Stock Exchange release December 15, 2005 09:02:44 AM CET
Metso to supply a kraftliner board machine to Lee & Man Paper in China
Metso Paper will supply a kraftliner board machine to Lee & Man Paper Co. The machine will have an annual capacity of 400,000 metric tons and is scheduled to start up in December 2006 in Changshu, China. The total value of the order is approximately EUR 40 million.
Lee & Man Paper's new board machine is a single-supplier delivery from Metso Paper. It will have a wire width of 7,250 mm and a design speed of 1,150 m/min. The delivery includes Metso Automation's machine control systems.
The new machine, PM 8, to be located at Lee & Man's Changshu mill, will produce kraftliner board grades to be used by local box plants. The Changshu area, close to Shanghai, serves as an important base for a large number of manufacturing companies in various industries.
Lee & Man Paper is one of the largest containerboard producers in China. The company, which is listed in the Hong Kong Stock Exchange, has three containerboard mills in China with the combined annual production capacity of 1.6 million metric tons. The company also owns waste paper operations in the USA and Europe, and an unbleached kraft pulp mill in the USA.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, energy industry as well as in selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 23,000 employees in more than 50 countries. Metso's shares are listed in the Helsinki and New York Stock Exchanges.