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Oriola-KD has signed a leasing agreement on a new main logistic center in Moscow
26.6.2013
Oriola-KD Corporation Stock Exchange Release 26 June 2013 at 8.30 a.m. Oriola-KD has signed a 10 years leasing agreement on a new main logistic center to Radius Group's premises, "South Gate Industrial Park", in Domodedovo area to the south of Moscow. The total investment is approximately EUR 12 million including automation solution, warehouse machinery and equipment. Due to the investment plan, Oriola-KD will book in total EUR 2.0 million in accelerated depreciation during 2013 and 2014. The total floor space of the new main logistic center is approximately 30 000 square meters. The level of automation is targeted to be approximately 40 percent. The goal for transferring the operations and building the automation to the new main logistic center in Moscow is to increase the capacity, to improve the delivery quality and to increase the picking efficiency. According to the plan the operations will be transferred and the full capacity will be achieved by the end of the first quarter in 2015. Oriola-KD Corporation Eero Hautaniemi President and CEO Petter Sandström General Counsel Further information: Joni Ihantola Vice President, Treasury and IR tel. +358 10 429 4386 email: joni.ihantola@oriola-kd.com Petter Sandström General Counsel tel. +358 10 429 5761 email: petter.sandstrom@oriola-kd.com Distribution: NASDAQ OMX Helsinki Ltd. Key media Released by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland www.oriola-kd.com [HUG#1712021]