Raute has received orders worth approximately Euro 16 million from Segezha Group to Russia. The scope of orders includes new production lines and modernizations of existing lines to increase the veneer production capacity, and also production lines to further process plywood.
Columbia Forest Products in Hearst, Ontario, Canada invests in the latest veneer drying technology by Raute. This dryer will be delivered early in 2022.
Raute will move its operations in China to a new location in Changzhou, Jiangsu province. The new facility is located some three hours’ drive from Shanghai and there is a fast and efficient train connection. Operations in the new site are planned to start in January 2022.
The production on the new lines will be started during Q3 2022.
Raute Corporation's 1Q 2021 net sales of Euro 24.8 million, increased 4% on the 1Q 2020. The low level of net sales was predicted and was largely due to the planned timing of the order book, but also partly to the impacts of the pandemic-related restrictions on field operations.