Displaying items by tag: valmet corporation

Valmet will supply a high-speed containerboard making line for a customer in Zhejiang province, China. The board production line is designed to produce high-quality recycled fluting grades and the start-up is scheduled for the end of year 2019.

valmet logoThe order is included in Valmet's second quarter of 2018 orders received. The value of the order will not be disclosed. The total value of an order of this type and scope is typically around EUR 25-35 million.

The customer's goal for the project is to increase its capacity and market share. "The customer is growing strongly and wants to achieve larger market share with more production capacity and a bigger production machinery. Valmet's strong references convinced the customer to choose our reliable and high-performing technology. One differentiating and decisive factor was Valmet's new type of a spray sizer," says Fan Ze, Vice President, Capital Sales, China, Valmet.

Technical details about the delivery

Valmet's delivery includes a complete containerboard making line with broke collection, approach flow system, an OptiFlo Foudrinier headbox, an OptiFormer Hybrid forming section with shoe and blade technology, an OptiPress Center press section, an OptiRun dryer section, OptiAir Hood high humidity hood, an OptiSizer Spray sizer with related supply system and surface size preparation system, ventilation equipment for board machine, and an OptiReel Pope reel. The delivery includes also Valmet IQ quality measurement system (QMS).

The 7,250-mm-wide (wire) board machine will produce recycled fluting grades with the basis weight range of 60-40 g/m2. The design speed of the machine will be 1,400 m/min.

Additional Info

  • About

    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.

    Read more www.valmet.com

  • Contacts

    For further information, please contact:

    Fan Ze, Vice President, Capital Sales, China, Valmet, tel. +86 10 6566 6600 3108

    Mika Ollikainen, Sales Director, Asia-Pacific and China, Valmet, tel. +358 45 271 1711

Published in Asian News

Valmet will supply a containerboard making line for Hamburger Rieger GmbH at its Spremberg Mill in Germany. The new production line (PM 2) including Valmet's automation solutions will be designed to produce high-quality testliner grades based on 100% recycled paper.

With the new high performance boardmaking machine producing products of a wide basis weight range, Hamburger aims to further strengthen its position in the growing European containerboard business. The start-up of the machine is scheduled for mid-2020.

The order is included in Valmet's second quarter of 2018 orders received. The value of the order will not be disclosed. The total value of an order of this type is typically around EUR 70-90 million.

"The ability to show good references is always an important factor when a customer chooses a supplier. This was also crucial for Hamburger when they decided to make an agreement with Valmet. Valmet's technology delivers high productivity, resource efficiency, excellent quality and low operating costs. We have built up a good and close relationship with Hamburger over the years. This forms an optimal foundation for an excellent project and a strong reference for Valmet in Europe," says Vesa Simola, EMEA Area President of Valmet.

After signing the contract, from left: Werner Ofenböck, Jan Hagen (both from Hamburger), Harri Heikkilä (Valmet), Harald Ganster (Hamburger), Vesa Simola (Valmet), Cord Prinzhorn (Hamburger) and Marko Oinonen (Valmet) After signing the contract, from left: Werner Ofenböck, Jan Hagen (both from Hamburger), Harri Heikkilä (Valmet), Harald Ganster (Hamburger), Vesa Simola (Valmet), Cord Prinzhorn (Hamburger) and Marko Oinonen (Valmet)

Technical details about the delivery

Valmet's delivery will include a new high-capacity containerboard machine from headbox to reel followed by an OptiWin Pro winder. The winder was selected because it gives high capacity due to its proactive winding geometry and faster sequences. The winder is equipped with Dual Unwind giving even higher capacity because the parent rolls can be changed in only one minute. The machine will be delivered with a fabrics package. The automation solution includes Valmet IQ quality measurement system and Valmet DNA process control system. The delivery will also include process support for six months after the start-up. The goal of the support period is production and quality development.

The 8,600-mm wide (wire) containerboard machine will produce uncoated white and brown testliner and white top testliner grades with a basis weight range of 90-180 g/m2. The design speed of the machine will be 1,500 m/min and the capacity 500,000 tonnes annually.

About the customer Hamburger Rieger

Hamburger Rieger is part of the Hamburger Containerboard Division within the Austrian Prinzhorn Group. Hamburger Rieger is the market leader in the segment of white coated corrugates base paper. With 2 million tonnes and seven plants, Hamburger Containerboard ranks among Europe's leading manufacturers of premium corrugated base paper. With its 6,600 employees in 15 countries, the Prinzhorn Group is a European market leader in the packaging, paper and recycling industry. The family owned and managed Prinzhorn Group has its headquarters in Vienna, Austria.

Additional Info

  • About

    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.

    Read more www.valmet.com

  • Contacts

    For further information, please contact:

    Vesa Simola, Area President, EMEA, Valmet, tel. +358 40 055 9529

    Marko Oinonen, General Manager, Contracts and Customer Relations, Board and Paper mills, Valmet tel. +358 50 562 7240

Published in European News

Valmet-delivered, a completely new type of a sizer, OptiSizer Hard, with related chemical systems were successfully started up at Propapier PM1 GmbH Burg mill in Germany a day ahead of schedule on April 19, 2018. The production line PM1 produces liner, fluting and kraft substitutes grades based on 100% waste paper. Thanks to a very good cooperation and a purposeful project work, all the produced containerboards have been saleable from the very start.

Good results from day one

A prototype product and a very tight shut-down schedule is a challenging combination. Despite the initial setup, most of the targets were achieved right after the start-up. The web passed through the nip smoothly and runnability was excellent. The new technology shows already a great potential to achieve the goals regarding strength properties and steam consumption.

"I was quite amazed to see the fast start-up of our new sizer. Earlier, high web tension levels were causing quite a bit of challenges to runnability. It looks like this obstacle no longer exists. We have achieved the targeted quality specification and now we can focus on the further benefits we are aiming at e.g. steam savings, higher strength levels or starch savings," says Phillipos Vrizas, Technology Manager at Propapier.

"The very first closing of the nip rolls is a moment telling a lot about any new sizer - especially a prototype sizer. It looked perfect. I couldn't see any web tension induced wrinkling in the web. The schedule was very tight with only a 11-day shutdown time. The fact that we were able to squeeze it into a 10-day break was quite amazing and a proof of an excellent cooperation and preplanning," says Jani Hakola, Development Manager at Valmet's Board and Paper Mills Business Unit.

The result of joint effort: First roll after the start-up of OptiSizer Hard at the Propapier's Burg MillThe result of joint effort: First roll after the start-up of OptiSizer Hard at the Propapier's Burg Mill

Technical information about the delivery

Valmet's delivery included a new sizer called OptiSizer Hard. Compared to conventional sizer, OptiSizer Hard has a pair of hard cover nip rolls. Starch is sprayed on the rolls which transfer the starch into the nip where it is further transferred into paper web.

Strength is among the most important benefits with OptiSizer Hard. Starch is dosed in the roll nip with higher nip pressure, which increases the density of fibers. This leads into better strength properties. To mention a few other benefits of OptiSizer Hard, the life cycle costs are lower due spray application and runnability is better due to better nip profile control.

The existing and outdated starch preparation system was replaced with Valmet's starch preparation system specially designed for OptiSizer Hard and its spray application method. The properties of produced starch have substantially lower range of variation, which helps to produce liner boards within the targeted quality specifications. The delivered supply system is fully automated and equipped with pressure screens.

To further improve the properties of liner and fluting grades Propapier is producing, a cooperation agreement of 20 weeks was made. The target of the agreement is to find the best practices with the new sizer e.g. by reducing energy consumption, and by further improving liner and fluting properties, such as the lighter basis weight of containerboards without compromising other important properties.

Information about the customer Progroup

Progroup AG is questioning the existing, developing completely new approaches and bringing trend-setting concepts to market readiness. The successful development of the group is based on a consistent greenfield strategy, technological leadership, network management and an advanced supply chain strategy. With currently two paper factories (Propapier in Burg and Eisenhüttenstadt), a combined heat and power plant (Propower), ten corrugated board plants (Prowell) and several service companies (Prologistik, Proservice, Profund), Progroup's core business is the production of containerboard and corrugated board sheets. With 1100 employees, in 2017 the company generated sales of around 804 million euros and is one of the top 3 companies in the sector in Central Europe. The brands of the Next Generation Products are synonymous with the use of less raw material and less CO2 emissions coupled with an increase in performance, and have come to epitomise sustainable thinking and a sustainable way of doing business in the industry.

Under the Progroup umbrella, the production facilities of Propapier in Burg and Eisenhüttenstadt produce containerboard to become less dependent from the volatile paper market. At the Burg site in the German state of Saxony-Anhalt the heavier kraft liner substitutes and test liner products weighing from 110 to 230 g/m2 are made. The first-time installation of the OptiSizer Hard is again a great example for Progroup's "Power of Innovation" philosophy and is further strengthening Progroup's quality, reliability and cost leadership.  

Additional Info

  • About

    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.

    Read more www.valmet.com

  • Contacts

    For further information, please contact:

    Martin Taxacher, Senior Paper Technology Manager, Board and Paper Mills, Valmet, tel. + 358 40 744 0574

    Jani Hakola, Development Manager, Board and Paper Mills, Valmet, tel. + 358 40 755 2663

Published in European News

Valmet recently made two successful Advantage DCT 200 tissue line startups at Lee & Man's tissue mill at Chongqing, China. The first machine in the startup queue was TM13, which started producing high quality paper right from the start on January 18. The second startup was on March 3, when just as good tissue paper hit the reel on TM15. 

"Valmet has sold a total of nine tissue machines to Lee & Man since 2014. All startups have been characterized by good collaboration, efficient installations and steady startup curves. Efficient project execution and tissue lines that deliver good results right from the first roll have become the trademarks of Valmet's and Lee & Man's winning co-operation," says Valmet's project manager Tomas Eklund. A big part of a successful delivery is trustworthy technology. Valmet's well proven Advantage technology has been designed with the success of tissue makers in mind.

Efficient teamwork forms another great part of the success that has been achieved by Valmet and Lee & Man in Chongqing. "We work as one to reach our mutual aims. At this point, we know each other so well that the machines, more or less, start with a push of a button," says Eklund.

Lee & Man startupLee & Man startup

Valmet will start two more Advantage DCT 200 tissue production lines for Lee & Man during 2018. All at the same mill in Chongqing and with the same scope of delivery - complete tissue production lines featuring stock preparation systems and Advantage DCT 200HS tissue machines.

Technical information about the deliveries

All nine machines are equipped with OptiFlo headbox and cast alloy Yankee cylinders. The Advantage tissue technology includes ViscoNip press, steam heated AirCap hood, WetDust dust system and a SoftReel P reel. Basic engineering and site services are also included in the delivery. Valmet's automation package is also included, with Valmet DNA machine and process control system (DCS), as well as Valmet IQ quality control system (QCS) and Valmet IQ Dilution Profiler.

The tissue machine has a width of 5.6 m and a design speed of 2,000 m/min. Each machine has the capacity to produce 60,000 tons of toilet and facial tissue per year. Lee & Man uses virgin wood pulp and bleached bamboo fiber as raw material.

About the customer Lee & Man Paper Manufacturing

Established in 1994, Lee & Man Paper Manufacturing Ltd has grown from a small company into a leading paper and pulp manufacturer. The company's 6,500 employees are located at the company's five production sites in China. The company had a capacity of 7 million tons of container board, duplex board and tissue paper as well as 180,000 tons of pulp in 2014.

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.

Read more www.valmet.com

Published in Asian News

Valmet and Ittihad Paper Mill LLC have signed an agreement on a long-term service co-operation at the new Ittihad Paper Mill in Abu Dhabi, United Arab Emirates.

The Ittihad Paper Mill is in the process of constructing a 320,000 tpa (tons per annum) new fine paper machine, supplied by Valmet, which will be starting up in late 2018.

According to the agreement, Valmet will provide the Mill with production support and productivity optimization, maintenance management with all maintenance systems and procedures, delivery and optimization of spare parts as well as paper machine parts and consumables.

From left to right: Luca Marelli, Valmet; Ayman Makarem, Ittihad; Jukka Koiranen, Valmet; Omar Hourani, Ittihad; Rabih El Assadi, Ittihad; Amer Kakish, Itithad; Abdullah Alkhateeb, Ittihad; Mika Tolvanen, Valmet; Timo Harjunpää, ValmetFrom left to right: Luca Marelli, Valmet; Ayman Makarem, Ittihad; Jukka Koiranen, Valmet; Omar Hourani, Ittihad; Rabih El Assadi, Ittihad; Amer Kakish, Itithad; Abdullah Alkhateeb, Ittihad; Mika Tolvanen, Valmet; Timo Harjunpää, Valmet

The objective of the agreement with Valmet is to ensure top productivity and competitiveness through world-class maintenance and service operations at the Ittihad Paper Mill. 

"Valmet as the main supplier and technology partner of choice, combined with their expertise in maintenance management provides the best platform for the successful start-up and operation for this state-of-the-art project, the largest of its kind in the region," states Mr. Abdullah Al Khateeb, Ittihad Paper Mill General Manager.

To ensure the highest possible equipment efficiency with cost optimization, Valmet's mill maintenance service will take full advantage of the following models: Total Productive Maintenance (TPM), Valmet's streamlined Reliability Centered Maintenance (RCM) and condition-based maintenance.

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 3.2 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.

Read more www.valmet.com

Published in Asian News

Valmet has developed an innovative online solution for measuring lime mud moisture - Valmet Lime Mud Moisture Measurement. It can be used to monitor lime mud filter performance on the conveyor belt to improve lime mud quality. The new solution is also applicable as a feedforward measurement for lime kiln power control. Through more accurate power control, it is possible to optimize energy consumption and gain significant energy savings.

"The problem with laboratory measurements is that samples are taken so seldom that measurement data cannot be used for power control. It is possible only with an online measurement," says Timo Laurila, Business Manager, Recovery Analyzers and Advanced Process Controls, Automation, Valmet.

Valmet Lime Mud Moisture MeasurementValmet Lime Mud Moisture Measurement

Valmet Lime Mud Moisture Measurement is a non-contacting measurement that provides the moisture content of lime mud. It features an infrared sensor with a special optical design, resulting in excellent measurement accuracy. The solution is based on Valmet's long experience in moisture measurement technology.

Excellent results reported by pulp mills

This new lime mud moisture measurement has already proven its capabilities in pulp mills. According to customers, its correlation with laboratory measurements has either been on a very high level or the lime mud moisture measurement is even more accurate. Lime mud filter operations can be seen immediately in the moisture measurement level. Moisture sensor cleaning is not needed, not even in a dusty environment. The measurement can be used in lime filter maintenance planning, too.

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 3.2 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.

Published in European News

Valmet will supply three winders for Shanying International Holdings Co., Ltd., in the city of Jingzhou in Hubei province, China. The order is following the delivery of the Valmet OptiConcept M board machine (PM 21) announced in December 2017 and earlier winder deliveries to company's Ma'anshan site. The capacity of the three winders will cover the production of two board machines. The start-ups of the winders are scheduled for the end of the year 2018.

The order is included in Valmet's first quarter of 2018 orders received. The value of the order will not be disclosed. The value of an order of this type is typically EUR 10-20 million.

OptiWin Drum winderOptiWin Drum winder

"We have a long and good relationship with Shanying. Valmet is supplying or has delivered already six paper or board machines for this customer - the latest ones being the orders of the testliner machine PM 21 and two earlier started-up container board lines in Ma'anshan. Valmet has also just recently announced a waste-fired boiler delivery for Shanying International Holdings. These earlier projects and strong track record with winders convinced the customer to choose Valmet," says Mikko Osara, Vice President of Board and Paper Mills Business Unit at Valmet.

Technical details about the delivery

Valmet's delivery includes three high-capacity OptiWin Drum two-drum compact winders. They are repeat orders of three similar OptiWin Drum winders delivered at the Ma'anshan site in 2014. Valmet's winding concept brings flexibility for the mill's two production lines with high capacity potential as well as smart drive controls and optimization.

The winders are designed for basis weight range of 80-170 g/m2 and design speed of 3,000 m/min.

About the customer Shanying International

Shanying International Holdings Co., Ltd., formerly Anhui Shanying Paper Industry Co., Ltd., is a China-based company, principally engaged in the manufacture and distribution of paper products. The Company's main products consist of various packaging paper boards, newsprint paper, corrugated cardboard boxes, culture paper and other paper products, which are marketed under the brand name of Shanying. The Company distributes its products within domestic markets, with eastern China as its main market.

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 3.2 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.

Published in Asian News

Valmet and Hengan joined forces on January 15, 2018, to successfully start a Valmet Advantage DCT 200 tissue line at Hengan's mill in Weifang, China.

PM21 is the third of four Advantage DCT 200 lines recently ordered by Hengan. When the startup of PM22 takes place at the same mill in Weifang later this year, Hengan will have a total of eight Valmet supplied tissue production lines in operation. The other two Advantage DCT 200 machines were started in Wuhu, China, with excellent results in 2016. All three startups have been well coordinated and performed in record time, which creates a great outlook for the upcoming PM22 premiere.

The investments support Hengan's aim of strengthening their leading market position in China, while the well proven Advantage DCT Technology ensures a stable production of high-quality tissue, in this case mainly used for facial, toilet and towel grades.

Hengan is China's leading tissue producer, with a current tissue production exceeding one million tons per year. The high-performance Advantage DCT 200 trio counts for an annual capacity of least 180,000 tons of tissue products, soon to be 240,000 tons once all four production lines are started and optimized.

Valmet's and Hengan's teams in front of the newly started Advantage DCT 200 line and the first jumbo roll, in Weifang, China.Valmet's and Hengan's teams in front of the newly started Advantage DCT 200 line and the first jumbo roll, in Weifang, China.

Technical information about the deliveries

Valmet's delivery comprises of four Advantage DCT 200 tissue production lines, featuring automation, stock preparation systems and the well-proven Advantage technology including OptiFlo headbox, Yankee, AirCap hood, WetDust dust system and SoftReel reel. The machines are 5.6 meters wide and operates at 2,000 m/min.

Information about Hengan

Hengan International Group Company Limited is an investment holding company mainly engaged in the trading of personal hygienic products. The company and its subsidiaries are principally engaged in the manufacturing, distribution and sale of personal hygiene products, including sanitary napkins, disposable diapers and tissue papers products, food and snacks products and others in the People's Republic of China, Hong Kong and certain overseas markets.

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 3.2 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.

Published in Asian News

Valmet will supply board machine key technology and machine control systems for three new containerboard machines in China. Two of the machines will be producing liner and one will be producing fluting. The start-ups of the machines are scheduled for 2019.

The orders are included in Valmet's fourth quarter of 2017 orders received. The value of the order will not be disclosed. Typically, a project of this type and scope is valued at EUR 30-40 million.

2017 12 18 105935

"In containerboard manufacturing, headbox and press section are one of the most important key technologies to secure high production quality. Our expertise and our smooth project execution capabilities convinced the customer to choose Valmet to supply these key technologies for its three new containerboard machines," comments Timo Saresvuo, Senior Sales Manager from Valmet.

Technical information about the delivery

Valmet's delivery for the new containerboard machines will include altogether six new headboxes and three press sections. For the liner board machines, OptiFlo Fourdrinier headboxes were selected for improved product quality and increased productivity and two OptiPress Linear double-nip press sections with linear web run for excellent end product properties, high dewatering capacity and good runnability. The delivery for the machine producing fluting includes an OptiFlo Fourdrinier headbox and a center roll based OptiPress Center press section with shoe press technology. All the delivered machinery will be equipped with Valmet DNA machine control system.

For further information, please contact:

Mika Ollikainen, Sales Director, Asia-Pacific and China, Valmet, tel. +358 45 271 1711

Fan Ze, Vice President, Capital Sales in China, Valmet, tel. +86 10 6566 6600 3108

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 2016 were approximately EUR 2.9 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 Helsinki.

Published in Asian News

The Board of Directors of Valmet Oyj has decided on a new long-term share-based incentive plan for Valmet's key employees. The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company in the long run, to commit the key employees to the Company, and to offer them a competitive reward plan based on holding the Company's shares.

valmet logoThe plan includes three discretionary periods, which are the calendar years 2018, 2019 and 2020. Valmet's Board of Directors shall decide on the performance criteria and targets in the beginning of each discretionary period. The potential reward from the discretionary period 2018 is based on Valmet's Comparable EBITA margin and orders received growth (%) of the stable business, that is, the Services and Automation business lines. The potential reward from the discretionary period 2018 will be paid partly in Company shares and partly in cash in 2019. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key employee.

Furthermore, the members of Valmet's Executive Team are recommended to own and hold an amount of Company shares equaling to their gross annual base salary (100 percent ownership recommendation).

The rewarded shares may not be transferred during the restriction period, which will end two years from the end of the discretionary period. As a rule, no reward is paid if the key employee's employment or service at Valmet ends before the reward payment. Should a key employee's employment or service end during the restriction period, he or she must, as a rule, gratuitously return the shares given as reward to the Company.

The plan is directed to a total of approximately 120 participants, of which 80 are key employees in management positions (including Executive Team members), and 40 are management talents, which is a new target group in Valmet's share based incentive plan. The total combined reward to be paid based on the plan is capped to an approximate maximum of 586,000 shares in Valmet Oyj, representing the gross reward before the deduction of taxes and tax-related costs arising from the reward.

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 2016 were approximately EUR 2.9 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 Helsinki.

Published in financial News
Page 7 of 12