ESPOO, Finland, May 8, 2019 (Press Release) -Valmet will supply key board making technologies to Kraft of Asia Paperboard & Packaging for its new containerboard making line, which will be located in Phu My, Vietnam.
The order was included in Valmet's orders received of the first quarter 2019. The value of the order will not be disclosed.
Kraft of Asia Paperboard & Packaging is a new company established by Marubeni Corporation (Marubeni). By establishing the new company with a new board production line (PM 1), Marubeni aims to proactively expand its containerboard business in the growing Vietnamese market. Kraft of Asia Paperboard & Packaging has received the permits for one million ton annual capacity and the company plans to invest in three board machines in the following 10 years. The start-up of the first machine (PM 1) is scheduled for the second half of 2020.
Technical details about the delivery
Valmet's delivery will include three OptiFlo Foudrinier headboxes for excellent profiles and good formation, and an OptiPress Linear press section to achieve excellent end product properties, high dewatering capacity and good runnability. The delivery will also include a start-up package of spare parts and consumables.
About the customer Kraft of Asia Paperboard & Packaging
Kraft of Asia Paperboard & Packaging Co., Ltd. (KOA), is a new company established by Marubeni to start a containerboard manufacturing and packaging material sales business in Vietnam. Marubeni is engaged in importing, exporting and trading of domestic and overseas products and commodities, and also in production activity in various business fields. In pulp and paper business, Marubeni also operates afforestation and produces woodchip, pulp, printing & writing paper and containerboard all over the world.
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.
Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.
Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.