Rautaruukki Corporation Stock exchange release 12 July 2011 at 9am EEST
Rautaruukki has signed a contract with Peab AB of Sweden to manufacture and
install the steel structures for the concentration mill and stockpile buildings
at the Kaunisvaara iron ore mine in Pajala, Northern Sweden. The contract is
worth over EUR 13 million.
In the Kaunisvaara iron ore project, the Canadian mining company Northland
Resources will exploit the Tapuli and Sahavaara iron ore deposits. Ruukki's
customer is the Swedish Peab group, which is one of the largest construction
companies in the Nordic countries.
Ruukki's delivery consists of the process plant building and auxiliary
buildings, two iron ore stockpile buildings and the frame structures for the
truck workshop. The new iron ore processing plant will be over 200 metres long,
72 metres wide and 40 metres high.
Deliveries of steel structures for the project will begin in September and
installation work is scheduled for completion during 2012. The steel structures
will be manufactured mostly at Ruukki's plants in Ylivieska and Peräseinäjoki in
"We at Peab are pleased we chose Ruukki as the steel structure contractor.
Throughout the entire sourcing process, we have felt that we made the right
decision as regards quality, the environment, working environment, follow-up and
delivery reliability," says Tommy Lindmark, Project Director at Peab Sverige AB.
"This is an important project for us and shows our strength as a supplier to
large, demanding industrial projects," says Sami Eronen, Senior Vice President,
Building Projects, Ruukki Construction,
For further information, please contact:
Sami Eronen, SVP, Building Projects, Ruukki Construction, tel. +358 40 557 8839
SVP, Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to
the construction and engineering industries. The company has a wide selection of
metal products and services. Rautaruukki has operations in 27 countries and
employs around 11,700 people. Net sales in 2010 totalled EUR 2.4 billion. The
company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The
Corporation uses the marketing name Ruukki.
NASDAQ OMX Helsinki