Stock Exchange release March 16, 2004 10:01:23 AM CET
METSO TO SUPPLY A TISSUE MACHINE TO HENGAN HOLDING CO.,LTD IN CHINA
Metso Paper will supply a tissue machine to HengAn Holding Co.,Ltd in An Hai Zhen, Fujian Province, China. The tissue production line will start up in the beginning of 2006. The value of the order is not disclosed.
In addition to the complete tissue machine, the delivery will include Metso Automation's process and quality control system as well as training and start-up services.
The new tissue line will produce 60.000 ton per year of facial and bathroom tissue and towel, and it will use virgin pulp as raw material. The design speed of the 5.5 meter wide tissue machine will be 2000 m/min.
HengAn is a leading Chinese producer of hygiene products with a nationwide sales and distribution network. HengAn Holding is a fully owned subsidiary of HengAn International, whose shares are listed on the Hong Kong stock exchanges. Their turnover is EUR 117 million and they employ more than 6,000 people.
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.