Stock Exchange Releases
10.11.2010
Tulikivi Corporation, known for its heat-retaining fireplaces and interior design stone products, is expanding its saunas business by launching a new and innovative range of sauna stoves.
At the end of the year, Tulikivi will launch a sauna stove collection based on new innovations and 21st-century design. The collection consists of both electric and wood-fired sauna stoves, and the design and technical solutions are based on a novel use of soapstone and ceramic material in sauna stoves.
The comprehensive range of high-quality electric and wood-fired sauna stoves will fit well in Tulikivi’s product selection alongside its fireplaces and interior design stone products, both on the Finnish market and in export markets. The most interesting export markets will be Russia, the Baltic countries and Scandinavia. In Finland, sales and customer service can make efficient use of Tulikivi’s own distribution network. The company has 35 Tulikivi Showrooms and 70 Tulikivi Service Points in Finland.
Tulikivi has appointed Christian Kraft, an engineer by training, as director of its Saunas Business. He has more than ten years’ experience heading sales and marketing in the sauna business.
It is estimated that 150 000 sauna stoves are sold in Finland each year. Half of these are wood-fired and half are electric stoves.
By focusing strongly on new customer segments and product groups, Tulikivi aims to expand its net sales. The company is looking to achieve organic growth of more than ten per cent annually.
TULIKIVI CORPORATION
Heikki Vauhkonen Managing Director
NASDAQ OMX Helsinki Ltd Main media www.tulikivi.com
Tulikivi Corporation, 83900 Juuka, www.tulikivi.com Matti Virtaala, Chairman of the Board of Directors, +358 207 636 666 Heikki Vauhkonen, Managing Director, +358 207 636 555
Tulikivi Corporation is a stock-exchange listed family business and the world’s largest producer of heat-retaining fireplaces. The Group is known for its Tulikivi soapstone fireplaces and natural stone products, and the Kermansavi fireplaces and utility ceramics. The Group’s net sales are approximately EUR 53 million, of which exports account for about half. The Group has six production plants and employs about 500 people. http://www.tulikivi.com