Valmet to deliver a boiler plant to ArcelorMittal Energy Ostrava in the Czech Republic

Valmet Corporation's press release on May 20, 2014 at 12:00 p.m. EET

Valmet will deliver a complete boiler plant to ArcelorMittal Energy Ostrava s.r.o. in the Czech Republic. The new boiler plant will supply steam to existing turbines, which produce electricity and provide process steam to the adjoining ArcelorMittal steel mill. The boiler plant is scheduled to be started up mid-2016. The value of the order is about MEUR 50. The order was included in Valmet's first quarter 2014 orders received.

"The new plant will fulfill EU's future emission limits and provide us with higher boiler efficiency than the existing units," says Vladimir Machat, Investment department, ArcelorMittal Ostrava. "The steel industry is very energy intensive and needs energy at moderate costs in order to ensure competitiveness in the global market. Valmet was able to offer the well proven and high-efficient CYMIC design of CFB boiler with low maintenance and operation costs based on their in-house design, and over 30 years of experience."

Valmet's delivery will include an advanced circulating fluidized bed (CFB) boiler plant including a coal-fired CYMIC boiler, flue gas cleaning, electrical equipment and an automation system. The boiler plant will have a steam production of 320 tons per hour, which corresponds to thermal capacity of 248 megawatts (MW). The new unit will replace four existing pulverized coal fired boilers.

Information about ArcelorMittal Ostrava

ArcelorMittal Ostrava a.s. is the largest steelmaker in the Czech Republic and part of the world's largest steel and mining group ArcelorMittal. It has an annual production capacity of three million tons of steel, such as hot metal and steel, rolled products. It also produces coke and coke-chemical products. Besides the Czech market, the company sells its products to more than 40 countries around the world. ArcelorMittal Ostrava and its subsidiaries employ more than 7,500 people. www.arcelormittal.com

VALMET CORPORATION
Corporate Communications

Further information, please contact:
Jari Niemelä, Director, Project Sales, EMEA, Pulp and Energy Business Line, Valmet Corporation, tel. +358 50 317 8050, jari.niemela@valmet.com

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.