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Russia. Key region for export outlays. Focus of operations is on setting up a distribution channel. Focus areas: St Petersburg, Moscow, other cities with over a million inhabitants. Target groups: Construction firms Log house manufacturers
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Russia • Key region for export outlays. • Focus of operations is on setting up a distribution channel. • Focus areas: St Petersburg, Moscow, other cities with over a million inhabitants. • Target groups: • Construction firms • Log house manufacturers • Wealthy builders of single-family houses and their architects
Revenue by Country 2005 Finland Germany Sweden France Belgium Denmark USA Switzerland Austria • Sales development of one third. • Tulikivi holds a strong position in this small market. • Operations expanded to all the Baltic countries. Russia Estonia
Revenue by Country 2005 Finland Germany Sweden France Belgium Denmark USA Switzerland Austria • Sales growth of one tenth. • Long-term work by the importer. • Focus on Northern Italy. Russia Estonia Italia
Revenue by Country 2005 Finland Germany Sweden France Belgium Denmark USA Switzerland Austria Other countries: The Netherlands, Ukraine, Latvia, Lithuania, Norway, Luxembourg, Hungary Russia Estonia Italy Other
Lining Stones • Soapstone is a very popular material for lining stoves in Central Europe and Scandinavia. • High peak in demand, Tulikivi’s key objective is profitability. • Tulikivi’s market share is over 50%. • Represents a significant share of business operations. • Profitability matches the fireplace business average. • Tulikivi’s strengths are quality, reliable deliveries, exacting workmanship and service. • The customers are Europe’s number one manufacturers, such as Nibe of Sweden and Hark of Germany.
Soapstone Reserves • The foundation of Tulikivi’s operations. • The company possesses stone reserves to last for about 65 years in • Juuka • Suomussalmi • Kuhmo • Paltamo • License to utilize soapstone in the Medvezhyegorsk area of the Republic of Karelia until 2030.
Factory Investment 2006 • Tulikivi Corporation will build a new production plant in Juuka in 2006. • Tulikivi fireplace production capacity will rise by about 20%. • Enables revenue growth of close to EUR 10 million in the next few years. • Investment: about EUR 5 million. • Dozens of new jobs in Juuka in the next few years.
Production Investment 2006, Reasons • The investment is a measure that supports Tulikivi’s growth strategy. • Need for capacity will rise in the near future. • More precise use of raw materials, reserves of leftover stone. • Improving profitability and competitiveness. • Manufacture of new collection.