Hitt og þetta 25. apríl 2006

Rautaruukki Corporation to acquire Ukrainian colour coating line

Nordic Business Report-April 25, 2006-Rautaruukki Corporation to acquire Ukrainian colour coating line
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish value-added steel manufacturer Rautaruukki Corporation, also known as Ruukki, said on Tuesday (25 April) that it had agreed to purchase the Ukrainian company AZST-Kolor CJSC.

AZST-Kolor owns a colour coating production line in Antratsit, eastern Ukraine.

At present the line is not in operation but Ruukki estimates that it would start up the line in July and that this should reach maximum capacity in two years.

The price for the production line is EUR4.5m, plus the company's cash funds when the transaction is completed, an estimated EUR0.45m.

One euro (EUR) is worth approximately 0.69 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))