final part of the year.
The material being presented at the event is available in English on Ruukki's website at www.ruukki.com/investors.
Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 23 countries and employs 12,000 people. Net sales in 2005 totalled EUR 3.7 billion. The company's share is quoted on the Helsinki Exchanges (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004.
For further information
Mr. Sakari Tamminen, President and CEO, tel. +358 20 592 9075
Mr. Mikko Hietanen, CFO, tel. +358 20 592 9030
VP, Corporate Communications
Compiler´s choice - More News Releases
Archive 2005. News Releases