Finland’s Metso Paper to supply kraftliner board machine in China

Finnish engineering and technology group Metso Corporation said on Wednesday (19 September) that its subsidiary Metso Paper will supply Lee & Man Paper Co. with a kraftliner board machine to its Hongmei mill in Guangdong province, China.

The new PM 17 will have an annual capacity of 400,000 metric tons and is scheduled to start up in the beginning of 2009, the company said.

The total value of the order is approximately EUR40m.

Lee & Man Paper Manufacturing Co., Ltd. is a containerboard producer in China. The company is listed in the Hong Kong Stock Exchange.

Metso, headquartered in Helsinki, Finland, has 25,000 employees in more than 50 countries and reported net sales of EUR4.96bn in 2006. Metso is listed on the Nordic Exchange in Helsinki.

One British pound (GBP) is worth approximately 1.45 euros (EUR).

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