Metso to supply another fine paper line to Shandong Chenming unit in China

HELSINKI, Aug. 6, 2009 (Market Wire) - Metso has signed a contract with the Chinese Shouguang MeiLun Paper Co., Ltd., for the supply of a large coated fine paper production line to the company's mill in Shouguang, Shandong province, China. Shouguang MeiLun Paper is part of Shandong Chenming Paper Holdings Limited, one of the biggest paper producers in China. The total value of the order is approx. EUR 150 million. Metso estimates to book the order in the Q3 order backlog once the contractual down payment has been received.

The start-up of the production line is scheduled for the first quarter of 2011. The delivery will include a complete paper making line for high quality coated wood free paper.

In July 2009 Metso signed a contract for the supply of a fine paper production line with Shandong Chenming company's other pulp and paper mill in Zhanjiang, Guangdong province, China.

In 2008, Shandong Chenming Paper Holdings Limited had a paper production capacity of over 3 million tons, a turnover of over EUR 2.0 billion and the number of employees was 17,000.