KURSSIT JA MARKKINAT / UUTISET

Valmet to supply a board machine rebuild to ITC Limited in India

27.06.2019 klo 14:00 Valmet to supply a board machine rebuild to ITC Limited in India



Valmet Oyj's press release June 27, 2019 at 2:00 p.m. EET

Valmet will supply a board machine rebuild for ITC Limited at its Bhadrachalam
Mill in India. The rebuild of board machine PM 7, currently producing folding
boxboard, is designed to increase production capacity substantially and offer
new quality features. The start-up of the rebuilt machine is scheduled for the
second half of 2020.

The order is included in Valmet's orders received of the second quarter 2019.
The value of the order is not disclosed. The value of a rebuild of this type and
scope is typically around EUR 10-15 million.

"Our goal with this rebuild is to upgrade the machine with latest technology,
enhance the machine performance and ensure our competitiveness in the market,"
says Mr. Sanjay Singh, Divisional Chief Executive, ITC PSPD & Member, CMC, ITC
Limited.

"ITC's coated board machine PM1A delivered by Valmet started up successfully in
June 2018. Customer's satisfaction with Valmet's high performing technology and
project execution helped us secure this rebuild order. The challenging
objectives of the rebuild were addressed with a right combination of technology
and process support via on-demand expert support of Valmet Performance Center,"
says Varun Jain, Director, India region, Valmet.

Technical details about the delivery

Valmet's delivery will include a new OptiFlo Foudrinier headbox, OptiCalender
Compact hard nip calender with compact design, OptiCoat Roll coating station
with OptiDry Coat air dryers, OptiReel Primary reel with primary reeling
devices, improvements in the forming, press and drying sections. The hard nip
calender equipped with Valmet IQ Induction profiler improves caliper control
giving a better base for coating to achieve high quality.

The delivery will also include a Valmet DNA machine control system and Valmet
Performance Center (VPC) services with on-demand expert support. The on-demand
expert support can be used for solving any process or automation related issue
during the agreement period.

The 3,600-mm-wide (wire) board machine will produce superior folding boxboard,
and after the rebuild also solid bleached board (SBS) grades with the basis
weight range of 200-450 g/m(2). The design speed of the new parts will be 600
m/min.

Information about the customer ITC Limited

ITC Limited is an Indian multinational conglomerate company headquartered
in Kolkata, West Bengal. ITC's Paperboards and Specialty Papers Division is
India's largest paper and paperboard company that manufacturers packaging and
graphic boards accompanied by a diverse range of specialty papers and boards.

VALMET
Corporate Communications

For further information, please contact:
Varun Jain, Director, India Region, Valmet, tel. +91 96548 13696
Petri Paukkunen, Vice President, Board and Paper Mills, Valmet, tel.
+358 40 744 8182

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.

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

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Source: Valmet via GlobeNewswire
http://www.valmet.com
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