Stock Exchange release October 30, 2003 09:05:08 AM CET
Metso to supply a particleboard line to China
Metso Panelboard will supply equipment for a continuous particleboard production line to Fuzhou Wood-Based Panel Plant in Fujian Province, China. The value of the order is approximately EUR 17 million. The deliveries will begin during the first half of 2004, and the production line will start up during the first half of 2005.
Metso Panelboard will deliver the equipment, engineering services and process automation for the main production line, from woodyard to intermediate storage.
The new line will be the first high capacity continuous particleboard line in China. With its annual production capacity of approximately 255.000 cubic meters, the new particleboard plant will be the largest in the country. The particleboard will be used in furniture production and in construction.
China is one of the main growth markets also in panelboard industry. The overall increase in living standards, the significant infrastructure development programs as well as expanding furniture export from China are boosting both construction industry and the demand for furniture and other panelboard based products.
Fuzhou Wood-Based Panel Plant in one of the main MDF-producers in China. It is now expanding to particleboard production.
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 2002, the net sales of Metso Corporation were EUR 4.7 billion and the personnel totaled approximately 28,500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.