Valmet to supply an extensive paper machine grade conversion rebuild for Stora Enso in Finland

18.06.2019 klo 11:00 Valmet to supply an extensive paper machine grade conversion rebuild for Stora Enso in Finland

Valmet Oyj's press release on June 18, 2019 at 11:00 a.m. EET

Valmet will supply an extensive paper machine grade conversion rebuild for Stora
Enso at its Oulu Mill in Finland. In the project, originally Valmet-supplied
paper machine PM 7, which is currently producing fine papers, will be rebuilt to
produce high-quality virgin-fiber-based kraftliner grades.

The order is included in Valmet's orders received of the second quarter 2019.
The value of the order will not be disclosed.

The project is part of Stora Enso's investment plan to transform to higher
profitability business with grade conversion projects. Oulu Mill will cease to
produce wood-free coated papers by the end of 2020. The start-up of the rebuilt
PM 7 is scheduled for the end of 2020.

"The conversion of Oulu Mill will enable Stora Enso to further improve its
position in the growing packaging business and we are taking a major step
forward in our transformation," says Project Director Ari Saarnio from Stora

"Valmet and Stora Enso have had a long and successful cooperation over the years
at all of Stora Enso's mills. Our strong experience in complicated projects and
grade conversions is essential for this project. It is also an advantage that
the paper machine was originally supplied by Valmet in 1997. It will smoothen
the project execution further. The selected technology will enable high end-
product quality and production capacity in a sustainable way," says Jari
Vähäpesola, President of Paper Business Line, Valmet.

Technical details about the delivery

Valmet's delivery will include a new world-class production line for virgin-
fiber based kraftliner (both brown and white-top). All the equipment will be
delivered with installation.

The 9,000-mm-wide (wire) PM 7 will be producing kraftliner and white top liner
grades with a basis weight range of 80-225 g/m(2). The design speed of the new
parts will be 1,300 m/min. The annual capacity will be 450,000 tonnes.

Information about the customer Stora Enso

Part of the bioeconomy, Stora Enso is a leading global provider of renewable
solutions in packaging, biomaterials, wooden constructions and paper. The
company employs some 26,000 people in more than 30 countries. The Oulu Mill in
northern Finland currently produces wood-free coated paper and bleached softwood

Happy faces after shaking hands after the deal (from left): Teemu Houhala, Kari
Räisänen (both from Valmet), Ari-Pekka Määttänen, Rickard Arnqvist (both from
Stora Enso), Jari Vähäpesola (Valmet), Ari Saarnio, Harri Metsärinne (both from
Stora Enso), Kirsi Peltola, Marko Oinonen, Pasi Ronkainen (all three from
Valmet), Janne Myllykangas (Stora Enso) and Kimmo Kyllönen (Valmet).

Corporate Communications

For further information, please contact:
Jari Vähäpesola, President, Paper Business Line, Valmet, tel. +358 40 558 6555
Kari Räisänen, Sales Director, EMEA and NA, Board and Paper Mills, Valmet, tel.
+358 40 518 0567

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

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

Read more www.valmet.com, www.twitter.com/valmetglobal

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Source: Valmet via GlobeNewswire