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2015-04-22

Valmet Corporation: Valmet and Metsä Fibre finalized the order agreement for key technology to Äänekoski bioproduct mill

Valmet Corporation's press release on April 22, 2015 at 2:00 p.m. EET

Valmet and Metsä Fibre have signed the agreement for the supply of key
technology to Metsä Fibre's new Äänekoski bioproduct mill in Finland. Valmet
announced the letter of intent of the delivery on February 13, 2015.

Valmet delivery includes recovery boiler, pulp drying line, gasification
plant, lime kiln and a mill wide Valmet DNA automation system. The estimated
value of Valmet's delivery, which includes only the core equipment supplied
by Valmet, is about EUR 125-150 million. The order is included in Valmet's
second quarter 2015 orders received.

The construction of the bioproduct mill will start immediately and the
production at the new mill is scheduled to begin during the third quarter of
2017.

"The bioproduct mill will strengthen Metsä Group's leading position in
northern softwood pulp market and will improve our profitability. We have had
long term and successful cooperation with Valmet which is a strong supplier
of equipment of this scale," saysIlkka Hämälä
, CEO of Metsä Fibre.

Technological innovations and important employment impact

Valmet delivers leading technology for the Äänekoski bioproduct mill. The
recovery boiler, pulp drying line and lime kiln will be the largest in
Europe. All the equipment will have high energy efficiency.

"Our gasification technology and recovery boiler maximize the use of bioenergy
and makes the pulp mill totally fossil fuel free. Valmet delivers a modern
gasification plant, where bark is dried and gasified to product gas which is
then used as fuel in the lime kiln. The Valmet delivered recovery boiler has
multiple high power features including patented heat recovery from flue gas
to combustion air enabling the mill to sell outside 1.4 times more
electricity than it needs for its own operation," saysBertel
Karlstedt, Pulp and Energy Business Line President from Valmet.

Valmet's delivery for the bioproduct mill will have an important employment
impact on Valmet and its subcontractors. The employment impact of Valmet's
project delivery is expected to be around 250 man years, out of which half in
Finland mainly in Tampere, Jyväskylä, Ulvila and Raisio.

Details about Valmet's technology delivery to Metsä Fibre Äänekoski bioproduct
mill

The new bioproduct mill in Äänekoski is the largest investment of the forest
industry in Finland. Metsä Fibre's total investment will amount to
approximately EUR 1.2 billion and the mill's annual pulp production will be
approximately 1.3 million tonnes.

Valmet's delivery includes engineering, procurement, supply and construction
management of a recovery boiler, a pulp drying line, a lime kiln and a
gasification plant. The recovery boiler will have a capacity of 7,200 tds/d
(tonnes dry solids a day). It provides steam to a turbine with 260 MW
electrical capacity, which makes Metsä Fibre's recovery boiler plant the
largest renewable energy production unit in Europe. The pulp drying line will
have a trimmed width of 8.25 meters and a capacity of 2,700 Adt/d (air dry
tonnes a day). The lime kiln will have a capacity of 1,200 t/d and will be
operated by renewable fuel provided by 87 MW product gas capacity biomass
gasification plant.

Valmet's automation delivery includes an extensive Valmet DNA automation and
process information system covering the entire pulp mill and Valmet IQ
quality control system for the pulp drying machine.

Information about the customer Metsä Fibre

Metsä Fibre is a world-leading producer of softwood pulp, whose main brand is
Botnia. The company's main products are sustainably and cost-efficiently
produced bleached softwood and birch pulps. Metsä Fibre has four pulp mills
in Finland. Metsä Fibre's sales in 2014 totalled approximately EUR 1.3
billion, and it employs some 850 people. Metsä Fibre is part of Metsä Group.

VALMET CORPORATION
Corporate Communications

For further information, please contact:

Bertel Karlstedt, President Pulp and Energy business line, Valmet, tel. +358
40 553 3859
Kari Remes, Vice President, Recovery, Pulp and Energy business line, Valmet,
tel. +358 40 709 2015
Pasi Mäkelä, Vice President, Pulp Mill Sales, Pulp and Energy business line,
Valmet, tel. +358 40 505 4199

Valmet Corporation is the leading global developer and supplier of
technologies, automation and services for the pulp, paper and energy
industries. Valmet's vision is to become the global champion in serving its
customers.

Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. The strong technology offering includes
pulp mills, tissue, board and paper production lines, as well as power plants
for bio-energy production. Valmet's advanced automation solutions range from
single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 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 OMX
Helsinki Ltd.

Read more
www.valmet.com,
www.twitter.com/valmetglobal

IMAGE: Valmet's delivery to Äänekoski bioproduct mill project
http://hugin.info/149898/R/1913429/683361.jpg

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valmet Corporation via Globenewswire

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