Stock Exchange release October 5, 2005 02:04:59 PM CET
Metso agrees with Myllykoski to supply paper making line in the Czech Republic
Metso Paper has agreed with Myllykoski Corporation to supply a large paper making line, to be located in the Czech Republic. As the investment is still subject to e.g. local authority approvals, a dissolution clause is included. Project engineering has been started on separate terms, in anticipation of the final confirmation. Myllykoski is scheduling the line to come on stream in early 2007. The delivery will be valued at well over EUR 200 million.
The 380,000 tpy production line will produce a full range of uncoated publication papers. Metso's scope of supply contains wood-handling and PGW plants; stock preparation; a 2000 m/min, 11.3-m-wide paper machine with on-machine calendering; winders; and roll finishing systems. Metso Automation will supply a large automation system package.
Myllykoski Corporation is a family-owned international paper industry group operating mainly in Europe and North America. The Group's products - wood-containing and recycled fiber-based uncoated and coated publication papers, as well as newsprint, are sold to publishers, printers and catalogers worldwide. Myllykoski operates nine paper mills with a total annual capacity of 2.8 million tons. The Group companies employ approximately 3,800 persons.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.