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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Oyj    METSO   FI0009007835


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METSO CORP. : Metso to supply off-machine coater main parts for Ilim Group’s Koryazhma Branch mill in Russia

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07/06/2011 | 02:35pm CEST
Press release
Published Jul 06, 2011 02:32:49 PM +2 GMT

Metso Corporation’s press release on July 6, 2011 at 2:30 p.m. local time

Metso will supply the main components for the coated woodfree paper line’s off-machine coater at the Koryazhma Branch mill of Ilim Group in Koryazhma, Russia. The start-up of the off-machine coater is scheduled for the fourth quarter of 2013. The value of the order is approximately EUR 20 million. The main part of the order is included in Paper and Fiber Technology’s second-quarter orders received and the automation package in Energy and Environmental Technology’s second-quarter orders received.

Metso’s delivery will include a coating station, a calender, two energy efficient high-drying-capacity gas dryers and a winder. The Metso automation system will comprise quality controls, process controls and machine condition monitoring, as well as electric drive and machine controls for the coater and the winder. Metso’s supply will also include a coating color kitchen with ultrafiltration and a roll handling and wrapping machine, serving both the paper machine and the coater. The line will produce uncoated and coated woodfree paper.

Ilim Group is a leading Russian pulp and paper producer, headquartered in St. Petersburg. The strategic partner of Ilim Group is International Paper, a global leader in the paper and packaging industry. The total annual pulp and paper production volume of Ilim Group is more than 2.3 million tonnes. Ilim Group employs over 20,000 people.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 28,500 employees in more than 50 countries. www.metso.com

For further information for the press, please contact:

Ivan Gubin, Director of Customer Relationship Management, Paper business line, Metso

Tel. +7 921 999 1021, +358 40 715 1009

Pekka Turtinen, Senior Sales Manager, Paper business line, Metso

Tel. +358 40 770 7649
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Average target price 23,7 €
Spread / Average Target -3,6%
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