Lign Multiwood and the European Leader Finnforest Sign Cooperation Agreement.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--May 17, 2001 The Swedish company Lign Multiwood, based in Dalarna, and Finnforest Finnforest was a Finnish progressive rock band formed in the early 1970s from Kuopio, Finland. Line-up The line-up has included the following musicians:
The agreement gives Finnforest access to Lign Multiwood's unique Calignum technique, while, among other things, Lign Multiwood has a possibility to market its products through Finnforest's extensive distribution and customer network within Europe. "Above all, the agreement represents a breakthrough for the Calignum technique," says Karl-Axel Barkentin, Marketing Manager for Lign Multiwood. "Of course, that Europe's leading company within the wood product industry chose to work with us is a big recognition of our R&D activities." The cooperation agreement covers a short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. and a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. programme that identify, which products the companies will jointly develop and bring to market. Last week the project team that will lead the development work met for the first time. The companies will meet their own costs during the development phase. The commercialisation phase is not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. in the agreement, but the main goal in the future is to commercialise the new product concept utilising Finnforest brand. "This cooperation agreement enables us to share in Lign Multiwood's solid experience in isostatically compressed wood," says Markko Ihamuotila, Vice President of Business Development and Marketing of Finnforest's Engineered Wood Division. "Our objectives with the agreement are to improve the properties of wood to suit new application areas and to broaden our product range. Despite our size, we do not have extensive in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. resources to drive the type of R&D that Lign Multiwood carries out. Instead, we have decided to cooperate with smaller companies that offer innovative solutions." Finnforest, with a turnover of about 1.2 billion euro, is a part of the Metsaliitto Group, which has many companies in Europe and a turnover of about 7.5 billion euro. Finnforest's ambition is to be the leading European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. company in wood based solutions for building and construction by 2005. Through Finnforest, Lign Multiwood has a possibility to market its products through a covering distribution network and an effective logistics system. Lign Multiwood is a high technology company with a revolutionary and patented engineered wood technique called Calignum. The Calignum process produces wood with superior properties with regard to hardness, wear resistance and fine appearance. Lign Multiwood is preparing a commercial launch for the Calignum process during autumn, 2001. Lign Multiwood's business idea is to use its patented CaLignum process to develop, produce and sell isostatically compressed wood for construction and furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. , and thereby to offer customers and consumers products of superior quality, attractiveness and cost efficiency. CaLignum(R) was invented in 1993 by Lennart Castwall and Curt Lindhe. The Lign Multiwood head office is located at Soderbarke in the Dalarna region of Sweden. The company currently has 16 employees. Postal address Telephone +46 240 65 01 20 Lign Multiwood AB Telefax +46 240 65 02 40 Sorangsvagen 10 E-mail/Website info@lignmultiwood.com/ SE-777 60 SODERBARKE www.lignmultiwood.com Sweden Org. No. 556527-0658 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/05/17/20010517BIT00200/bit0002.DOC See doc file and docs. 1. Doc - Directed Oc 2. doc - /dok/ Common spoken and written shorthand for "documentation". Often used in the plural "docs" and in the construction "doc file" (i.e. documentation available on-line). http://www.bit.se/bitonline/2001/05/17/20010517BIT00200/bit0002.pdf |
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