Stock Exchange release August 24, 2004 09:01:58 AM CET
METSO TO SUPPLY A PAPERMAKING LINE TO HANKUK PAPER IN SOUTH KOREA
Metso Paper will supply a production line for fine paper to Hankuk Paper's Onsan mill in South Korea. The line will be started up at the end of 2005. The customer has requested that the value of the order is not disclosed. This will be the third line supplied by Metso Paper to this mill.
The delivery will include a complete paper making line PM 4 equipped with a machine control system supplied by Metso Automation. The paper width at the reel is 5.2 m and the design speed 1,200 m/min. The capacity will be 200,000 tons/year.
Hankuk Paper is the leading paper company in Korea. The company was founded in 1958, and it produces a variety of woodfree printing and writing papers. After the start-up of the new production line in 2005, the company will have a total capacity of 560,000 tons annually.
According to long-term estimates (years 2000-2015), the consumption of paper and board in South Korea is expected to grow by nearly 3 percent, which exceeds the global growth rate of 2.2 percent.
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. Metso has approximately 26,000 employees in 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.