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Valmet Corporation: Valmet to deliver boiler plant to Raahen Voima

Valmet Corporation's press release on May 21, 2014 at 11:45 a.m. EET

Valmet will supply a boiler plant to Raahen Voima, located in Raahe, Finland.
The value of the order is around EUR 30 million. The order is included in
Valmet's second quarter 2014 orders received.

Valmet's delivery is part of Raahen Voima's EUR 121 million investment to
renew the power plant at the Raahe steel works.

The boiler plant with a steam capacity of 141 megawatts (MW) will be built
adjacent to Ruukki's Raahe steel works and will partially replace an existing
power plant. The new plant will use blast furnace gas and coke gas from the
steel works as its fuel. Continuous incineration is required in order to
secure uninterrupted steel production. Secondary fuels used in the new plant
will be propane or natural gas and light fuel oil.

The boiler plant is designed to meet the lowest possible environmental
impacts, and the technology meets the limits set out in the EU's new
Industrial Emissions Directive. Special attention is also paid to the fuel
flexibility required by the process changes of the steel works.

"The renewal of the old power plan has been under planning for a long time,
and as the old equipment is coming to the end of its operating life, it is
necessary to renew the equipment. By building a new power plant we can
increase the energy and cost efficiency of the whole plant. Valmet is a
trusted Finnish partner for us, and is a known supplier of boiler plant
technology," comments Pekka Inkala, CEO of Raahen Voima.

Raahen Voima in brief

Raahen Voima is a joint venture recently established by Ruukki Metals Oy and
EPV Energia Oy with the purpose of providing Raahe's steel works with
electricity and steam. Ruukki owns 75% of the new company and EPV Energia

Corporate Communications

Further information, please contact:
Jari Niemelä, Director, Project Sales, EMEA, Pulp and Energy business line,
tel. +358 50 317 8050,

Valmet Corporation is a leading global developer and supplier of services and
technologies for the pulp, paper and energy industries. Our 11,000
professionals around the world work close to our customers and are committed
to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. Our strong technology offering includes
entire pulp mills, tissue, board and paper production lines, as well as power
plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through
the demerger of the pulp, paper and power businesses from Metso Group in
December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion.
Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland and its shares are listed on the
NASDAQ OMX Helsinki Ltd.

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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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