Skano Group Company Announcement 20.04.2015

Fire incident in a heat exchanger in Skano Fibreboard OÜ Püssi factory

On Saturday April 18th a short term fire broke out at 1:48 a.m. in a heat exchanger on the roof of Püssi fibreboard factory during normal production process. Due to the fire production process is temporarily stopped in Püssi fibreboard factory and will be restarted after the heat exchanger is restored. The exact cause of the fire and total damage is being clarified but according to management initial estimation the incident won’t have significant financial impact on company’s Q2 results. The insurance company has been informed about the incident and according to the insurance contract insurance compensation deductible is limited to 10 thousand euros in such case.

Martin Kalle
+372 447 8331
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