Rautaruukki Oyj : Rautaruukki and Ruukki Group settle name dispute - Ruukki
Group to change its names
Rautaruukki Corporation Stock exchange release 30 April 2013 at 2pm EEST
Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have today settled their
name dispute. Consequently Ruukki Group is to change its names. Ruukki Group
is to assign all its rights to the Ruukki name and Ruukki trademark to
The agreement includes a transition period of six months within which time
Ruukki Group will change the names of the listed company and all its
subsidiaries. Under the agreement, Ruukki Group will assign all Ruukki
trademarks in its possession and its rights to the Ruukki name to Ruukki.
Thereafter, the parties will abandon legal actions initiated against each
other. Rautaruukki will pay Ruukki Group compensation for the rights. This
compensation is not significant.
Rautaruukki has been using the Ruukki name since the 1970s in many products
and product groups. Rautaruukki's Ruukki trademark is registered or
registration is pending in a total of 95 countries. In addition, the names of
Rautaruukki Corporation's subsidiaries in different countries have been
registered as beginning with the name Ruukki.
21 December 2009 Rautaruukki initiates legal proceedings to protect its Ruukki
15 June 2010 Legal proceedings pending: Rautaruukki adheres to its legal
action initiated in respect of trademark and company name infringement
15 June 2012 District court dismissed Ruukki Group's claim
For further information, please contact:
Olli Huuskonen, SVP, General Counsel, tel. +358 20 5929 300
SVP, Marketing and Communications
Ruukki specialises in steel and steel construction. We provide customers with
energy-efficient steel solutions for better living, working and moving. We
have around 9,000 employees and an extensive distribution and dealer network
across some 30 countries including the Nordic countries, Russia and elsewhere
in Europe and the emerging markets, such as India, China and South America.
Net sales in 2012 totalled EUR 2.8 billion. The company's share is quoted on
NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com
NASDAQ OMX Helsinki
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information contained therein.
Source: Rautaruukki Oyj via Thomson Reuters ONE
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