Future Valmet to deliver power boiler upgrade and

HELSINKI, Finland, Oct. 28, 2013 (GLOBE NEWSWIRE) --

Metso's Pulp, Paper and Power business, the future Valmet, and Celulosa Arauco y Constitución S.A. have signed an agreement to upgrade and repair a power boiler at Constitución mill in Chile. The order is included in Metso's Pulp, Paper and Power business segment's orders received in the third quarter of 2013. The order will be supplied by Metso's units in Finland and Brazil. The project will be completed by the end of 2014. The value of the order will not be disclosed. This project will be a major repair and upgrade of the existing power boiler. The intent of the project is not only to bring the boiler back into reliable and serviceable condition, but also to improve its operation. The delivery will include the following main parts: replacement of the secondary superheater, conversion of the boiler to a modern single drum design, replacement of tubular flue gas air heater, new biomass feeding system, new and improved combustion air supply system and new heavy fuel oil fired load burners. "The upgrade and repair of the boiler will significantly extend the boiler's lifetime and secure its safe operation. This project will also improve the availability and controllability of the boiler, and reduce operational costs as well," explains Jouni Koskinen, Sales Manager, Pulp, Paper and Power, Metso. "We have been working together with Metso for many years and in general we think the cooperation has been successful for both parties," says Patricio Henriquez, Director of Arauco's Engineering and Construction Division. "Other determining factors for choosing Metso as a supplier were technical solutions and know-how, project execution competence and delivery time," continues Henriquez. "This co-operation project with Metso's Finnish and Brazilian teams is in line with our strategic target to continue further globalization of our capabilities to be closer to customers and to excel in serving our customers," says Jouko Kylänpää, Director, Services, Pulp, Paper and Power, Metso. Arauco is one of the major forestry companies in the world. Arauco combines high technology with production processes that have minimal environmental impact to deliver a broad range of high quality products, meeting the needs of customers in more than 70 countries. Metso's pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services. As of January 2014, Metso's Pulp, Paper and Power business will serve its customers with an even more focused and competitive approach as an independent, listed company, Valmet Corporation. www.metso.com/energy , www.twitter.com/metsoenergy Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd. www.metso.com , www.twitter.com/metsogroup For further information, please contact: Jouko Kylänpää, Director, Power Maintenance, Services, Pulp, Paper and Power, Metso, tel. +358 400 734 334 Augusto Lovo, Senior Manager, Power Sales, Services, Pulp, Paper and Power SA, Metso, tel. +55 41 3341 4402 [HUG#1738499]