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2014-05-13

Valmet Corporation: Valmet to supply an extensive paper machine grade conversion rebuild for Stora Enso's Varkaus mill in Finland

Valmet Corporation's press release on May 13, 2014, at 03:00 p.m. EET

Image:Stora Enso mill in Varkaus, Finland
http://hugin.info/149898/R/1784995/611845.JPG
(source: Stora Enso)

Valmet will supply Stora Enso with an extensive rebuild for converting the
Varkaus mill's PM 3 fine paper machine to produce lightweight containerboard
grades. The target of the paper-to-packaging rebuild is to produce
lightweight virgin fibre based packaging materials on a paper machine that
previously produced fine paper, a grade that is suffering from decline in
demand.

The rebuilt containerboard machine is scheduled to start up during the fourth
quarter of 2015. The value of the order is around EUR 30 million. The order
is included in Valmet's second quarter 2014 orders received.

"This delivery is an excellent and innovative response to the structural
change the paper industry is facing. By rebuilding the existing fine paper
machine with new key components Valmet can provide the customer with a
value-adding solution that enables operations to continue in Varkaus," says
Jari Vähäpesola, Paper Business Line President, Valmet.

The employment impact of Valmet's project is expected to be in total around
100 man years of which main part in Finland.

Valmet's technology will enable the production of high quality renewable
packaging board

Valmet's delivery will include a new headbox, forming section rebuild
including Fourdrinier extension with new top forming unit, press section
rebuild with new SymBelt press nip as well as rebuilds of dryer section,
calender, reel and winder. The delivery will also include related air system
as well as equipment for stock preparation area.

Through the machine conversion, Stora Enso in taking advantage of the
combination of two market forces: the decreasing global market for fine paper
but increasing global market for renewable packaging board.

About Stora Enso

Stora Enso is the global rethinker of the paper, biomaterials, wood products
and packaging industry. Stora Enso employs some 29 000 people worldwide, and
its sales in 2013 amounted to EUR 10.6 billion. Stora Enso shares are listed
on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In
addition, the shares are traded in the USA as ADRs (SEOAY) in the
International OTCQX over-the-counter market.

VALMET CORPORATION
Corporate Communications

Further information, please contact:
Jari Vähäpesola, President, Paper Business Line, Valmet, tel. +358 10 672 5260
Jarmo Oikarinen, Senior Manager, Paper Business Line, Valmet, tel. +358 400
623 055

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.

Read more
www.valmet.com
,
www.twitter.com/valmetglobal
Stora Enso mill in Varkaus
http://hugin.info/149898/R/1784995/611845.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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