Valmet to supply an extensive paper machine rebuild for

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
97
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," comments Mark 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's Dave King , 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 of modification and new machine parts in the existing machine to meet the requirements of the new packaging 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 pulp.

VALMET 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 www.valmet.com , www.twitter.com/valmetglobal

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...cb8370b863

Scroll down for more posts ▼

Top 10 Most Recent News Articles

MRI Surveillance Gains Ground in Lung Cancer Care

Updated Category News Views 6

Shifting the Standard: MRI's Rise in SCLC Treatment Here's a twist that baffles the traditionalists—ditch the prophylactic cranial irradiation (PCI) and catch clearer days with MRI surveillance for small-cell lung cancer (SCLC). The latest international phase III MAVERICK trial might just redraw the lines on what's considered standard care in this relentless disease....

Continue Reading
PwC US and India Unite for Global Consultancy Powerhouse

Updated Category News Views 6

Rearranging the Consultancy Chessboard Piling onto the game of consultancy realignments, PwC just made a move reminiscent of playing strategy poker. They're tossing together PwC US and PwC India's advisory capabilities for a new joint venture. It’s like pushing two puzzle pieces to make a single colorful picture that stretches from the U.S. all the way to the...

Continue Reading
GORGIE Unleashes Berry Burst: Target's New Drink Star

Updated Category News Views 5

GORGIE Targets Taste Buds with Berry Burst Ever feel like you're missing out on that energy drink everyone seems to be raving about? Well, GORGIE's out there making some noise again, and this time it's got a new punchy player in the game: Berry Burst. It's not just another drink; it's shaking things up in the energy aisle with its exclusive launch at Target. Modern style...

Continue Reading
Regeneron Faces Legal Heat: Lead Plaintiff Deadline Looms

Updated Category News Views 3

Regeneron’s Tight Spot: Legal Showdown Well, here we go again—Regeneron Pharmaceuticals (NASDAQ:REGN) is under some serious heat. If you're an investor who faced significant losses with this biotech juggernaut, remember that the clock’s ticking down to the wire. By tomorrow, September 14, 2026, you need to decide if you're going to throw your hat in the ring for...

Continue Reading
PANDAG G1 Debuts: Revolutionizing Lawn Care Efficiency

Updated Category News Views 4

The Future of Landscaping Unveiled Get this—PANDAG is set to shake things up at GaLaBau 2026 with their futuristic G1 autonomous mower. This isn't just another piece of lawn equipment; it's practically a tech marvel on wheels, weaving together LiDAR, AI Vision, RTK, and 4G tech to make it the ultimate multitasker for the landscaping industry. We're talking obstacle...

Continue Reading
First-Time Homeowners: Unseen Pitfalls of Insurance

Updated Category News Views 2

Understanding Homeowners Insurance: Beyond the Basics Most folks diving into homeownership for the first time get caught up in the whirlwind of price tags, loans, and knick-knacks for their new place. Meanwhile, the nitty-gritty of homeowners insurance often gets tossed to the side. But take it from a weary watchdog of financial storms—it’s those details in the policy...

Continue Reading
Ris-Rez May Set New Standard in Relapsed SCLC

Updated Category News Views 6

The Game-Changing Results Innovation in pharmaceuticals sometimes feels like a waiting game, but when a fresh breakthrough like this rolls in, it lights up the whole landscape. Risvutatug rezetecan, or Ris-Rez for short, has shown promising potential in the fight against relapsed small-cell lung cancer (SCLC) that has progressed after platinum-based therapy. Survival...

Continue Reading
Surfing Dogs Ride Waves, Support Orphan Pets

Updated Category News Views 3

Waves, Paws, and Passion Who would've thought that dogs catching waves could also catch hearts and wallets? Well, that's exactly what's happening today at Del Mar Dog Beach with the 21st Annual Surf Dog Surf-A-Thon revving up the excitement. It's a sun-soaked day in Rancho Santa Fe, California, right in the thick of things at the longest-running dog surf competition. For...

Continue Reading
Tam-Peli Steps Up in SCLC Battle: Trial Insights

Updated Category News Views 5

Noteworthy Developments in Small-Cell Lung Cancer Treatment Let's dive into a story straight from the world of small-cell lung cancer (SCLC) that doesn't take any prisoners. The antidote making waves is tambotatug pelitecan, or Tam-Peli for short, showcasing its might in the unrelenting fight against relapsed SCLC. The phase III TAISHAN-302 trial puts Tam-Peli...

Continue Reading
UWM Faces Class Action Deadline: Key Insights for Investors

Updated Category News Views 2

The High Stakes Reality for UWM Investors If there's one thing that's certain in this jittery world of investing, it's that losses have a way of waking you up. Right now, anyone tied up with UWM Holdings Corporation (NYSE: UWMC) shares needs to keep their wits about them; we're barreling toward an October 13, 2026 deadline for a class action lawsuit. The clock's ticking...

Continue Reading

Top 5 Most Recently Viewed Articles

Operational Investments That Pay Off: From Equipment to Efficiency

Updated Category Investing Views 913

Profit margins don’t grow on paper. They’re built in fields, on job sites, and across every mile a work truck covers. While most investors fixate on markets and financial instruments, the decisions that shape long-term returns often come down to how a business invests in its day-to-day operations. From machinery to mobility, the assets that power a company’s core...

Continue Reading
Capricor Therapeutics Boosts Market Confidence with New Deals

Updated Category News Views 82

Capricor Therapeutics Jump as Oppenheimer Updates Price Target Oppenheimer has recently adjusted its forecast for Capricor Therapeutics (NASDAQ: CAPR), increasing the price target from $14.00 to $15.00, while maintaining an Outperform rating for the stock. This revision follows Capricor's announcement that they have established binding terms for the European...

Continue Reading
Twelve Labs Partners with AWS to Revolutionize Video Search

Updated Category News Views 186

Transforming Video Content into Searchable Data In a significant move for the field of artificial intelligence, Twelve Labs is collaborating with Amazon Web Services (AWS) to enhance the way videos are analyzed and interacted with. This partnership strives to make video content as searchable and accessible as text, an advancement that many experts believe is crucial in...

Continue Reading
Mustang Energy Commences Uranium Exploration at New Project

Updated Category News Views 211

Mustang Energy Begins Exploration at Cluff Lake North Project Mustang Energy Corp. (CNSX: MEC.CN, Other OTC: MECPF, Frankfurt: 92T) has officially started its exploration activities at the Cluff Lake North Project. This project is situated in the renowned Athabasca Basin, a region celebrated for its rich mineral potential. The company has recently secured an option...

Continue Reading
Explore Romantic Getaways: Top Valentine's Day Travel Picks

Updated Category News Views 254

Embrace the Spirit of Romance This Valentine's Day As Valentine's Day approaches, many couples are beginning their journey toward unforgettable experiences rather than just exchanging gifts. This day symbolizes love and connection, inviting everyone to explore the world with their partner. Travel has become the new trend for celebrating this special occasion, with couples...

Continue Reading