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Valmet to Supply Winding Technology for Parenco

Espoo, Finland 06 July 2015 -- Valmet will supply Parenco B. V. with high capacity winder for company's containerboard making line PM2 in Renkum, Netherlands. The PM2 was shut down in 2009 by mill's earlier owner due to declining demand of newsprint paper. Now, the machine will be converted to produce testliner and fluting grades, which are used in containerboards. The converted PM2 is scheduled to start-up during the third quarter of 2016.

The order is included in Valmet's second quarter 2015 orders received. The value of the order will not be disclosed.

"Valmet's winding technology enables high capacity and reliable production of lightweight packaging board. The proof of this is our strong reference base in Europe. Our OptiWin two drum winders are well suited for multiple grades and models are available for all machine widths", says Kenneth Åkerlund, Product Manager, Winders and Reels, from Valmet.

Technical information about the delivery

Parenco's PM2 has a trim width of 8.5 m. After the conversion it will produce testliner and fluting grades at a capacity of around 385,000 tonnes/yr.

Valmet's delivery includes a fully automated OptiWin two-drum winder comprising core feeding, automatic set change and an end gluing device. Valmet's delivery also includes parent roll handling system, fully automatic roll marking and roll conveyor system, automatic core cutting and core handling system as well as related pulper and air systems and machine control system.

About the customer Parenco

Parenco B. V., located in the Netherlands, has a yearly turnover of approximately EUR 140 million and the company operates two paper machines PM1 and PM2 in their Renkum mill. Parenco has over 200 employees. Since October 2012 the company has been owned by H2 Equity Partners.

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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