ROBIT PLC AND ABB SIGNED A COMPREHENSIVE CO-OPERATION AGREEMENT

ROBIT PLC AND ABB SIGNED A COMPREHENSIVE CO-OPERATION AGREEMENT

ID: 549030

(Thomson Reuters ONE) -


ROBIT PLC PRESS RELEASE 21 JUNE 2017 AT 12.00 P.M.

ROBIT PLC AND ABB SIGNED A COMPREHENSIVE CO-OPERATION AGREEMENT

Robit Plc has signed a comprehensive co-operation agreement with ABB. The
agreement concerns Robit Plc's productional investment in South Korea, which has
been disclosed in a company release on 23 March 2017. The co-operation agreement
covers delivery of the factory's new production automation as well as its
further development. Robit Plc and ABB develop together a customized robotized
production line for drilling consumables' production. Through this co-operation
Robit Plc achieves so called State of Art factory as to automation.

The factory focusing on Top Hammer product line's rod and shank manufacturing is
estimated to begin production by the end of the year 2017.

ROBIT PLC

Mika Virtanen, Group CEO

Further information:

Robit Plc
Mika Virtanen, Group CEO
+358 40 832 7583
mika.virtanen(at)robit.fi

Robit is a strongly internationalized growth company selling and servicing
global customers in drilling consumables for applications in mining,
construction and contracting, tunneling and well drilling. The company's
offering is divided into three product and service range: Top Hammer and Down-
the-Hole products as well as Digital Services. Robit has 21 own sales and
service points as well as active sales networks in 115 countries. The
manufacturing units are located in Finland, South Korea, Australia, UK and USA.

Distribution:

Nasdaq Helsinki Ltd
Key Media
www.robitgroup.com







This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Robit Oyj via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 21.06.2017 - 11:00 Uhr
Sprache: Deutsch
News-ID 549030
Anzahl Zeichen: 2249

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