Raute Precision Oy’s new name is Lahti Precision Oy

Date: 24 October 2006
Source: Lahti Precision Oy

Date: 24 October 2006

The weighing and dosing technology company Raute Precision Oy is changing its name. As of 2 October 2006, it will operate as Lahti Precision Oy.

Correspondingly, the new name of Raute Dry Mix Oy will be Lahti Dry Mix Oy.

The renaming will not affect the business operations of the companies.



Raute Precision Oy and its subsidiary Raute Dry Mix Oy, which were previously part of the Raute Group, were transferred into the ownership of a fund managed by Eqvitec Partners Oy, and Raute Precision’s management following a share transaction in February 2004. The acquisition involved an agreement to remove “Raute” from the name of Raute Precision Oy and its subsidiaries by the end of 2006.



The new name is derived from the city where Lahti Precision is headquartered, Lahti – which is where the company first went into business in 1914 as a scale manufacturer. Nowadays, Lahti Precision Oy is one of the world’s two leading suppliers of glass batch plants and mortar plants, and the market leader in the weighing business in Finland.



Lahti Precision Oy supplies weighing and dosing systems and plants, scales and weighing components as well as related maintenance services. Its customers operate in the glass industry, the plaster and mortar industry, other process industries as well as trade and transport. Its subsidiary Lahti Dry Mix Oy focuses on product technology services for the plaster and mortar industry.



Lahti Precision Oy operates worldwide with business units in Finland and China, located in Lahti, Espoo, Parainen, Jyväskylä, and Shanghai.



Lahti Precision’s business has grown in recent years. Today the company boasts a robust market position. In 2005, the company had a turnover of EUR 46 million, of which 72 per cent was generated by exports. The Group currently employs 240 people.



For additional information:



President Jarmo Ukonaho, tel. +358 3 829 4121, +358 40 716 3829

www.rauteprecision.com

600450 Raute Precision Oy’s new name is Lahti Precision Oy glassonweb.com

See more news about:

Others also read

MORE...

Potters Industries Inc. Announces Price Increase For Metal Finishing and Impact Glass Bead Products
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Lincoln Glass Celebrates 50th Year
Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Retail Architects Say Better-Looking Stores Mean Profits
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Optical-Glass Firm Buys Camera Maker Pentax
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Mysterious Egyptian Glass Formed by Meteorite Strike, Study Says
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded.
Business Of Glass Manufacturer Gecsat Down 16%
ZF.com reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment