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UPDATE 1-Metso says one China order cancelled, wins another

Mon Jul 6, 2009 7:11am EDT

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* Says 200 million euro China pulp mill order cancelled

* Same client orders 130 mln euro paper machine

(Adds details, quotes)

HELSINKI, July 6 (Reuters) - Finnish engineering group Metso (MEO1V.HE) said on Monday China's Zhanjiang Chenming Pulp & Paper cancelled a 200 million euro ($279.6 million) pulp mill order but placed a new order for a 130 million euro fine paper line instead.

Metso said the new deal would be included in its orders for the third quarter and the order received in the third quarter last year had been cancelled.

The new fine paper line will start up in the first quarter of 2011, Metso said in a statement. (Reporting by Helsinki Newsroom; Editing by David Holmes)



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