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Breaking News -
Metso Paper, together with its Chinese
joint venture company Valmet-Xian, will supply an on-machine coater
to Shandong Chenming Paper Holdings Ltd., in Shouguang, eastern coastal
province of Shandong. The new line is scheduled to start-up in the beginning
of 2005. The value of the order is approx. EUR 15 million.
Metso Paper's delivery consists of
a 4-station on-machine coater with air dryers and stock preparation
systems. The web width of the board machine will be 5,650 mm and design
speed 800 m/min. The main end product will be coated high quality folding
boxboards.
Metso Paper units in Järvenpää and
Valkeakoski in Finland and joint venture located in Xian, China will
participate in the delivery. Valmet-Xian is established in 1989 and
it employs about 1,300 people.
From 2000 onwards, Metso has sold
around 20 coating stations for the production of coated board and fine
paper in China.
Shandong Chenming Paper Holdings Ltd.
is one of the largest paper companies in China. Its production capacity
will be 1.5 million tons of paper and board after this and other ongoing
investments. Shandong Chenming Paper Holdings Ltd. is listed in Shenzhen
Stock Exchange.
Metso Corporation
is a global supplier of process industry machinery and systems, as well
as know-how and aftermarket services. The Corporation's core businesses
are fiber and paper technology (Metso Paper), rock and mineral processing
(Metso Minerals) and automation and control technology (Metso Automation).
In 2002, the net sales of Metso Corporation were EUR 4.7 billion and
the personnel totaled approximately 28, 500. Metso Corporation is listed
on the Helsinki and New York Stock Exchanges.
For additional information, please contact: Olli-Pekka Sorma, Vice President, Sales, Metso Paper, tel.+ 358 40 743 4082, e-mail: olli-pekka.sorma@metso.com
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Source: Hugin Online, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Finland/MEO
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