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First Appointments in the New Joint Venture Wood Procurement Company of Myllykoski and Powerflute
19.03.2008
With reference to the announcement made on February 29, 2008 regarding the Joint Venture
between Myllykoski Corporation and Powerflute Plc for wood procurement, the Company
under establishment is pleased to announce appointments of two Executive Directors:
Kari Wuolijoki (49), Graduate in Forestry at Helsinki University, has been appointed as
Deputy Managing Director of the company under establishment as of May 1, 2008. Mr.
Wuolijoki will also serve as the acting Managing Director during the first months of the
company currently under establishment.
Kari Wuolijoki is currently the CEO of Koskitukki Oy. Mr Wuolijoki has gained some 20 years
of experience from the wood markets in Finland, Russia and the Baltic States. In the
beginning of his career he has served also forest owners' organisations.
Pekka Kauranen (48), Graduate in Forestry at Helsinki University, has agreed to join the JV
at a later stage, but in any case by early 2009. Mr. Kauranen will be appointed the Managing
Director upon joining the Company.
Pekka Kauranen is currently a Senior Vice President in Metsäliitto Osuuskunta. Mr.
Kauranen has served the Finnish forest industry for more than 20 years in various positions
within Metsäliitto’s wood procurement organisation. He has also been involved in
international wood procurement.
Before Mr. Wuolijoki and Mr. Kauranen join the JV, the practical affairs of the company under
establishment are handled by Mr. Kari Nurmi (47), Director, Administration of Myllykoski Paper Oy.
Myllykoski and Poweflute are confident that the experience and skills of the newly appointed
directors will ensure the success of the new company. The new entity will manage wood
procurement for Powerflute’s Savon Sellu mill and for Myllykoski’s Finnish mills. The
combined demand for fibre wood of Powerflute and Myllykoski’s Finnish mills will be
approximately 2.5 million cubic metres per year. The new entity will procure wood principally
from Finland but will also import wood. The parties expect the joint venture to be up and
running in the course of the summer of 2008.
More information on the operations and organisation of the joint venture company will be
announced in near future.
For additional information please contact:
Sverre Norrgård, President & CEO Myllykoski Corporation, Tel. + 358 9 3489640
Juha Koukka, CEO Savon Sellu Ltd, Tel. +358 50 598 9567
Kari Nurmi, Director, Administration Myllykoski Paper Oy, Tel. +358 50 598 8336
About MYLLYKOSKI
MYLLYKOSKI is a family owned international paper group with manufacturing in Finland, Germany,
Switzerland and the United States and sales offices around the world. The Finnish
roots of the parent company go back to 1892. The Group's products consist of woodcontaining
uncoated and coated publication papers, including newsprint. Customers include
publishers, printers, and retailers worldwide. MYLLYKOSKI is among the largest publication
paper producers in the world.
MYLLYKOSKI operates nine paper mills with a total annual capacity of 3 million tons,
including the alliance partner Rhein Papier GmbH of which Plattling Papier is a part. The
Group companies employ 3,300 people. MYLLYKOSKI is known as a pioneer in using new
technologies as well as recycled fibres for paper production. All European mills are certified
with the environmental management System ISO 14000. MYLLYKOSKI’s vision is to be the
premier publication paper brand recognized for creativity and positive business solutions.
About Powerflute
Powerflute is a holding company and, through its wholly-owned subsidiary Savon Sellu Oy,
operates a 300,000 tonne per annum rated capacity paper mill which is also called “Savon
Sellu”. The Mill is located near Kuopio, Finland on the shores of Lake Kallavesi and
manufactures a specialised high quality grade of semi-chem fluting called nordic semi-chem
fluting which is made primarily from birch wood sourced from Finland and Russia. In
accordance with its strategy, the Company may in the future also acquire and manage
complementary companies or assets related to paper and packaging or other forestry
derivatives.
Last changed: 16.07.2008 at 07:37