10th Jun 2011 10:30
10 June 2011
POWERFLUTE OYJ
("Powerflute" or the "Company")
PUBLICATION OF ANNUAL REPORT AND ACCOUNTS
Powerflute today announces that its Annual Report and Accounts for the financial year ended 31 December 2010 ("Annual Report") have been posted to shareholders.
The Annual Report is available for download from the Company's website (www.powerflute.com) and shareholders may contact the Company directly to request further copies using the contact details provided on the website.
Ends
For further information, please contact:
PowerfluteOyj Dermot Smurfit (Chairman) Marco Casiraghi (Chief Executive Officer) David Walton (Chief Financial Officer)
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c/o Billy Clegg, Financial Dynamics +44 20 7269 7157 |
Collins Stewart (Europe) Limited Piers Coombs Mark Dickenson Ileana Antypas
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+44 20 7523 8350 |
E.Őhman J: or Fondkommission AB Ms Arja Väyrynen
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+358 9 8866 6029 |
Financial Dynamics Billy Clegg Oliver Winters
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+44 20 7831 3113 |
FD K Capital Source Mark Kenny Jonathan Neilan
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+353 1 631 5500 |
About Powerflute
Powerflute Oyj ("the Company" or "Powerflute") is an international paper and packaging groupquoted on the AIM market of the London Stock Exchange (Ticker: POWR) and on First North, the alternative market of the OMX Nordic Exchange Stockholm AB (Ticker POW1V). Through its subsidiary Savon Sellu Oy, the Group operates a paper mill in Kuopio, Finland which produces a specialised form of semi-chemical fluting made from locally sourced birch. Corrugated boxes manufactured using Nordic semi-chemical fluting demonstrate strength and moisture resistance and are used for transportation of fruit and vegetables, high-value industrial goods such as electrical appliances and automotive components. The Kuopio mill has the capacity to produce up to 300,000 tonnes per annum and is one of three suppliers of Nordic semi-chemical fluting in Europe.
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