Metso Paper's Power business line will supply a new recovery boiler, a new evaporation plant, and a new power boiler for the greenfield pulp mill located in Brazil. Start-up is scheduled for the first half of 2009. The total value of the order is approximately EUR 150 million.
The order was placed to Poyry Empreendimentos Industriais S.A., the contractor chosen by Chamflora, subsidiary of IP, to build the mill at the Três Lagoas site in Brazil's Mato Grosso do Sul state. The project was recently transferred to VCP as part of an asset exchange between the two companies.
The recovery boiler is rated at 5,300 tons of dry solids per day and the evaporation plant at 1,250 tons of evaporated water per hour. The biomass-fired power boiler (108 MWth) utilizes bubbling fluidized bed technology.
The design capacity of this greenfield bleached eucalyptus market pulp mill is 1,250,000 tons per year.
VCP, part of the Votorantim Group which is one of the largest private industrial conglomerates in Latin America, is one of Latin America's biggest pulp and paper manufacturers. In Brazil, it is a leader in the segments of coated paper, carbonless paper, thermal paper and other special grades.
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:
Kari Remes, General Manager, Sales, Metso Power Oy, tel. +358 40 709 2015
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 40 530 0778
Executive Vice President and CFO
Helsinki Stock Exchange
New York Stock Exchange