Kotkamills Group Oyj: THE TOTAL PROJECT COSTS OF THE NEW BOARD MACHINE
Kotkamills Group Oyj
STOCK EXCHANGE RELEASE
9 June 2016, at 9 am (CET + 1)
Kotkamills Group announced on May 18, 2016 that the start-up of the new board machine is estimated to take place during July 2016. As the project has now progressed to the very advanced stage, the Company estimates the total costs of the Board Machine project to be ca. 170 MEUR instead of the earlier estimation of 155 MEUR. The difference is mainly coming from civil and piping works and the slightly delayed start-up date. The company is financially prepared to cover the cost difference.
Kotkamills Group Oyj
Board of Directors
For additional information, please contact: CEO Markku Hämäläinen, tel.+358 40 721 0548, markku.hamalainen@kotkamills.com.
DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.kotkamills.com
Kotkamills Group in brief Kotkamills is a responsible partner that delivers renewable products and high quality performance to its customers' processes via product innovations created from wood, a renewable raw material. Kotkamills' key brands include Absorbex® and Imprex®, both innovative laminating paper products for the laminate and plywood industries. Moreover, Kotkamills also offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. The start-up of the new board machine producing totally recyclable Consumer Board products is due in 2016. www.kotkamills.com
Disclaimer The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Kotkamills Group Oyj in any jurisdiction.
HUG#2019224
|