Metso to supply fine paper line to Zhanjiang Chenming in China, earlier received pulp mill order cancelled

Mon Jul 6, 2009 6:06am EDT
 
[-] Text [+]
  HELSINKI, FINLAND, Jul 06 (MARKET WIRE) -- 

Metso Corporation's company release on July 6, 2009 at 1:00 p.m.

    Metso has signed a contract with the Chinese Zhanjiang Chenming Pulp &
Paper Co., Ltd., for the supply of the world's largest fine paper
production line to the company's greenfield pulp and paper mill in
Zhanjiang, Guangdong province, China. The total value of the order is
approx. EUR 130 million. The new paper line order is included in Paper
and Fiber Technology's Q3 orders received. At the same time Metso has
agreed with the customer that the pulp mill order which Metso was awarded
in Q3/2008 will be cancelled.

    The new fine paper line will be taken into use in the first quarter of
2011. The delivery will include a complete paper making line for woodfree
uncoated fine paper from headbox to reel as well as two winders. The wire
width of the paper machine is 11,150 mm.

    Zhanjiang Chenming is part of Shandong Chenming Paper Holdings Limited,
one of the biggest paper producers in China. In 2008, the company's paper
production capacity was over 3 million tons, turnover over EUR 2 billion
and the number of employees approx. 17,000.

    Metso is a global supplier of sustainable technology and services for
mining, construction, power generation, automation, recycling and the
pulp and paper industries. We have about 28,000 employees in more than 50
countries. www.metso.com


Further information for the press, please contact:
Bertel Langenskioeld, President, Paper and Fiber Technology, Metso,
tel. +358 400 813 860

Further information for investors, please contact:
Marja Kortesalo, Investor Relations Manager, Metso, tel. +358 20 484
3211

    

Metso Corporation

Olli Vaartimo
Executive Vice President and CFO

Kati Renvall
Vice President, Group Communications

Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com

    
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.


 
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Copyright Hugin AS 2009. All rights reserved.

    



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