Metso Reveals Order For Coated Paper Machine Worth EUR 100

Metso Reveals Order For Coated Paper Machine Worth EUR 100 Mln From Henan Puyang Longfeng Paper In China [MX]

6/6/2007 5:49:31 AM Helsinki, Finland - based diversified machinery company Metso Corp. (MX) announced on Wednesday that the company received an order valued EUR 100 million for supply of lightweight-coated papermaking line to Henan Puyang Longfeng Paper Co. Ltd. in Puyang in China.

The company said that the paper machine would have a capacity close to 1,000 tons of printing and writing paper grades daily. The machine will have a wire width of 7.9 meter and a design speed of 1,800 m/min. Metso expects to deliver from headbox to reel with related stock preparation and air systems. In addition, it would provide wet end chemicals and coating color preparation systems.

Puyang expects to produce 300,000 tons of poplar based chemi-mechanical pulp and 500,000 tons of high quality printing paper.

In a separate announcement, Metso said it would supply an extensive production line rebuild for JSC Segezha Pulp and Paper mill in Russia and a wet-end rebuild in Gruvon mill in Sweden. The total value of the order for JSC Segezha is around EUR 11 million. The company expects to start rebuilt production line in early summer in 2008. The supply for Billeurd will start in spring 2008. The value of the order is not disclosed on request from the client.

MX finished Tuesday's regular trading session at $56.77,down $0.64 on a volume of 19K shares.