Metso Paper will supply Lee & Man Paper Co. with a kraftliner board machine to its Hongmei mill in Guangdong province, China. The new PM 17 will have an annual capacity of 400,000 metric tons and is scheduled to start up in the beginning of 2009. 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.
Metso has supplied Lee & Man two board machines which have started up in China this year (Changshu PM 8 and Hongmei PM 9). The board machine (PM 15) is currently under delivery to Lee & Man's new site in Vietnam.
Lee & Man Paper Manufacturing Co., Ltd. is one of China's largest containerboard producers. The company, founded in 1994 and listed in 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 more than 26,000 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.
Further information for the press, please contact:
Kaarlo Hedman, Vice President, Sales, Paper and Board business line, Metso Paper
Tel. +358 40 585 9943
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Executive Vice President and CFO
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