Oki Pulp and Paper Mills, part of APP's Tjiwi Kimia of Sinar Mas Group, orders key technology for 2 million tonnes/year pulp mill project in South Sumatra, Indonesia, from Valmet; order valued at €340M

ESPOO, Finland , February 7, 2014 (press release) – Valmet Corporation's stock exchange release on February 7, 2014 at 1:30 p.m. EET

Valmet has signed a contract with OKI Pulp & Paper Mills of supplying key technology for a pulp mill project in South Sumatra, Indonesia. Valmet supplies a part of pulp mill equipment and systems with a value of approximately EUR 340 million. The order is included in Valmet's first quarter 2014 orders received.

Commercial production expected to begin in 2016

The new mill is expected to produce approximately 2 million ADT (air dry tonne) of pulp annually. The commercial production is expected to begin in 2016. Valmet's delivery includes the following parts of the pulp mill: two biomass gasifiers, two biomass boilers, an evaporation system, two lime kilns and two pulp dryers.

A leading supplier of key pulp mill technology

"This a good start for the new Valmet and for year 2014", says Pasi Laine, CEO and President of Valmet Corporation. "Valmet is a leading supplier of key pulp mill technology. This order is unique by the scale of the parts to be supplied. The evaporation system and pulp dryers to be supplied will be the largest in the world."

"In Asia Pacific area we have a good market share which is further strengthened by this project.

Local presence is essential and we have a strong supplier network close to customer. We will also set up a local project organization which is supported by business teams located in Finland and Sweden", says Hannu T. Pietilä, Area President, Asia Pacific.

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