Stock Exchange release November 21, 2006 01:30:19 PM CET
Metso to supply a fiber line to West Coast Paper, India
Metso Paper will supply a new fiber line to an Indian customer - The West Coast Paper Mills Ltd in Dandeli, Karnakata state. The new fiber line project is the first step in a plan to increase the company's paper production and enhance pulp capacity and quality. The value of the order is close to EUR 25 million. The line is scheduled to start up during the second half of 2008.
The new fiber line is designed for a daily capacity of 725 odt (oven dry tonnes) of fully bleached pulp. The line will be the largest single pulp mill fiber line in India. The scope of Metso Paper's delivery comprises cooking, knotting and screening, oxygen delignification and ECF (elemental chlorine-free) bleaching. Wash presses will be installed at each stage of washing of both brown stock and bleached pulps.
Metso Paper also earlier supplied pulping equipment for The West Coast Paper Mill's existing fiber line in Dandeli.
The West Coast Paper Mills Ltd. belongs to the S.K. Bangur Group, which has interests in paper, cables, chemicals, tea, coffee and rubber. Today, the Group's net sales are approximately INR 10,000 million (over EUR 170 million). The West Coast Paper Mills manufactures writing, printing, wrapping and packaging papers.
Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
For further information, please contact:
N. K. Jain, Vice President, Fiber Business Line, Metso Paper, India, tel. +91 124 235 1541,
Yngve Lundahl, Regional Sales Manager, Fiber Business Line, Metso Paper, Sweden,
tel. +46 60 16 51 77
For further information to investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253