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Valmet to Supply Tenth Paper Making Line to Lee & Man

Espoo, Finland 21 August 2015 -- Valmet will supply a complete OptiConcept M containerboard production line for Lee & Man in Jiang Xi in China. The new production line is planned to produce high-quality containerboard grades out of 100 percent recycled raw materials. The start-up of the machine is scheduled for the fourth quarter of 2016.

The order is included in Valmet's third quarter 2015 orders received. The value of the order will not be disclosed. An order of this scope is typically valued around EUR 40-50 million.

"OptiConcept M has really made its breakthrough as an industry standard for paper and board manufacturing, which is proven by this repeat order from Lee & Man", says Juha Kivimaa, Director, Sales Technology in Valmet's Paper business.

"This repeat order to Valmet strengthens our long partnership in this business area. With good combination of local and imported know how Valmet has shown its capability in earlier projects. Lightweighting is a trend in containerboard business and Valmet's technology is very suitable for these grades", says Edmond Lee, CEO of Lee & Man.

The line ordered by Lee & Man will be the tenth OptiConcept M production line to be supplied by Valmet since the first delivery in 2012. In addition to Asia, Valmet has delivered OptiConcpet M lines also in North America and Europe. The compact and efficient OptiConcept M production line concept covers grades from recycled containerboards to cartonboards and fine paper.

Valmet's delivery will comprise a complete board machine with related process automation solutions, air systems and winder. The annual production capacity of the new machine will be approximately 300,000 tonnes and the design speed 1,200 m/min.

Information about the customer Lee & Man

Lee & Man Paper Manufacturing Ltd manufactures linerboard and corrugating medium grades for industrial packaging purposes. Lee & Man Paper Manufacturing Ltd has been established in 1994 and it is listed on the Hong Kong Stock Exchange. At present the company has about 7 million tons board production capacity in China.

Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 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 OMX Helsinki Ltd.


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