Metso Paper will supply a paper making line to the greenfield mill of Propapier GmbH & Co. KG in Germany. The new line, producing up to 650,000 tonnes of liner and fluting grades of 70-130 g/m2 annually, will be located in Eisenhüttenstadt, near the Polish border, and will come on stream in late 2009.
As the investment is still subject to approvals, a dissolution clause is included. The total value of the order is approx. EUR 200 million.
Propapier GmbH is part of Progroup, a group of companies offering products and services for the corrugated board-processing industry. Propapier currently produces 320,000 tonnes of testliner and corrugated medium annually with one of the most modern production lines in the world.
Metso is a global engineering and technology corporation with 2007 net sales of approximately EUR 6 billion. Its almost 27,000 employees in approximately 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:
Reima Kerttula, Senior Vice President, Paper and board machines, Metso Paper
tel +358 40 064 8458
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso, tel. +358 20 484 3253
It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding expectations for general economic development and the market situation, expectations for customer industry profitability and investment willingness, expectations for company growth, development and profitability and the realization of synergy benefits and cost savings, and statements preceded by "expects", "estimates", "forecasts" or similar expressions, are forward-looking statements. These statements are based on current decisions and plans and currently known factors. They involve risks and uncertainties which may cause the actual results to materially differ from the results currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange rates and interest levels which influence the operating environment and profitability of customers and thereby the orders received by the company and their margins
(2) the competitive situation, especially significant technological solutions developed by competitors
(3) the company's own operating conditions, such as the success of production, product development and project management and their continuous development and improvement
(4) the success of pending and future acquisitions and restructuring.
Executive Vice President and CFO
OMX Nordic Exchange in Helsinki