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Valmet: Valmet to supply an extensive paper machine rebuild for Sappi North America

Valmet to supply an extensive paper machine rebuild for Sappi North America

Valmet Oyj's press release on February 9, 2017 at 11:00 a.m. EET

Valmet will supply an extensive rebuild for Sappi North America at its
Somerset paper manufacturing facility in Skowhegan, Maine, USA. As a result
of the rebuild, the paper machine (PM1) will be able to produce both coated
paper and a variety of consumer packaging products. The start-up of the
rebuilt machine is scheduled for early 2018.

The order is included in Valmet's first quarter 2017 orders received. The
value of the order will not be disclosed. The value of an order of this type
is typically EUR 60-70 millions.

"Valmet has been a long-standing technical resource and solutions-oriented
equipment supplier to Sappi. Working together, we recognized the
manufacturing potential of PM1 at Somerset and, with Valmet's collaborative
technical support, will further advance Sappi North America's diversification
into packaging," commentsMark Gardner,
President and CEO of Sappi North America.

"We are very happy to have been selected by Sappi North America for this
important project. In many ways this project represents the strong and mutual
commitment that has been established between Sappi and Valmet based on the
good results achieved together during the previous projects. We look forward
to strengthening our relationship further while working hard to help Sappi
reach their project goals and business objectives," comments Valmet'sDave
, Area President, North America.

The happy sales and project teams from both companies

Technical information about the project

Paper machine (PM1), currently producing woodfree coated paper grades (WFC),
will be rebuilt using some of the most advanced packaging manufacturing
technology to produce a variety of both packaging and coated paper products.

Valmet's delivery will include a number ofmodification and new machine partsin
the existing machine to meet the requirements of the newpackaging grades.

Information about the customer Sappi North America

Sappi North America is a subsidiary of Sappi Limited, a global company
headquartered in Johannesburg, South Africa. It has more than 12,000
employees and manufacturing operations on three continents in seven
countries. Sappi North America has three mills and over 2,100 employees, and
it produces printing and packaging papers, release paper and dissolving wood

Corporate Communications

For further information, please contact:

Mikko Osara, Vice President, Paper Mills, Valmet, tel. +358 40 841 8804
Dave King, Area President, North America, Valmet, tel. +1 704 968 0521

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 2016 were approximately EUR 2.9 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 Helsinki.

Read more,

Sales and project teams from Sappi and Valmet

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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 via Globenewswire

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