Stock Exchange release May 21, 2007 08:31:35 AM CET
Metso supplies board machine to Lee & Man Paper in Vietnam
Metso Paper will supply Lee & Man Paper Co. with a kraftliner board machine for their new mill, to be built in Vietnam. The new PM 15 will have an annual capacity of 400,000 metric tons and is scheduled to start up in July 2008. The total value of the order is approximately EUR 40 million.
The new 3-ply board machine is a single-supplier delivery from Metso Paper. The delivery also includes machine controls and quality control systems by Metso Automation.
PM 15 will have a wire width of 7,250 mm and a design speed of 1,150 m/min. It will be the largest paper or board machine ever installed in Vietnam, at the same time representing the first investment in high-technology paper and board making in the country.
The new mill will be located at a greenfield site 200 km south of Ho Chi Minh City. Once completed, the new mill will serve the fast growing Vietnamese packaging market with high quality linerboard products. In 2005, paper and board consumption totaled 1.3 million tons in Vietnam, and annual consumption per capita was approximately 13 kg.
Lee & Man Paper Manufacturing Co., Ltd. is one of China's largest containerboard producers. The company, founded in 1994 and listed on the Hong Kong Stock Exchange, has three containerboard mills with a combined annual production capacity of 2.2 million metric tons.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 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.
Further information for the press, please contact:
Hannu T Pietilä, Senior Vice President, Sales and Marketing, Paper & Board Business Line, Metso Paper, tel. +358 40 503 4085
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253