Valmet Corporation's stock exchange release on February 7, 2014 at 1:30 p.m. EET
Valmet has signed a contract with OKI Pulp & Paper Mills of supplying key technology for a pulp mill project in South Sumatra, Indonesia. Valmet supplies a part of pulp mill equipment and systems with a value of approximately EUR 340 million. The order is included in Valmet's first quarter 2014 orders received.
Commercial production expected to begin in 2016
The new mill is expected to produce approximately 2 million ADT (air dry tonne) of pulp annually. The commercial production is expected to begin in 2016. Valmet's delivery includes the following parts of the pulp mill: two biomass gasifiers, two biomass boilers, an evaporation system, two lime kilns and two pulp dryers.
A leading supplier of key pulp mill technology
"This a good start for the new Valmet and for year 2014", says Pasi Laine, CEO and President of Valmet Corporation. "Valmet is a leading supplier of key pulp mill technology. This order is unique by the scale of the parts to be supplied. The evaporation system and pulp dryers to be supplied will be the largest in the world."
"In Asia Pacific area we have a good market share which is further strengthened by this project.
Local presence is essential and we have a strong supplier network close to customer. We will also set up a local project organization which is supported by business teams located in Finland and Sweden", says Hannu T. Pietilä, Area President, Asia Pacific.
Further information, please contact:
Jyrki Holmala, Business Line President, Pulp and Energy, Valmet Corporation, +358 10 676 3210
Hannu T. Pietilä, Area President, Asia Pacific, Valmet Corporation, +66 81 862 1122
VP, Investor Relations
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.