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2016-01-15

Valmet: Valmet to supply grade conversion rebuild for Kruger Packaging in Trois-Rivières, Québec, Canada

Valmet Corporation's press release on January 15, 2016 at 10:00 a.m. EET

Valmet will modernize a paper machine (PM10) at the Kruger paper mill in
Trois-Rivières (Québec), Canada. Currently producing newsprint, PM10 will be
rebuilt using some of the most advanced containerboard manufacturing and
automation technology to produce 360,000 metric tonnes (MT) per year of 100%
recycled lightweight and high strength linerboard. The rebuilt production
line will start up in 2017.

The order is included in Valmet's fourth quarter 2015 orders received. The
value of the order is not disclosed. The value of paper machine rebuilds
depends on the scope of the delivery. This kind of rebuild is typically
valued around EUR 30 million.

"Kruger selected Valmet based on its innovative technology and track record of
successful rebuilds, as well as their knowledge of North American recycled
linerboard requirements," declared Project Manager,Christian Lemay
of Kruger Packaging L.P.

Modernization project will generate significant growth opportunities

The solution for this ~8.4-meter-wide (wire) machine will be fully modernized
fromheadbox to winderto produce linerboard with industry-leading high
strength to basis weight properties, and with sheet formation and surface
characteristics suitable for high-quality graphic printing for corrugated box
plants.

In addition to the machinery improvements, the delivery will includeValmet DNA
automation systemwith remote servicing capabilities for machine and process
control as well as MD/CD controls. Valmet will deliver alsoValmet IQ Dilution
Profilerthat contributes to improved sheet quality and minimized variability.
To be deliveredValmet Pulp Analyzerwill provide fast and precise online
updates of key fiber and papermaking furnish properties.

"To be able to reach the targets, grade conversion modernizations require
thorough expertise. Valmet is one of the few suppliers who can design, manage
and deliver this kind of vast grade conversion projects. Additionally,
Valmet's pilot plant played a substantial role since we could demonstrate the
technologies to the customer in real life conditions," saysMike Gray
, Valmet's Area Vice President in North America.

Information about the customer
Kruger Packaging L.P.

Kruger Packaging L.P. is a Canadian manufacturer of containerboard and
packaging products made from recycled fibers. The company currently operates
one containerboard mill in Montreal (Québec), as well as two packaging plants
in LaSalle (Québec) and Brampton (Ontario). Founded in 1904, its parent
company, family-owned Kruger Inc., is also a major producer of publication
papers, tissue products, renewable energy, cellulosic biomaterials, and wines
and spirits. In addition, Kruger Inc. is a leading paper and paperboard
recycler in North America.

VALMET
Corporate Communications

Further information, please contact:

Mike Gray, Area Vice President, North America, Valmet, tel. +1 920 738 8542

Jari Siitonen, Sales Director, Paper mills, Valmet tel. +358 40 765 7406

Link to Kruger Packaging L.P.'s press conference material

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 Helsinki.

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

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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 via Globenewswire

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