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Tikkurila Oyj: Tikkurila to open a factory with a novel production concept in Kazakhstan

Tikkurila Oyj

Press Release
April 15, 2015 at 10:00 a.m. (CET+1)

Tikkurila is expanding its production network with the opening of a new
factory in Almaty, Kazakhstan, in April 2015. The factory will produce a
limited range of water-borne decorative paints to meet local market needs.

"This investment supports Tikkurila's strategy of profitable growth. Local
production will enable us to grow our business in Kazakhstan and the
surrounding regions. The project also fits well with Kazakhstan's transition
to a green economy," saysErkki Järvinen
, President and CEO of Tikkurila. "The economic growth has been robust in the
past years in Kazakhstan. We believe that the paint consumption will grow
from the current relatively low level. In addition, the increasing interest
in Kazakhstan towards high-quality, safe, and environmentally sustainable
products supports our operations."

The factory will pilot a novel production concept developed by Tikkurila.
Designed to enable the quick launch of production in a new market, the
concept will typically involve a fairly small and flexible unit focused on
the production of a limited range of water-borne products. The risks
associated with entering a new market are smaller, thanks to low initial
investment costs and low operating costs. The investment totals less than EUR
1 million.

"The factory will make use of an efficient operating model and new
technologies. A flexible operation that can be adjusted to match demand and
customer needs means we will be able to provide a high level of customer
service. Production is efficient even with small batches, while at the same
time, we can fairly easily increase capacity," saysPetri Miettinen
, Senior Vice President, Supply Chain Management&HSEQ at Tikkurila. "To
further boost efficiency, the Kazakhstan factory's logistics, production and
procurement will be managed from St. Petersburg, Russia, where we have major
production in. This will also mean cost savings in logistics."

Tikkurila has had operations in Kazakhstan since 2006, and it currently
employs around 30 people in the country. Tikkurila, which is the market
leader in Kazakhstan in premium products, is the first Western paint producer
starting local production in the country. Tikkurila has production in ten
countries, with Kazakhstan being the most recent addition to the list.

For further information, please contact:

Tikkurila Oyj
Petri Miettinen, Senior Vice President, Supply Chain Management&HSEQ, tel:
+358 50 311 1281,

Tikkurila is the leading paints and coatings professional in the Nordic region
and Russia. With our roots in Finland, we now operate in 16 countries. Our
high-quality products and extensive services ensure the best possible user
experience in the market. Sustainable beauty since 1862.

Images from Tikkurila's factory in Kazakhstan:

Tikkurila Kazakhstan 3
Tikkurila Kazakhstan 1
Tikkurila Kazakhstan 2


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tikkurila Oyj via Globenewswire


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