ESPOO, Finland, Aug 18, 2014 (Press Release) - Valmet has made a contract with Pratt Paper (IN), LLC for the supply of the paper machine for Pratt's new greenfield paper mill in Valparaiso area, Indiana, USA. The mill will utilize recovered paper in the production of recycled linerboard and corrugated medium. The start-up of the new paper machine, PM16, is scheduled for 2015.
The order is included in Valmet's third quarter 2014 orders received. The value of the order is not disclosed.
"OptiConcept M is a new and modular way to design, build and operate a paper machine. Its modular approach enables short delivery times, quick start-up and low project costs. This will be Valmet's first OptiConcept M installation in North America and we are all proud to work with Pratt on this project," says Mike Gray, SVP Sales, Valmet North America
The new machine will have a wire width of 6.25 meters and a design speed of 1,200 m/min. Valmet's scope of delivery will comprise a complete OptiConcept M board production line from headbox to winder.
Pratt Industries is America's 5th Largest Corrugated Packaging Company and the world's largest, privately-held 100% recycled paper and packaging company, with more than 4,000 highly-skilled, green-collar employees dedicated to the environment and sustainability. Pratt was founded in the USA some 20 years ago and, since then, has shown dramatic growth with sophisticated manufacturing facilities in more than 20 states.
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.