Powerflute Oyj
2 March 2011
POWERFLUTE OYJ
Notice of Preliminary Results
Powerflute Oyj, the international packaging group with established positions in Nordic semi-chemical fluting and coated woodfree papers, today announces that its financial results for the 12 months ended 31 December 2010, will be issued on 29 March 2011.
Ends
For further information please contact:
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Powerflute OYJ Marco Casiraghi (Chief Executive Officer) David Walton (Chief Financial Officer) |
c/o Billy Clegg, Financial Dynamics +44 (0)20 7269 7157 |
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Collins Stewart Europe Ltd: Piers Coombs Mark Dickenson |
+44 (0)20 7523 8350 |
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Financial Dynamics: Billy Clegg Oliver Winters |
+44 (0)20 7831 3113 |
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K Capital Source Mark Kenny Jonathan Neilan |
+353 (1) 663 3686 |
About Powerflute
Powerflute Oyj ("the Company" or "Powerflute") is a packaging group with established positions in Nordic semi-chemical fluting and coated woodfree papers.
Through its subsidiary Savon Sellu Oy, the Group operates a paper mill in Kuopio, Finland which produces a specialised form of semi-chemical fluting made from locally sourced birch. Corrugated boxes manufactured using Nordic semi-chemical fluting demonstrate strength and moisture resistance and are used for transportation of fruit and vegetables, high-value industrial goods such as electrical appliances and automotive components. The Kuopio mill has the capacity to produce up to 300,000 tonnes per annum and is one of three suppliers of Nordic semi-chemical fluting in Europe.
Through its subsidiary Papierfabrik Scheufelen, the Group operates a paper mill in Lenningen, Germany which produces a range of coated woodfree papers from mixed hardwood and softwood pulps. Coated woodfree papers are used in the production of printed promotional material such as brochures, leaflets and other point of sale materials for producers and distributors of premium branded goods. The Lenningen mill has the capacity to produce up to 300,000 tonnes per annum and supplies the majority of its products into the European market.
