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Metso Corporation (HEL:MEO1V) Metso Corporation Company release on August 20, 2008 at 2 p.m.
Metso has signed a contract with the Chinese Zhanjiang Chenming for the supply of the main equipment for the company's new pulp mill in Zhanjiang, Guangdong province, China. The capacity of the wood pulp mill, to be taken into operation by October 2010, will be 700,000 t/year. The total value of the contract is approx. EUR 200 million. The project execution will begin in August 2008, and the order will be included in the third-quarter order backlog.
The scope of supply comprises the main equipment for the pulping line, including wood handling, cooking, screening and washing, bleaching, drying and baling. For black liquor burning, Metso will supply a recovery boiler, as well as the mill's odorous gas treatment system. The automation supply includes a comprehensive process automation system for the entire pulp mill. The fiber-line automation also includes analyzers and training simulators, and for the pulp dryer, the quality control system.
Metso was selected as supplier due to the technology and environmentally friendly process solutions. The contract emphasizes Metso's strong capabilities as a full-scope supplier for the pulp industry.
Zhanjiang Chenming is a part of Shandong Chenming Paper Holdings Limited, one of the biggest paper producers in China. In 2007, the company's paper production capacity was approximately three million tons, turnover approximately EUR 1,5 billion and the number of employees 15,000.
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: Pasi Mäkelä, SVP, Sales and CRM, Fiber bussiness line, Metso Paper, tel. +358 40 505 4199
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
