Klabin contracts Valmet to supply two pulp drying lines for its Puma project in Ortigueira, Brazil, sets delivery for March 7; Valmet includes project in its Q2 orders, says project of this size and scope typically valued at €150M-€200M

Debra Garcia

ESPOO, Finland , May 6, 2014 (press release) – Valmet and Klabin S.A. have signed the supply contract, according to which Valmet will supply two pulp drying lines to Klabin's new plant in Ortigueira in Paraná, Brazil. Valmet announced the letter of intent of the delivery on March 7, 2014.

The project is included in Valmet's orders received in the second quarter of 2014. A project of this size and scope is typically valued at EUR 150 - 200 million.

The pulp dryer investment is part of Klabin's Puma project. The annual production capacity of Klabin's new plant will be 1.5 million tons and consists of both softwood fluff pulp and eucalyptus hardwood market pulp. The start-up of the new plant is scheduled to be in the first half of 2016.

The employment impact of Valmet's project delivery to Klabin is expected to be in total around 500 man years mainly in Finland, Sweden and Brazil.

Information about Klabin S.A.

Klabin is the biggest paper producer and exporter in Brazil. It produces packaging paper and board, corrugated packaging and industrial bags in addition to selling timber in logs. Klabin has 16 industrial plants of which 15 in Brazil and one in Argentina. The company was founded in 1899.

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.

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