CHANGES IN UUTECHNIC GROUP’S BUSINESS MODEL AND

Helsinki, Finland, 2017-03-08 11:10 CET (GLOBE NEWSWIRE) -- PLC UUTECHNIC GROUP OYJ STOCK EXHANGE BULLETIN March 8, 2017 at 12:10 pm

CHANGES IN UUTECHNIC GROUP’S BUSINESS MODEL AND TOP MANAGEMENT

Changes in Business Model

Uutechnic Group is developing its business model. The business of Uutechnic Group consists of one business segment, Process Solutions, which will be divided further into two business lines: Mixing Technology and Tanks & Rolls. The target of this change is to strengthen sales and marketing as well as knowhow and financial performance.   

Mixing Technology business line consists of Stelzer Rührtechnik GmbH and Uutechnic Oy. Tanks & Rolls business line consists of Japrotek Oy Ab and AP-Tela Oy. Uutechnic Group’s business is still reported under one segment, Process Solutions.

Appointments in the Top Management

Jouko Peräaho has been appointed as the CEO of Plc Uutechnic Group Oyj. Along with the appointment, Jouko Peräaho will leave his position as the Chairman of the Board. The new Chairman of the Board of Directors will be the current Vice Chairman Sami Alatalo. Jouko Peräaho will continue as a member of the Board of Directors.

The current CEO of Uutechnic Group Martti Heikkilä will start as the Vice President of Tanks & Rolls business line. Jussi Vaarno will continue as the Vice President of Mixing Technology business line. Martti Heikkilä has also been appointed as the Deputy CEO of Plc Uutechnic Group Oyj. Martti Heikkilä and Jussi Vaarno report to Jouko Peräaho.

All changes mentioned in this announcement will take effect on March 9, 2017.

In Uusikaupunki March 8, 2017

PLC UUTECHNIC GROUP OYJ

Board of Directors

Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.

The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.

Plc Uutechnic Group’s subsidiaries are AP-Tela Oy, Japrotek Oy Ab, Uutechnic Oy and Stelzer Rührtechnik International GmbH.

         Further information:          Jouko Peräaho,Plc Uutechnic Group Oyj +358 500 740 808