Russia Key region for export outlays. Focus of

Russia  Key region for export outlays.  Focus of

Russia Key region for export outlays. Focus of operations is on setting up a distribution channel. Focus areas: St Petersburg, Moscow, other cities with over a million inhabitants. Target groups: Construction firms Log house manufacturers Wealthy builders of single-family houses and their architects Revenue by Country 2005

Sales development of one third. Tulikivi holds a strong position in this small market. Operations expanded to all the Baltic countries. Finland Germany Sweden France Belgium Denmark USA

Switzerland Austria Russia Estonia Revenue by Country 2005 Sales growth of one tenth. Long-term work by the importer. Focus on Northern Italy. Finland Germany Sweden

France Belgium Denmark USA Switzerland Austria Russia Estonia Italia Revenue by Country 2005 Other countries: The Netherlands, Ukraine, Latvia, Lithuania, Norway,

Luxembourg, Hungary Finland Germany Sweden France Belgium Denmark USA Switzerland Austria Russia Estonia Italy Other

Lining Stones Soapstone is a very popular material for lining stoves in Central Europe and Scandinavia. High peak in demand, Tulikivis key objective is profitability. Tulikivis market share is over 50%. Represents a significant share of business operations. Profitability matches the fireplace business average. Tulikivis strengths are quality, reliable deliveries, exacting workmanship and service.

The customers are Europes number one manufacturers, such as Nibe of Sweden and Hark of Germany. Soapstone Reserves The foundation of Tulikivis operations. The company possesses stone reserves to last for about 65 years in Juuka Suomussalmi Kuhmo Paltamo License to utilize soapstone in the Medvezhyegorsk area of the Republic of Karelia until 2030.

Soapstone Deposit in the Republic of Karelia Factory Investment 2006 Tulikivi Corporation will build a new production plant in Juuka in 2006. Tulikivi fireplace production capacity will rise by about 20%. Enables revenue growth of close to EUR 10 million in the next few years. Investment: about EUR 5 million. Dozens of new jobs in Juuka in the next few years. Production Investment 2006, Reasons The investment is a measure that supports Tulikivis

growth strategy. Need for capacity will rise in the near future. More precise use of raw materials, reserves of leftover stone. Improving profitability and competitiveness. Manufacture of new collection.

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