Stock Exchange release May 9, 2006 09:01:29 AM CET
Metso to supply another kraftliner board machine to Lee & Man in China
Metso Paper will supply another kraftliner board machine to Lee & Man Industries Co. Ltd following an order placed in November 2005. The new 400,000 metric tpy machine - PM 9 at their Hongmei, China mill - will start up during the first quarter of 2007. The order is valued at close to EUR 40 million.
The new Hongmei PM 9 will be 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 also includes Metso Automation's machine control systems.
The new machine will produce kraftliner board grades to be used by local box plants. The surrounding Guangzhou-Dongguan area forms a massive base for numerous manufacturing companies in various industries.
Lee & Man Paper is one of the largest containerboard producers in China. The company is listed in the Hong Kong Stock Exchange and it owns three containerboard mills in China. The three mills' combined annual production capacity is over 2 million metric tons. The company also owns waste paper operations in the USA and Europe, as well as an unbleached kraft pulp mill in the USA.
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:
Hannu T Pietilä, Vice President, Sales, Metso Paper, tel. +358 40 503 4085
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation,
tel. +358 40 530 0778