Stock Exchange Releases
12.3.2007
The dispute between soapstone fireplace manufacturers Tulikivi Corporation and NunnaUuni Oy has been resolved in favour of Tulikivi in the Market Court. Tulikivi brought a claim against NunnaUuni’s advertising, which in Tulikivi’s view is misleading and against the Consumer Protection Act.
In its ruling, the Market Court held that NunnaUuni Oy’s Mammuttikivi marketing is against the Consumer Protection Act and constitutes unfair business practices. According to the court, said marketing measures by NunnaUuni Oy are misleading and liable to damage Tulikivi Corporation’s business.
The Market Court prohibited NunnaUuni from making advertising claims on the basis of comparisons of the heat resistance of different types of soapstone in conditions that are not relevant. In its ruling, the Market Court stated that NunnaUuni had not complied with the truthfulness obligation set for marketing in the Consumer Protection Act.
As a guarantee for the prohibition, the Market Court imposed a conditionally imposed fine of EUR 50,000 on NunnaUuni Oy and obligated the company to compensate EUR 75,000 of Tulikivi Corporation’s trial costs. NunnaUuni must comply with the injunction as from April 1, 2007.
Tulikivi Corporation’s fireplaces are environmentally friendly and safe. No consumer disputes concerning its fireplaces are pending.
TULIKIVI CORPORATION
Juha Sivonen Managing Director
For additional information, contact: Marketing Director Heikki Vauhkonen, Tulikivi Corporation, tel. +358 207 636 555
Distribution: Helsinki Stock Exchange, principal media
A listed family company, Tulikivi Corporation and its subsidiaries form the Tulikivi Group, the world’s largest manufacturer of heat- retaining fireplaces. The Group is known for its Tulikivi soapstone fireplaces and natural stone products as well as its Kermansavi ceramic fireplaces and utility ceramics. The Group’s revenue amounts to approximately EUR 80 million, about half of which is accounted for by exports. The Group owns seven production plants and employs just over 700 people. www.tulikivi.com