Stock Exchange release July 6, 2009 12:00:00 PM CET
Metso to supply fine paper line to Zhanjiang Chenming in China, earlier received pulp mill order cancelled
Metso Corporation's company release on July 6, 2009 at 1:00 p.m.
Metso has signed a contract with the Chinese Zhanjiang Chenming Pulp & Paper Co., Ltd., for the supply of the world's largest fine paper production line to the company's greenfield pulp and paper mill in Zhanjiang, Guangdong province, China. The total value of the order is approx. EUR 130 million. The new paper line order is included in Paper and Fiber Technology's Q3 orders received. At the same time Metso has agreed with the customer that the pulp mill order which Metso was awarded in Q3/2008 will be cancelled.
The new fine paper line will be taken into use in the first quarter of 2011. The delivery will include a complete paper making line for woodfree uncoated fine paper from headbox to reel as well as two winders. The wire width of the paper machine is 11,150 mm.
Zhanjiang Chenming is part of Shandong Chenming Paper Holdings Limited, one of the biggest paper producers in China. In 2008, the company's paper production capacity was over 3 million tons, turnover over EUR 2 billion and the number of employees approx. 17,000.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact:
Bertel Langenskiöld, President, Paper and Fiber Technology, Metso, tel. +358 400 813 860
Further information for investors, please contact:
Marja Kortesalo, Investor Relations Manager, Metso, tel. +358 20 484 3211
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