NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 29 June, 2011 at 10.00 am
Neo Industrial changes its category of the Global Industry Classification Standard at the Nasdaq OMX Helsinki as of 1 July, 2011. The company’s new sector will be the stock exchange’s Small Cap/Industrials industry, sub-sector Capital Goods (further sub-sectors Electrical Equipment; Electrical Components and Equipment). Neo Industrial’s sector has been Small Cap/ Financials since being listed in 1996.
In the past few years, Neo Industrial has transformed from an investment company into an industrial owner and developer. The company divested its securities and money market investments entirely in 2010. Neo Industrial’s current industries are Cable, Viscose Fibers and Single Family Housing.
The Cable segment encompasses one of Finland’s largest cable manufacturers, Reka Cables, and associated companies Oulu-based Nestor and Russian Expokabel. Started in 2010, the Viscose Fibers segment includes the Valkeakoski-based, internationally leading viscose fiber manufacturer Avilon. The Single Family Housing segment is formed by an associated company Finndomo, the leading Nordic single family house manufacturer.
Neo Industrial Plc
Markku E. Rentto
Managing Director
Further information:
Markku E. Rentto, Managing Director, Neo Industrial Plc, Tel + 358 207 209 190
Neo Industrial Plc's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's B shares are listed on the NASDAQ OMX Helsinki Stock Exchange.
Neo Industrial’s business segments are Cable (Reka Cables, Expokabel, Nestor Cables), Viscose Fibers (Avilon) and Single Family Housing (Finndomo).