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Valmet: Valmet to supply a paper machine wet end rebuild for Sappi's Kirkniemi mill in Finland

Valmet Corporation's press release on February 17, 2016 at 11:00 a.m. EET

Valmet will supply a paper machine wet end rebuild for the Kirkniemi mill of
Sappi Finland Operations Oy in Finland. The start-up of the rebuilt machine
is scheduled for the fourth quarter of 2016.

The order is included in Valmet's first quarter 2016 orders received. The
value of the order is not disclosed. A project of this type and scope is
typically valued at approximately EUR 10-15 million.

"We have worked with Valmet for a long time, and the cooperation has been very
good. Valmet is familiar with our paper machine and they know its potential.
These are important factors when choosing a supplier. We wanted to have a
reliable partner with good technical solutions," saysMartti Savelainen,
Mill Manager from Sappi.

"This new project is the third major rebuild for Sappi (Alfeld PM 2andGratkorn
PM 11) in just a few years. Our personnel is very familiar with the Kirkniemi
machine, and our knowhow on the process and technical solutions are optimal
for printing grades. By combining our experience and expertise, we were able
to come up with a solution that met the customer's targets well, and we are
pleased that Sappi chose Valmet for this rebuild project," saysPetri
, Vice President, Paper Mills Sales and Marketing, Valmet.

Information about the customer Sappi

Sappi is a global company focused on providing dissolving wood pulp, paper
pulp and paper-based solutions to its direct and indirect customer base
across more than 100 countries. Sappi produces approximately 5.7 million tons
per year of paper, 2.4 million tons per year of paper pulp and 1.3 million
tons per year of dissolving wood pulp.

Kirkniemi Mill has been a front runner in developing light-weight publication
papers for demanding end-uses. Today, the mill's three paper machines produce
coated papers for heat set web offset printing to customers around the world.

Corporate Communications

For further information, please contact:

Petri Paukkunen, Vice President, Sales and Marketing, Paper Mills, Valmet,
tel. +358 40 744 8182

Pekka Turtinen, Senior Sales Manager, Sales and Marketing, Paper Mills,
Valmet, +358 40 770 7649

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 2015 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,


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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