The Tulikivi Group’s codetermination negotiations at the Heinävesi plant, which began in May, were concluded today. The negotiations are part of Tulikivi Corporation’s profitability programme, as the company wants to focus on its core business in the future.

As a result of the negotiations, 24 people were made redundant, of whom 8 are office staff.

Tulikivi will discontinue its Utility Ceramics Business by the end of 2011, but ceramics manufacturing operations will continue at Heinävesi until the end of the year. Under the profitability and concentration programme the Heinävesi plant will be integrated into the company’s Fireplaces Business and in the future the plant will focus solely on the production of ceramic fireplaces, tiles and fireplace components.

The next stage of Tulikivi’s codetermination negotiations will involve centralising the production of the Natural Stone Products Business and discontinuing the Building Stone Business.

The plan to focus on core businesses will create non-recurring expenses during the current financial year. The total amount of these expenses will become evident and be reported when the above-mentioned codetermination negotiations in building stone production and the Natural Stone Products Business are concluded.

TULIKIVI CORPORATION

Heikki Vauhkonen
Managing Director

Distribution: NASDAQ OMX Helsinki Ltd, key media, www.tulikivi.com

Further information: Tulikivi Corporation, FI-83900 Juuka, Finland, tel. +358 207 606 000,
www.tulikivi.com
– Managing Director Heikki Vauhkonen