Stock Exchange release September 8, 2005 01:01:02 PM CET
Metso to rebuild UPM's paper machine at Kaipola, Finland
Metso Paper will modernize the paper machine PM 4 at UPM's Kaipola Mill in Finland. The rebuilt paper machine, producing catalogue paper, will be started up in May 2006. The value of the order is below EUR 10 million.
Metso Paper's delivery will comprise upgrading of the headbox and wire section, as well as changes to the press section. The target of the rebuild is to improve both paper quality and the production line efficiency. The PM 4 has a wire width of 7.6 meters and the speed of 1,450 m/min.
UPM is one of the world's leading producers of printing papers. The Group's sales in 2004 were nearly EUR 10 billion, and it has 33,400 employees. UPM's main products include printing papers, converting materials and wood products. The Group's main market areas are Europe and North America. UPM's shares are listed on the Helsinki and New York Stock Exchanges.
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.