HELSINKI , April 28, 2022 /PRNewswire/ -- Valmet Oyj's press release on April 28, 2022 at 11:00 a.m. EEST
Valmet will supply a fine paper making line with stock preparation and an extensive scope of automation to Asia Symbol (Shandong ) Pulp and Paper in Rizhao, Shandong province, China . The new high-capacity fine paper making line will be designed to produce top-quality woodfree uncoated paper (WFU) grades. The start-up of the new production line PM14 is scheduled for 2023.
The order was included in Valmet's orders received in the first quarter of 2022. The value of the order will not be disclosed. The total value of an order of this type and delivery scope is typically around EUR 80–100 million.
PM14 follows the long sequence of fine paper making lines delivered by Valmet to the RGE Group, Asia Symbol's parent company. PM13 in XinHui, announced in 2020, started up on March 27, 2022 . Valmet-delivered PM12 was started up in XinHui in 2017 and PM11 in 2012. In addition, three other machines have been delivered to PT Riau Andalan in Indonesia .
"We chose Valmet to deliver Rizhao PM14 because of the excellent support and partnership we've had in the previous projects. We rely on both Valmet's and our team's experience and expertise to achieve another successful start-up together," says Steven Hung , Managing Director of Asia Symbol (Guangdong ).
"The long-lasting cooperation between Asia Symbol and Valmet is seamless. The Asia Symbol's XinHui references have been operating reliably, and their performance is of world-class. Once again, we are building a world leading WFU line both in productivity and quality. Valmet's expertise supports Asia Symbol's strong know-how of the WFU production. Our technology suits these types of fast and wide machines," says Mika Ollikainen , Vice President, Sales and Marketing, Board and Paper Mills, Paper business line, Valmet.
Technical information about Valmet's delivery
Rizhao PM 14 will be very similar to its predecessors (PM 11, PM 12, and PM 13). The delivery will include a high-speed fine paper making line from stock preparation to reel and winders with air systems and clothing for the whole machine line. The stock preparation delivery will include a Valmet TwinRoll Press for pulp mill dewatering; stock lines for softwood, hardwood and BCTMP (bleached chemi-thermomechanical pulp); bale handling with automatic dewiring system; and broke, white water and approach flow systems.
The delivery will also include an OptiFlo Gap headbox and an OptiFormer Gap forming section with shoe and blade technology for the best paper quality, an OptiPress Linear press section with two shoe presses for excellent profiles and dewatering capacity, and OptiRun Single and Hybrid drying sections with Valmet HiRun Web Stabilizers to ensure runnability at high speeds.
The drying section will be followed by an OptiSizer Film surface sizer with a supply system and an air turn device, an OptiCalender Hard calender for finalizing the end quality, an OptiReel Center center-driven reel, transfer rails, and two OptiWin Drum two-drum winders. The delivery will also include runnability equipment and a closed hood for the paper machine.
The wide automation package includes Valmet DNA Automation System for process and sectional drive controls as well as runnability and condition monitoring and Valmet IQ Quality Control System. The delivery will also include paper machine clothing, spare parts and consumables.
The paper machine with a 9,350-mm-wide fabric will produce woodfree uncoated, offset and copying paper grades with the basis weight range of 50–120 g/m2. The design speed of the machine will be 1,800 m /min.
About the customer Asia Symbol
Asia Symbol, established in China in 2002, is a leading producer of pulp and paper under the RGE (Royal Golden Eagle ) Group. Using renewable fiber that is sourced responsibly, Asia Symbol has an annual production of 2.2 million tons of pulp, 600,000 tons of paper board, and 1.5 million tons of fine paper at its plants in Shandong (Rizhao) and Guangdong (XinHui) provinces in China . Its main products are BHKP, NBKP, liquid packaging board, high-grade ivory board, and uncoated woodfree printing and office paper.
For further information, please contact: Jari Vähäpesola, President, Paper business line, Valmet, tel. +358 40 558 6555 Mika Ollikainen , Vice President, Sales and Marketing, Board and Paper Mills, Paper business line, Valmet, tel. +358 45 271 1711, mika.ollikainen@valmet.com
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries.
We aim to become the global champion in serving our customers. Our 17,000 professionals work close to our customers and are committed to improving our customers' performance – every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. The combined company's net sales in 2021 was approximately EUR 4.5 billion based on the respective company figures.
Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
Follow us on valmet.com | Twitter | Twitter (IR) | LinkedIn | Facebook | YouTube | Instagram |
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/valmet-oyj/r/valmet-to-supply-a-fine-paper-making-line-to-asia-symbol--shandong--in-china,c3554707
The departing executives said he was asked to leave by the CEO, who "wants to take the team in a different direction."
Billionaire Warren Buffet is one of two people in the top ten richest people in the world who has seen his net worth rise since January, according to the Bloomberg Billionaires Index. The CEO of Berkshire Hathaway ( (BRK.A) - Get Berkshire Hathaway Inc. Class A Report, is ranked number five on the index, which is a daily ranking of the world's richest people. The only other billionaire in the top 10 of the Bloomberg list is Gautam Adani, an Indian infrastructure magnate that owns real estate, commodities and power generation and transmission, whose total net worth is $102 billion and his year-to-date performance is a profit of $25.5 billion.
(Bloomberg) -- If the worst-case scenario for Germany hits, BMW AG, Mercedes-Benz AG and Volkswagen AG would struggle to paint their cars and the air across the country would get dirtier.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Lightning Ports in Favor of USB-CElon Musk Trolls TwitterUkraine Latest: US Senator Delays Aid Vote; Russia Eyes BorderEurope’s largest econom
Micron could be the cheapest tech stock in the market, based on its price/earnings ratio. Western Digital isn’t far behind.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the filing of the first prospective resource report for certain leads in the Kavango Basin, onshore Namibia, dated April 27, 2022, with an effective date of December 31, 2021 (the "Resource Report"). The full details of the Resource Report can be found on SEDAR or on the Company's website via the following – SEDAR.
For his fourth and final "Executive Decision" segment of Thursday's Mad Money program, host Jim Cramer talked to Sanjay Mehrotra, president and CEO at Micron Technology , the semiconductor maker that trades at just five times earnings. Mehrotra repeated that all of Micron's end markets remain very strong, and they're both diversified and secular growers. When asked about slowing cell phone sales in China, Mehrotra reminded investors that while user growth in smartphones is leveling off, the transition to 5G wireless means there are more, and more profitable, chips in each device.
Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for … Continue reading → The post Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income appeared first on SmartAsset Blog.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
Berkshire Hathaway is on pace to collect more than $6 billion in dividend income over the next year. Roughly $4.3 billion will come from just five stocks.
55% define retirement as “a new chapter in life.”
Crude oil prices shot up more than 3% on Friday in mid-day trade, with the WTI front-month contract reaching $109.80 per barrel—erasing losses from earlier in the week
A package of sanctions imposed on Russia, its top companies and its business and political elite over Moscow's invasion of Ukraine look set to trigger a deep recession in Russia. Almost 1,000 Western companies have either left or scaled back their operations since the start of the conflict, according to the Yale School of Management. Shortly after the invasion, the central bank hiked rates from 9.5% to 20% to shore up the rouble and contain soaring inflation, which peaked at 2.22% a week in early March.
Tension has been rising between American, Southwest and their pilot unions. United's contract offers hope for resolutions in those negotiations.
Electric vehicle startup company Rivian has had a tough year. Since its high in November 2021, the stock has been on a downward trajectory.
(Bloomberg) -- The market for a key component in the production of gasoline is about to get tighter in Europe -- bad news for motorists already contending with soaring prices for the fuel.Most Read from BloombergSony PlayStation Staff Fume Over CEO’s Abortion CommentsElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverUkraine Latest: US Senator Delays Aid Vote; Russia Eyes BorderTerraform Again Halts Blockchain Behind UST Stablecoin, LunaMore Than $200 Billion Wiped Off Cryptocurrency Mark
Lordstown Motors (NASDAQ: RIDE) stock is absolutely crushing the markets today. Lordstown Motors, which is on the verge of bankruptcy, was just thrown a lifeline, and the market now can't seem to keep its hands off the penny stock. Just earlier this week, Lordstown Motors shares crashed after the company warned it may not be able to close its deal with Taiwanese electronics-giant Hon Hai Precision (OTC: HNHPF), better known as Foxconn.
(Bloomberg) -- XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Lightning Ports in Favor of USB-CElon Musk Trolls TwitterUkraine Latest: US Senator Delays Aid Vote; Russia Eyes BorderThe unit could be valued in a deal
U.S. drivers seem to be giving electric vehicles another thought as gas prices put them off internal combustion engines for the time being.
Many large employers, including Amazon and Home Depot, 'churn' through low-paid workers who often leave before 401(k)s vest.
Gas prices hit record highs on Friday, as consumers are grappling with soaring inflation.