Stock Exchange release November 22, 2002 12:32:26 PM CET
METSO SUPPLIES BOARD MAKING TECHNOLOGY TO NINE DRAGONS PAPER IN CHINA
Metso Paper will supply board making technology to Dong Guan Nine Dragons Paper Industries Company in China. The delivery will be a part of the company's new board machine project in Dong Guan, Guandong province. The new machine is planned to start up in October 2003. The value of the order will not be disclosed.
Metso Paper's delivery will include the forming section with four headboxes, a wire section, a reel, a winder and auxiliary products, including hydraulics and controls. The new machine will produce white lined chipboard and ivory board.
This is Dong Guan Nine Dragons Paper's third board machine investment in the region since 1999. Metso Paper delivered the first two machines.
Nine Dragons Company is the largest supplier of containerboard materials in Asia. The production capacity of its Guangdong mill is presently more than one million tons per year. The company is a subsidiary of America Chung Nam, a U.S. corporation, which has operated in the Chinese paper market since the late 1980s.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket and 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.