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Valmet Corporation: Valmet to supply a complete boiler plant to Hamburger Hungaria Power in Hungary

Valmet Corporation's press release on May 20, 2014 at 10:00 a.m. EET

Valmet will supply a complete boiler plant to Hamburger Hungaria Power in
Dunaujvaros, Hungary. The new plant will provide more sustainable energy
production by enabling the use of renewable resources. The value of the order
is about EUR 50 million. The order was included in Valmet's first quarter
2014 orders received.

The new power plant will produce electricity and steam for Hamburger
Hungaria's containerboard mill that operates two paper machines. It will
replace the existing gas-fired boiler plant that produces steam only, and
enable Hamburger Hungaria Power to use a wide range of solid fuels, biomass,
coal as well as containerboard rejects and sludge, in energy production
instead of natural gas. The new boiler plant will go on stream by the end of

"Hamburger Hungaria has a state-of-the-art paper production, but neither the
co-generation potential, nor the energy content of its waste have been
utilized so far. These deficits will be corrected by the EUR 150 million
power plant project, which will bring the mill to the group of elite also in
respect of energy efficiency and waste management. Based on earlier
experience, Valmet - as the most important supplier - has a good fit to the
challenges of our project," says Dr. Szikla, Managing Director of Hamburger
Hungaria Power.

Valmet's delivery will include a complete boiler plant including a CYMIC
boiler based on circulating fluidized bed (CFB) technology and flue gas
cleaning to ensure low emissions. The boiler will have a capacity of 158
megawatts (MW) of steam at 113 bar, 520 degrees Celcius. The power plant will
produce 42 MW of electricity. Valmet's CYMIC boiler combines high-efficiency
combustion of various solid fuels with low emissions, even when burning fuels
with completely different calorific values at the same time.

Information about Hamburger Hungaria Power

Hamburger Hungaria Ltd is part of Hamburger Containerboard and a leading
corrugated base paper manufacturer in Europe. Its two paper machines use
about 700,000 tons of waste paper a year. More information on Hamburger
Hungaria at www.hamburger-hungaria.com.

Corporate Communications

Further information, please contact:
Kai Mäenpää, Vice President, EMEA, Pulp and Energy Business Line, Valmet, tel.
+358 10 676 2410

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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