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Valmet has completed the acquisition of PMP Group, a provider of technologies and services for the paper industry
Valmet has completed the acquisition of PMP Group in Poland following the agreement that was announced on September 11. PMP Group is a provider of technologies and services for the paper industry. The enterprise value of the acquisition is approximately EUR 64 million, plus a conditional and capped earn-out component.
The acquired business becomes a part of Valmet’s Paper business line. PMP Group supplies process technologies and services for tissue, board and paper machines globally, focusing on small and medium-sized tissue machines and board and paper machine rebuilds. The net sales of the company were approximately EUR 70 million in the fiscal year 2019. The company employs about 650 people in Poland, China, USA and Italy.
PMP will be included in Valmet’s financial reporting for the first time in Valmet’s fourth quarter financial reporting 2020.
Jari Vähäpesola, Business Line President, Paper, Valmet
“The acquisition was completed as planned and we are happy to welcome 650 new colleagues to Valmet. The combination of Valmet’s current paper technology and services for wide and fast machines and rebuilds, together with PMP’s product portfolio, competence and presence in strategic markets, will create new business opportunities. From now on we will work as one team with a wider product offering, to further strengthen our capabilities to serve paper, board and tissue producers globally.”
Mirosław Pietraszek, former President PMP Group:
“I am satisfied that the closing process has been completed successfully. It is a great moment to celebrate an opening of a new chapter in our history. I am convinced that together with Valmet, we will create a professional, unique and strong team across the globe to bring our customers a more comprehensive service span and state-of-the-art solutions. As a team, we are ready for new challenges and excited to become a part of Valmet.”
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 2019 were approximately EUR 3.5 billion. Our more than 13,000 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
Valmet strengthens its business by acquiring PMP Group, a provider of technologies and services for the paper industry
Valmet has on September 11, 2020 entered into an agreement to acquire PMP Group in Poland. The enterprise value of the acquisition is approximately EUR 64 million, plus a conditional and capped earn-out component. The acquisition is estimated to be completed on October 1, 2020 at the earliest.
PMP Group supplies process technologies and services for tissue, board and paper machines globally, focusing on small and medium-sized tissue machines and board and paper machine rebuilds. The net sales of the company were approximately EUR 70 million in the fiscal year 2019. The company employs about 650 people, the majority of whom are located in Poland and the rest in China, USA and Italy.
Jari Vähäpesola, Business Line President, Paper in Valmet:
“The acquisition will bring two companies with different offerings and customer segments together. PMP’s technology and services portfolio for small and medium-sized tissue, board and paper machines will be a very good complement to Valmet’s current paper technology and services for wide and fast machines and rebuilds. Together with PMP’s product portfolio, their competence and presence in strategic markets, we will create new business opportunities and further strengthen our capabilities to serve paper, board and tissue producers globally. PMP has a very skilled team and I am happy to warmly welcome them to Valmet,” says Jari Vähäpesola, Business Line President, Paper business line, Valmet.
Mirosław Pietraszek, PMP Group President:
“Joining to Valmet opens a new chapter in PMP’s rich history in the pulp and paper industry and represents a huge leap forward for our future development. I am convinced that the joint technological, production and human resources in our key markets will allow us to reach new heights and ultimately benefit the advancement of the entire paper industry,” says Miroslaw Pietraszek, PMP Group President.
PMP Group - a company with a long history in the pulp and paper industry
PMP Group is a provider of tissue, paper and board machinery and services. The company has been serving the pulp and paper industry for over 165 years. The 650 employees are located in Jelenia Góra and Świecie in Poland, Changzhou in China, South Beloit in USA and Lucca in Italy.
New PMP Intelli-Reel® to be delivered for one of the leading global hygiene company, to a paper mill in France!
One of the leading global hygiene company reached an agreement with PMP (Paper Machinery Producer) for a new project execution of design, production and commissioning of a new reel Intelli-Reel® in a paper mill, located in France. The contract was signed in July, 2020. The customer is one of the leading global hygiene and health company. This is the first common project of both companies.
A tissue machine produces tissue (basis range from 12 to 24 gsm) from virgin fibers. Its operating speed is 1600 mpm and its reel trim is 5400 mm. A replacement of the reel section is caused by a weak condition of an existing unit and a necessity of implementation of changes related to safety standards.
PMP Intelli-Reel® is a section designed by using state-of-the-art technology to ensure a precisely repeatable, efficient and safe winding process. It is characterized by simple and open structure enabling easy control. Reels provided by PMP guarantees perfect parent roll and continuous & high speed reeling process.
PMP will provide the complete new reel Intelli-Reel® with controls, a hydraulic unit, necessary installations on site, a tail cutter and controls (PLC). Moreover, the scope of supply contains assembly of a new component and disassembly of an existing one. A finalization of the project is scheduled for spring, 2021.
So far, PMP has executed over 100 projects (on 6 continents) of reel section deliveries for tissue and paper machines.
PMP supports dynamic development of Arctic Paper Kostrzyn S.A.
Arctic Paper Kostrzyn S.A. has been continuously working on modernizing its machine fleet for last several years. The priority is, invariably, an increase of production capacity, an improvement of final products’ quality parameters and implementation of environmentally friendly & energy-saving solutions. Arctic Paper Kostrzyn S.A. for years have been partnering with PMP applying ambitious technological projects. In addition, both companies support the idea of "good, because it is Polish".
In 2019, PMP successfully rebuilt a press section of PM#1 with a new Intelli-Nip® shoe press included. The solution proposed by PMP improved dryness after press from 43% before rebuilt to 48% after rebuilt. The technology of the shoe press also enhanced properties of paper, and also significantly improved PM efficiency.
PM1, 5300 mm @reel, after rebuild, produces offset paper, with a grammage range from 60 to 100 gsm. The operating speed after rebuilt is 1000 mpm. PMP's scope of delivery included: press section equipped with the Intelli-Nip® shoe module (maximum design pressure 600 kN/m, shoe module diameter 1100 mm); this is the first PMP reference for a module with a smaller diameter. In addition, PMP provided controls, replacement parts and assembly and commissioning supervision.
As a result of so far a fruitful cooperation, in April 2020, PMP signed another contract with Arctic Paper Kostrzyn team, for a revamp of a press section, this time for another machine. The purpose of the rebuild is to improve the condition of the section framework and to eliminate vibrations.
PM2, 5300 mm @reel and an annual capacity of 160,000 tons, produces single-layer wood-free graphic paper with a grammage range from 60 to 170 gsm. The scope of supply will cover an entire new framework, including press roll swing arms, savealls, platforms, mechanical drives as well as assembly and commissioning supervision service. The framework will be entirely made of stainless steel. The investment is planned for summer 2021.
PMP will deliver (2) new Intelli-Jet V® Hydraulic Headboxes to Smurfit Kappa Uberaba mill in Brazil!
In February 2020, PMP (Paper Machinery Producer) has signed a contract for delivery of (2) new Intelli-Jet V® Hydraulic Headboxes for Smurfit Kappa’s paper machine (PM5) located in the Uberaba mill in Brazil.
Thanks to long-term relationship and successful cooperation in the past, PMP has reached an agreement with Smurfit Kappa. This new project will ensure competitive advantage of Uberaba mill in fast growing Brazilian market. Moreover, this is an opportunity for PMP to enter the market and have a great reference in Brazil, first in its history.
PMP Intelli-Jet V® hydraulic headbox allows to reach outstanding performance. It ensures impressive basis weight profile, superior sheet formation and great fiber orientation. Over the years, PMP Intelli-Jet V® hydraulic headbox has become an iconic solution in the Pulp & Paper Industry. Currently, there are over 170 PMP’s headboxes working successfully on 6 continents.
The main goal of this rebuild is to significantly improve the quality of paper that is produced for the Brazilian market, enhance sheet formation and reach better control on all speed range and improve cross machine BW profile.
PMP will supply a new top layer Intelli-Jet V® Hydraulic Headbox, a new bottom layer Intelli-Jet V® Hydraulic Headbox with CP system, both equipped with attenuators, as well as engineering services. Delivery of all equipment and start-up is scheduled for the last quarter of 2020.
PMP delivered its first steel Yankee dryer to Poland for FP Kaczory, Poland!
In November, 2018, PMP (Paper Machinery Producer) signed a contract for a modernization of a tissue machine that includes a delivery of a new Intelli-YD® steel Yankee dryer to FP Kaczory paper mill located in Poland. It is a great pleasure to announce that PM#2 with new equipment is up & running. The start-up took place in 4th quarter of 2019.
Thanks to an optimized design, PMP Yankee dryer achieves up to 15% higher drying efficiency compared to previous technologies. Intelli-YD® allows to save energy and money and ensures high durability. PMP has 18 working references of steel Yankee dryers all over the world and the project for FP Kaczory is the first reference in Poland.
PM#2 produces tissue with maximum operation speed of 1500 mpm and paper trim 3150 mm. This steel Yankee dryer diameter is 4500 mm, shell length is 3550 mm and maximum operating pressure of Intelli-YD® reaches 9,5 barg. PMP scope of supply included also spare parts, erection and start-up supervision services.
PMP is a global provider of tissue, paper & board technology and has been supporting the pulp and paper industry for over 165 years, executing projects on 6 continents, in 35 countries. The Company has its headquarters in Jelenia Góra, Poland and has 7 facilities in 4 countries (Poland, USA, China, Italy). PMP is a recognized international player in both the paper & tissue industry. Learn more about PMP at: www.pmpgroup.com
About FP KACZORY:
Dynamically developing company that has been operating since 1992, specialized in waste paper processing and toilet paper production in production plant in Kaczory and pulp products in a second production plant in Margonin, the company offer wide range of products. FP Kaczory owns two production plants in Poland.
PMP New Engineering Office in Łódź, Poland, has been launched!
To ensure continuous development of technology, which is a distinguishing feature of PMP products, in October 2019, PMP (Paper Machinery Producer) launched a new engineering office in Łódź, Poland. A new entity is dedicated mainly to support tissue business. Sebastian Grabowski has been nominated as Director of Design and Application Office.
Łódź is a big city, located in central Poland. It is a large, rapidly growing industrial and technological hub, also named as engineering and scientific center of papermaking, as Politechnika Łódzka (University of Technology in Łódź) educates students in papermaking and polygraphy.
The employment target of the new office is 40 engineers – experienced experts as well as young professionals, also from outside of the paper industry. Such a blend ensures a fresh point of view and creates a proper synergy effect so that it will be possible to develop innovative solutions, which will guarantee the competitive advantage both for PMP and customers.
Most activities of the new branch will be focused on technology development in tissue sector of PMP. Moreover, there is a project & application team responsible for technical management and projects leadership, starting from sales support to full execution of process in a broad sense.
“An opening of the new office in Łódź is a significant step in PMP development process that has been going for years. It will strengthen a leadership position of PMP as well as contribute to a perception of PMP as the preferred leading supplier of solutions for the Paper Industry” –Sebastian Grabowski said, Director of the Design and Application Office.
Another 4 new PMP Intelli-Tissue® EcoEc Premium machines for APP!
PMP (Paper Machinery Producer) has recently signed another contract for a delivery of (4) new Intelli-Tissue® 1800 EcoEc Premium machines for APP, this time for Oki mill in Indonesia.
PMP is perceived by APP as a strategic partner in dynamic development and tissue market expansion. A partnership between both companies has become stronger due to a project for (18) Intelli-Tissue® 1600 EcoEc Premium lines for Rudong, China that will bring 620 000 t/a of high quality tissue.
PMP Intelli-Tissue® EcoEc Premium technology corresponds well with a Sustainable Development Strategy of APP and guarantees achieving ultra low media consumption (total energy usage: steam & electricity as low as 1,74 MWh/t), while keeping premium quality of final product. PMP machines ensure efficiency higher than 95% which is in line with APP requirements.
PMP scope of supply for OKI mill include 4 new complete PMP Intelli-Tissue® EcoEc Premium machines with core technological components such as PMP Intelli-Jet V® Hydraulic Headbox, Intelli-Former® Crescent Former, Intelli-Press® and Steel Yankee Dryer with Steam heated Hood. Scope of delivery also includes mechanical drives, steam and condensate system, dust removal system, mist removal system, lubrication system, design, erection, start-up & supervision.
This contract is going to be executed by two PMP Group divisions: PMPoland (Poland) and PM IB (China) to provide Optimum Costs Solutions as well as excellent communication platform.
New PMP Intelli-Nip® Shoe Press has been successfully started up in Smurfit Kappa Morava Paper!
On August 2018, PMP (Paper Machinery Producer) has signed a contract for a press part rebuild of PM#2 in Smurfit Kappa Morava Paper, Czech Republic. On September 2019, a new core technological component, PMP Intelli-Nip® Shoe Press has been launched. This last 2 years have been very productive of projects for press part modernization or new press.
PMP Intelli-Nip® Shoe Press technology is a connection of two main advantages – media consumption reduction and paper properties enhancement. This solution is attractive for papermakers all over the world. Yearly, PMP executes many of projects regarding press section for machines which produces more than 3 500 000 tons of paper per year. It is possible to increase production efficiency for even 40%, after PMP components implementation.
The main goals of project for Smurfit Kappa Morava were to increase production through speeding up the machine, improve runnability of press section and increase dryness after press.
After rebuild, the machine produces fluting and testliner in basis weight range of 100-170 g/m2 (main basis weight: 120 g/m2) from 100% waste paper. Maximum operating speed is 600 m/min. Sheet width at press section is 2650 mm and maximum nip pressures are:
- 1st nip – 80 kN/m,
- 2nd nip – 120 kN/m,
- 3rd nip – 1250 kN/m.
Scope of supply includes also design, manufacturing, pre-assembly, assembly on site and start-up supervision.
Furthermore after start-up, PMP Intelli-Nip® Shoe Press reaches 55.72% of dryness after press (by 1000 kN/m, 150 g/m2).
PMP to provide two rebuilds for Asia Pulp & Paper Sinar Mas mill in Indonesia
Paper Machinery Producer (PMP) recently signed a contract for the delivery of two rebuilds for the Press and Dryer Section for Asia Pulp & Paper Sinar Mas’ (APP) Pindo Deli Mill in Indonesia. The agreement is the result of an earlier successful cooperation between PMP and APP, signed off in August 2018.
The scope includes the supply of press section rebuild with new Intelli-Nip® Press and Intelli-Nip® Module 1500. This state-of-the-art technology will ensure higher dryness following the press section and will improve the paper quality in the mill.
The scope of supply for both projects also includes design, on site transportation and services.
As part of the contract, PMP will also be delivering new core items for the dryer section rebuild.
PMP is a global provider of tissue, paper & board technology and has been supporting the pulp and paper industry for over 160 years, executing projects on 6 continents, in 34 countries. The Company has its headquarters in Jelenia Góra, Poland and has 6 facilities in 4 countries (Poland, USA, China, Italy). PMP is a recognized international player in both the paper & tissue industry. Learn more: www.pmpgroup.com