ROBIT PLC: MAJOR PRODUCTIONAL INVESTMENT IN SOUTH KOREA

23.3.2017, 14:30 CET

ROBIT PLC COMPANY RELEASE 23 MARCH 2017 AT 3.30 P.M.

ROBIT PLC: MAJOR PRODUCTIONAL INVESTMENT IN SOUTH KOREA

Robit Plc's Board of Directors has today decided on a major productional investment through which the company will significantly increase its Top Hammer product line's rod and shank manufacturing capacity in South Korea. The increase in the demand for the mentioned products has been strong. The strategy of the company, which emphasizes among others a high price-quality ratio in rod and shank products, has been well received by customers.

The management of Robit Plc believes that the investment in the new production facility will significantly increase the automation level of the production of rod and shank products. The throughput time will also be significantly shortened, which improves the delivery capability and service level to customers. The new production facility will be built close to Seoul and further improve logistical connections. The company estimates that the total investment related to the production facility is approximately EUR 10 million. Production in the new facility is preliminarily estimated to begin by the end of the year 2017.

ROBIT PLC

Harri Sjöholm, Chairman

Further information:

Robit Plc
Harri Sjöholm, Chairman
+358 400 622 092
harri.sjoholm@robit.fi

Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 6162 8101

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 20 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. Robit is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information, see www.robitgroup.com.

Distribution:
Nasdaq Helsinki Ltd
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www.robitgroup.com