by Jacqlyn Kirkland | Dec 21, 2020 | News
NEW PLYWOOD MILL GOES WITH RAUTE
Raute Corp. has received orders worth EUR 55 million from LLC Plitwood of Vologda, Russia. The orders include all machinery and equipment for the production process of an entire plywood mill and also services related to the installation, commissioning and production startup of the mill.
Annual capacity of the new mill will be 180,000 m³ of birch plywood. The equipment will be delivered during the end of 2021 and early 2022.
The order is one of the largest single orders in Raute history.
Plitwood was established in 2017 for this project. Its principal owners are AO CHFMK (Cherepovets Plywood-Furniture Plant) and LLC VLP. Due to the exceptional circumstances with the pandemic, negotiations were handled almost entirely through remote connections.
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by Web Editor | Aug 2, 2017 | News
Raute Corporation has received an order worth over EUR 11 million for an LVL layup line for Roseburg Forest Products, Inc. (RFP) of Roseburg, Oregon, USA.
The present order received by Raute consists of a very high capacity LVL layup line. The line will be delivered to RFP’s new LVL mill in Chester, South Carolina, USA late 2018. The capacity of RFP’s new LVL mill will be 285,000 m3 per year and will be one of the largest capacity single LVL lines in the world. The equipment will be engineered and produced in Raute’s North American unit in Delta, Vancouver area, Canada.
The cooperation between RFP and Raute has continued for many years. Raute has delivered projects of various sizes to RFP’s plywood and LVL mills. The largest project was RFP’s first LVL line in Roseburg, Oregon, USA delivered in the year 2000.
The demand for LVL in the USA has been growing steadily in recent years. By building this new LVL mill Roseburg will be responding to that demand and intends to maintain their strong market position. Raute was selected as the supplier for the LVL layup line because of its extensive experience from earlier deliveries as well as Raute’s leading LVL process technology.
The present new order has no impact on Raute’s outlook for 2017, but it will strengthen the order book for 2018. Raute’s net sales will grow clearly and operating profit will improve clearly over the levels of 2016.
From GlobeNewswire: https://globenewswire.com/news-release/2017/07/31/1064708/0/en/Raute-receives-an-order-worth-over-EUR-11-million-to-USA.html
by Web Editor | Apr 3, 2017 | News
Raute Corporation and the owners of Metriguard, Inc. have agreed on the purchase of the business of Metriguard Inc., Pullman, Washington, USA.
Metriguard, established in 1972, is the world leader in high speed strength grading technology for lumber and veneer. Metriguard sells and provides services for its equipment globally, with installations in North and South America, Europe, Asia, Africa, Australia and New Zealand.
Metriguard’s products and technology are complementary to Raute’s current product offerings. Over the years, Metriguard’s products have been integrated into dozens of Raute’s deliveries. Metriguard’s net sales were USD 4.6 million in 2016, with an EBIT of USD 0.8 million, and it employs 26 people.
Metriguard’s business will continue by a newly established Raute’s subsidiary Metriguard Technologies, Inc. Its financials will be reported as part of Raute’s wood products technology segment. The acquisition is deemed to have a positive effect on Raute’s net sales in 2017 and on its financial results starting from 2018.
The acquisition is made as an asset purchase. Intangible assets, working capital and fixed assets, except real estate, are acquired. Metriguard’s personnel will transfer in along with the acquisition. The purchase price, estimated at USD 4.5 million, is paid in two installments. A base purchase price of USD 3.1 million is paid at closing, additionally there will be an earn-out payment based on net sales for a 12-month period following closing of the transaction.
For more information visit https://www.raute.com/.
