ESPOO, Finland, March 7, 2014 (Press Release) - Valmet will supply an OptiConcept M containerboard production line for Cheng Yang Paper Mill Co.,Ltd. in Vietnam. The new production line is planned to produce high-quality containerboard grades out of 100 percent recycled raw materials. The start-up of the machine is scheduled for 2015.
The value of the order will not be disclosed. The main part of the order is included in Valmet's first quarter 2014 orders received.
"The line ordered by Cheng Yang Paper Mill will be Valmet's fifth OptiConcept M production line to be supplied to Asia. The first delivered line was successfully started up in China in December 2012," says Kari Räisänen, Sales Director of Valmet. "The advantage of our OptiConcept M technology is in its modular approach which enables short delivery times, quick startup and low project costs."
Valmet's novel OptiConcept M production line stands for economy of total investment, personnel safety and machine usability as well as reduction of environmental load. The production line optimizes the machine investment in line with the mill's capacity needs and ensures optimized productivity at minimal operational cost. The production capacity of the new machine will be approximately 1,450 tonnes per day and the design speed is 1,300 m/min.
Cheng Yang Paper Mill Co., Ltd. manufactures kraftliner, testliner and medium paper grades. The company was founded in 2003 and is based in Ho Chi Minh, Vietnam. As of May 5, 2008, Cheng Yang Paper Mill Co., Ltd. operates as a subsidiary of Nine Dragons Paper (Holdings) Ltd.
Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.
The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.