Valmet lands another big Chinese order
Finnish company Valmet has signed its second significant contract in China in a week.
The agreement sees the specialist in technologies, automation and services for the pulp, paper and energy industries supplying another complete OptiConcept M paper making line for Lee & Man, located in Jiang Xi.
While both parties declined to reveal the total of the contract, such agreements are typically valued in the vicinity of 40–50 million euros.
Lee & Man’s containerboard production line is to utilise 100 per cent recycled raw materials in order to produce high-quality containerboard grades. Annual production capacity will be approximately 300 000 tonnes.
This represents Valmet’s 10th OptiConcept M production line they have supplied to Lee & Man since 2012.
“With good combination of local and imported know-how Valmet has shown its capability in earlier projects,” comments Edmond Lee, Lee & Man’s CEO. “Lightweighting is a trend in containerboard business and Valmet’s technology is very suitable for these grades.”
The production line is set to be operational in the last quarter of 2016.