SVEZA Group is planning to construct a modern pulp mill in the Russian Federation, Vologda region. In November 2017, SVEZA selected Valmet as a partner to execute the potential pulp mill's basic engineering, which has now been completed.

On September 26, 2018, Valmet and SVEZA have signed a Memorandum of Understanding with the objective of further cooperation in the planned pulp mill project. SVEZA is now proceeding with preparations, including environmental permits, for the possible pulp mill.

Information about the customer SVEZA

SVEZA is a worldwide known plywood producer. Currently the company produces high-quality plywood of natural Russian birch at its 6 mills. With annual production of 1,260,000 m3 the company is the world's largest producers of natural Russian birch plywood.

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 2017 were approximately EUR 3.1 billion. Our more than 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 Helsinki.

For further information, please contact:

Bertel Karlstedt, President, Pulp and Energy, Valmet, tel. +358 10 672 0000