Stock Exchange release February 18, 2004 11:08:10 AM CET
METSO TO DELIVER BOARD MAKING LINE TO JIANHUI PAPER IN CHINA
Metso Paper, together with its Chinese joint venture company Valmet-Xian, will supply a board making line to Dongguan Jianhui Paper Co., Ltd. in China. The new line is scheduled to start up in August 2005. The total value of the order is over EUR 30 million.
The ordered board making line will produce high quality coated recycled 5-ply board in the basis weight range of 250 - 450 g/m² with an annual production capacity of approximately 300,000 tons.
Valmet-Xian as well as Metso's units in Finland and Sweden will participate in the delivery.
Dongguan Jianhui Paper is a significant board producer, located in Dongguan City in the province of Guangdong, Southeastern China. The board making line is the second one delivered to the same customer. The first delivery, the BM1 line, will start up in May 2004.
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 2003, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 27,400. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
For further information please contact:
Tapani Kultaranta, Sales Manager, Board Business Line of Metso Paper, Inc.tel. +358 40 503 4490, firstname.lastname@example.org