Metso Corporation's press release on August 25, 2010 at 12:00 p.m. local time
Metso will supply a coated cartonboard production line to Lee & Man Paper Manufacturing Co., Ltd to the company's Hongmei mill in Guangdong province, China. The start-up of the new production line is scheduled for the end of 2011. The value of the order is not disclosed. A typical value of a board production line of this type is about EUR 70-90 million, depending on the scope of delivery and production output. The order is included in Paper and Fiber Technology's Q3 orders received.
Metso's delivery will include a complete white lined chipboard machine, from four-ply multi-Fourdrinier forming section to winder, with related air systems.
Lee & Man Paper and Metso have a long and prosperous co-operation, a good example of which are the Changshu and Hongmei kraftliner machines delivered earlier.
Lee & Man Paper Manufacturing Co., Ltd. is one of China's largest paper and pulp producers and it employs currently over 7,000 people. The company, founded in 1994, is listed in the Hong Kong Stock Exchange. In 2009, Lee & Man had a combined annual production capacity of close to 4.5 million tonnes of paper and 300,000 tonnes of pulp. In the financial year ending March 2010 the Group's net sales amounted to about EUR 1.3 million.
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 27,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact:
Kaarlo Hedman, Vice President, Sales, Paper business line, Metso, Tel. +358 40 585 9943
Further information for investors, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253