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Metso Corporation (NYSE:MX) Metso Corporation Company release on June 18, 2008 at 2.00 p.m.
Metso Paper will supply a new fiber line to Century Pulp & Paper's integrated pulp and paper mill in Uttaranchal state in northern India, near the border to Nepal. The line is scheduled to start up at the end of 2009. The value of the order is close to EUR 23 million.
The scope of the delivery comprises cooking, screening, washing and oxygen stage as well as elemental chlorine-free bleaching plant. Wash presses will be installed at each stage of washing of both brown stock and bleached pulps. The order also includes basic engineering, valves, special instruments, instrumentation, project execution as well as erection and start-up supervision services. Metso Automation will supply distributed control system for the cooking plant and the fiber line.
The new fiber line is designed for a daily capacity of 450 oven dry tonnes (odt) of bleached pulp. The raw material is mixed Indian hardwood, among others eucalyptus. The new line will replace two smaller fiber lines and increase the pulp production. It will supply pulp to the company's newly invested tissue line, also supplied by Metso Paper.
Century Pulp and Paper, a division of Century Textile and Industries Ltd, is a manufacturer of rayon grade pulp and writing and printing paper. Century has an annual total capacity of approximately 360,000 tonnes of mixed hardwood pulp, 85,000 tonnes of bagasse pulp and 31,000 tonnes of nitrocellulose.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 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. www.metso.com
Further information for the press, please contact: Yngve Lundahl, Regional Sales Manager, Fiber business line, Metso Paper, tel. +46 70 653 3801
N.K Jain, Vice President, Fiber business line, Metso Paper India, tel. +91 124 235 1541
Further information for investors, please contact: Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Metso Corporation
Olli Vaartimo Executive Vice President and CFO
Kati Renvall Vice President, Corporate Communications
distribution: OMX Nordic Exchange in Helsinki Media www.metso.com
