Valmet to upgrade two boilers at Mondi Group's mills in Sweden and Bulgaria

31 januari 2014 Valmet Corporation's press release on January 31, 2014 at 11:00 a.m. EET Valmet will upgrade a recovery boiler at Mondi Group's Dynäs paper mill in Sweden and a power boiler at Mondi's Stambolijski mill in Bulgaria. The purpose of the upgrades is to increase the capacity and availability of the boilers. Both boiler rebuilds are planned to be ready in the fall of 2014. The order is included in Valmet's first quarter 2014 orders received. The value of the order will not be disclosed. "Mondi has been very active to develop their mills, and we, at Valmet, are very happy that Mondi has selected us for these important rebuilds. Upgrades are an area that is becoming more and more important for the industry in Europe as it relatively quickly increases production in existing plants," says Markus Bolhàr- Nordenkampf, Director Central and Eastern Europe, Valmet. The scope and selection of solutions in a Valmet boiler upgrade depend on the needs and technology at the mill or in the boiler plant. An upgrade normally provides increased capacity and improved boiler performance. It can also increase the service life of the boiler by as much as 10-15 years, depending on the circumstances. VALMET CORPORATION Corporate Communications Further information, please contact: Kari Remes, Vice President, Recovery, Pulp and Energy business line, Valmet, tel. +358 10 676 2413 More information about Mondi Group at http://www.mondigroup.com/ Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2012 were approximately EUR 3 billion. Valmet's objective is to become the global champion in serving its customers. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd. Read more www.valmet.com , www.twitter.com/valmetglobal This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Valmet Corporation via GlobeNewswire [HUG#1758239]