Stock Exchange release November 19, 2002 11:32:02 AM CET
METSO SUPPLIES BOARD MAKING LINE TO DONGGUAN JIAN HUI, CHINA
Metso Paper, together with its Chinese joint venture company Valmet-Xian, will supply a machine for the production of coated White Lined Chipboard (WLC) to Dongguan Jian Hui Paper Company Ltd. of China. The machine will start up in the southern province of Guangdong in April 2004. The total value of the order is approx. EUR 35 million.
The delivery will consist of a four-layer, on-machine board making line. The board machine has a wire width of 4.95 m and a design speed of 700 m/min.
The customer, Dongguan Jian Hui, is owned by three companies, Jianhua Paper Co. Dongguan City; Kin Fai International Industries Ltd. of Hong Kong and Sun Paper of China. Prior to this new agreement, the same customers have ordered a total of four machines from Valmet-Xian: two 4.95 m-wide fluting machines currently being delivered to Jianhua Paper, and two WLC machines for Sun Paper in Shandong, northeastern China.
In 2001 Sun Paper started up a Valmet-Xian WLC machine. The company has also earlier this year placed a repeat order for a production line with a similar machine for the manufacture of art board and liquid packaging board. The line will come on stream in autumn 2003.
Dongguan Jian Hui Paper Co. Ltd. specializes in packaging boards, this order being their first investment in coated grade production. Sun Paper is one of China's leading producers of WLC and the country's fifth largest board manufacturer.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.