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Chadwick-BaRoss, Inc. to partner with Ponsse North America, Inc.
PONSSE OYJ STOCK EXCHANGE RELEASE 12 May 2006, 12:00 a.m.
Chadwick-BaRoss, Inc. to partner with Ponsse North America, Inc. United States, Finland - May, 2006 - Chadwick-BaRoss, Inc. and Ponsse North America, Inc. have agreed to co-operate in the North East United States to distribute the PONSSE timber harvesting equipment and processing heads to help customers throughout New England accomplish their timber harvesting tasks in a productive, cost-efficient manner. Chadwick-BaRoss, Inc. is a highly respected supplier of forest machinery in its area, having over 75 years of experience in the forest industry, representing companies like Timberjack since the 1960s. Chadwick-BaRoss, Inc. began in 1929 as the Portland Tractor Company in Portland, Maine. Chadwick-BaRoss, Inc. is now one of the largest Volvo dealers in New England. They represent multiple lines of leading manufacturers in the industry and the company has from Maine to Connecticut five full service and sales facilities. Chadwick-BaRoss, Inc. has become uniquely positioned to provide a selection of the best equipment available anywhere with support unsurpassed in the industry it serves. "This agreement is part of Ponsses strategy to expand its distribution network through independent companies with a strong presence amongst the areas forest industry. The cut-to-length harvesting method will become even more commonly used in mechanized timber harvesting in the area. The annual cut in Chadwick- BaRoss´ operating area is about 20 million cubic metres. Chadwick-BaRoss, Inc´s strength is in its solid experience in sales and servicing forest machinery. Our new partner has a strong service network for securing customers effective use of forest machinery. The arrangement will strengthen Ponsse's market position in North America," says Ponsse Oyj´s President and CEO Arto Tiitinen. Vieremä, 12 May 2006 PONSSE OYJ Arto Tiitinen President and CEO FOR FURTHER INFORMATION, PLEASE CONTACT: Arto Tiitinen, President and CEO, Ponsse Oyj tel. +358 400 566 875 DISTRIBUTION Helsinki Stock Exchange Principal media www.ponsse.com