Koskisen exits its operations in Russia

Koskisen has decided to discontinue its operations in Russia. The company will run down it’s Russian’s sawing operations and stop importing sawn goods and logs from Russia. The discontinuation of operations will be carried out with personnel and local regulations in mind, and a more detailed schedule will be announced as the process moves forward. The share of the Russian business in the company’s net sales is minor and the financial impact of the decision have been estimated insignificant.