Metso to supply another fine paper line to a Shandong Chenming
company in China
(Thomson Reuters ONE) - Metso Corporation's company release on August 6, 2009 at 1:30 p.m.local timeMetso has signed a contract with the Chinese Shouguang MeiLun PaperCo., Ltd., for the supply of a large coated fine paper productionline to the company's mill in Shouguang, Shandong province, China.Shouguang MeiLun Paper is part of Shandong Chenming Paper HoldingsLimited, one of the biggest paper producers in China. The total valueof the order is approx. EUR 150 million. Metso estimates to book theorder in the Q3 order backlog once the contractual down payment hasbeen received.The start-up of the production line is scheduled for the firstquarter of 2011. The delivery will include a complete paper makingline for high quality coated wood free paper.In July 2009 Metso signed a contract for the supply of a fine paperproduction line with Shandong Chenming company's other pulp and papermill in Zhanjiang, Guangdong province, China.In 2008, Shandong Chenming Paper Holdings Limited had a paperproduction capacity of over 3 million tons, a turnover of over EUR2.0 billion and the number of employees was 17,000.Metso is a global supplier of sustainable technology and services formining, construction, power generation, automation, recycling and thepulp and paper industries. We have about 28,000 employees in morethan 50 countries. www.metso.comFurther information for the press, please contact:Bertel Langenskiöld, President, Paper and Fiber Technology, Metsotel. +358 400 813 860Jari Koikkalainen, Senior Vice President, Sales and Marketing, Paperbusiness line, Metso, tel. +358 40 838 8950Further information for investors, please contact:Johanna Henttonen, Vice President, Investor Relations, MetsoCorporation, tel. +358 20 484 3253Metso CorporationOlli VaartimoExecutive Vice President and CFOKati RenvallVice President, Group CommunicationsDistribution:NASDAQ OMX Helsinki LtdMediawww.metso.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 06.08.2009 - 12:30 Uhr
Sprache: Deutsch
News-ID 4430
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