Raute Corporation, Press Release February 2, 2024 at 9:00 a.m.

RAUTE SIGNS A FULL SCOPE SERVICE AGREEMENT WITH PAGED EESTI

Raute Corporation has signed a service agreement with Paged Eesti OÜ, Estonia, part of Paged Group.

The contract covers full maintenance responsibility of the production machinery including consumables, spare parts, and small upgrades. The maintenance team, 19 persons, of Paged Eesti is transferred to Raute services team.

"We are excited to extend our partnership with Paged Eesti. This agreement aligns with Raute's service strategy, aimed at deepening collaboration with our valued customers.  We are pleased to enter into this agreement, which shows our ability to support the customer in ensuring optimized production of the factory together with life cycle services. These efforts are all geared towards our shared objective of enhancing the overall efficiency of the mill production.", says Kurt Bossuyt, EVP Services of Raute.

"The decision to outsource maintenance tasks and partner with Raute was taken with a firm belief in its substantial contribution to our company's technical advancement. Opting for Raute, a renowned leader in the field, signifies a move towards conforming to international standards, a critical aspect for our ongoing growth", says Arkadiusz Swider, Chairman of the Board and CEO of Paged Eesti.

Founded over 90 years ago, Paged is now one of the five largest plywood manufacturers and significant producer of wooden chairs in the European Union. It employs over 2,000 people and has a total of seven production facilities in Poland and Estonia. It offers innovative solutions and products that are used in a wide range of industries such as interior design and furnishings, construction, transport and packaging in nearly eighty markets worldwide.www.sklejkapaged.pl/en/

FURTHER INFORMATION:

Mr. Mika Saariaho, President and CEO, tel. +358 40 1549393 
 

DISTRIBUTION: 
Nasdaq Helsinki Ltd, main media, www.raute.com 

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products.  Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production is located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. More information about the company can be found at www.raute.com