Stock Exchange release March 12, 2004 10:02:16 AM CET
METSO TO DELIVER BOARD MAKING LINE TO FOSHAN HUAFENG PAPER IN CHINA
Metso Paper, together with its Chinese joint venture company Valmet-Xian, will supply a board making line to Foshan Huafeng Paper Co., Ltd. in Zhuhai, Guangdong province in China. The new line is scheduled to start up in the last quarter of 2005. The total value of the order is over EUR 30 million.
The board making line will produce 4-ply White Lined Chipboard (WLC) in a basis weight range of 250 - 450 g/m² and an annual production capacity of approximately 300,000 tons. The line will be 5.15 m wide and its design speed will be 700 m/min.
Foshan Huafeng Paper is one of the largest producers of high-quality coated white board in Southern China. It belongs to Foshan Huaxin Packaging Co., Ltd that is listed in the Shenzen Stock Exhange.
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. It has approximately 26,000 employees in 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.